The Economic Times

US Market | Berkshire-owned PacifiCorp, citing liquidity, sells Washington assets to Portland General Electric for $1.9 billion

PacifiCorp, facing significant wildfire litigation costs in Oregon, is selling its Washington state wind, natural gas, and distribution assets to Portland General Electric for $1.9 billion. This strategic move aims to bolster PacifiCorp's liquidity and simplify operations amidst 'extraordinary pressure' from legal battles and regulatory challenges. The deal, pending approvals, includes key generation facilities and thousands of miles of infrastructure.