secwatch.observer — SEC 8-K summary
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Issuer:     PACIFICORP /OR/ (—)
CIK:        0000075594
Form:       8-K
Filed at:   2026-02-17T23:59:59+00:00
Accession:  0000075594-26-000004
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PacifiCorp sells Washington service area to Portland General Electric for $1.9B
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- Sale includes Chehalis gas plant, Goodnoe Hills & Marengo wind, and distribution assets.
- Purchase price $1.9B in cash, subject to standard adjustments; no financing condition.
- Regulatory approvals required from multiple state commissions and FERC; termination fee $35M.
- CEO Darin Carroll cites diverging state policies as pressure, expects improved financial stability.
- Expected to close by August 2027 (extendable 6 months); seamless transition for Washington employees.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/75594/000007559426000004/0000075594-26-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/75594/000007559426000004/pacificorp-20260215.htm
  HTML page:      https://secwatch.observer/filing/0000075594-26-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer