Portland General Electric Announces $1.9B Acquisition Of PacifiCorp Washington Utility Operations With Manulife Partnership And Initiates 2026 Adjusted EPS Guidance Of $3.33 To $3.53
Benzinga Newsdesk 8 months ago
M&ANews
PGE partners with Manulife Investment Management for acquisition of PacifiCorp's Washington utility operations for $1.9 billionReached agreements to construct two solar and battery hybrid projects for a total of 615 MW,
- PGE partners with Manulife Investment Management for acquisition of PacifiCorp's Washington utility operations for $1.9 billion
- Reached agreements to construct two solar and battery hybrid projects for a total of 615 MW, with 425 MW Company-owned
- Initiating 2026 adjusted earnings guidance of $3.33 to $3.53 per diluted share and reaffirming 5% to 7% long-term earnings per share growth
- Full-year 2025 GAAP financial results of $2.77 per diluted share; full-year 2025 non-GAAP adjusted financial results of $3.05 per diluted share, reflecting 14% year-over-year industrial demand growth, offset by historic fourth quarter weather that reduced earnings by 17 cents
- PGE to host a conference call and webcast today, February 17, at 8:00am Eastern Time