PacifiCorp sells Washington utility assets to Portland General Electric for 1.9 billion dollars
PacifiCorp is selling its Washington utility business to boost liquidity amid wildfire litigation. The deal includes power plants and 140,000 customers.
Insights:
PacifiCorp announced on Tuesday, February 17, 2026, that it is selling its wind and natural gas generation assets, distribution infrastructure, and approximately 4,500 miles of transmission and distribution lines in central and southern Washington to the Portland General Electric Company for $1.9 billion. The utility, which operates within the US 
US, cited liquidity pressures and credit-pressure risks tied to ongoing wildfire litigation as the primary reason for the sale. This transaction, involving a unit of Berkshire Hathaway Energy and its parent Berkshire Hathaway, is described as rare for Berkshire-affiliated units and has significant implications for the financial stability of PacifiCorp.
US, cited liquidity pressures and credit-pressure risks tied to ongoing wildfire litigation as the primary reason for the sale. This transaction, involving a unit of Berkshire Hathaway Energy and its parent Berkshire Hathaway, is described as rare for Berkshire-affiliated units and has significant implications for the financial stability of PacifiCorp.
