PacifiCorp has reached a definitive agreement to sell its Washington state energy assets and infrastructure to Portland General Electric (PGE) for **$1.9 billion**. This major divestiture by the Berkshire Hathaway-owned utility comes as it faces significant financial pressure from ongoing wildfire litigation in Oregon. The deal includes a comprehensive portfolio of generation and distribution assets. PGE will acquire the **477-MW** Chehalis natural gas plant alongside the Goodnoe Hills and Marengo wind facilities. The transaction also encompasses **4,500 miles** of transmission and distribution lines, serving approximately **140,000 customers** across **2,700 square miles** in central and southern Washington. PacifiCorp is taking this step to bolster liquidity as it manages potential liabilities from the 2020 Labor Day wildfires. While the utility has recently settled smoke-related claims with Oregon wineries for **$125 million**, it still faces broader class-action litigation where damage claims have been estimated as high as **$52 billion**. The company cited "extraordinary pressure" from diverging state policies and regulatory challenges across its six-state service area as a primary driver for the sale. This move is intended to simplify operations and stabilize credit ratings that have been impacted by the legal landscape in the Pacific Northwest. For Portland General Electric, the acquisition represents a transformational expansion. To fund the **$1.9 billion** purchase, PGE has secured bridge and term loans from major financial institutions and partnered with Manulife Investment Management, which will take a **49%** stake in the newly acquired Washington business. The transaction is expected to be accretive to PGE’s earnings within the first full year of ownership. The deal now enters a regulatory review phase involving federal and state commissions, with a final closing expected to take at least **12 months**. During this period, existing electricity rates and local operations in areas like Yakima and Walla Walla are expected to remain stable.