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News Release

PacifiCorp To Sell Distribution Assets To Oregon Electric Cooperatives - 03/19/26

 

 

 

FOR IMMEDIATE RELEASE

Media hotline: 503-813-6018

 

PacifiCorp to sell distribution assets to Oregon electric cooperatives

 

PORTLAND, Ore. (March 19, 2026) — PacifiCorp announced today that it has executed nonbinding term sheets outlining transactions with three separate Oregon electric cooperatives to sell its distribution assets in Wallowa County, Monroe and Lakeview, Oregon.

 

Under the agreements, PacifiCorp plans to transfer its distribution assets serving 5,514 residential, commercial and irrigation customers in Wallowa County to Oregon Trail Electric Cooperative; assets serving 1,162 residential, commercial and irrigation customers in the Monroe area to Blachly-Lane Electric Cooperative; and assets serving 2,228 customers in the Lakeview area to Surprise Valley Electrification Corporation.

 

“These agreements represent the company’s ongoing efforts to strengthen its financial position and simplify operations to ensure the continued delivery of safe, reliable electricity to our customers,” said Ryan Flynn, president, Pacific Power. “Each of the utilities involved in these transactions are experienced operators committed to the communities they serve, and we are confident this transition will be seamless for our customers in these areas.”

 

Once definitive agreements are negotiated and executed, these transactions are subject to regulatory approval and could take up to 12 months to complete. During this period, PacifiCorp will continue to provide quality service and customer care to these communities.

 

For more information, visit PacificPower.net/OregonNews.

 

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About PacifiCorp

 

PacifiCorp is one of the lowest-cost electrical providers in the United States, serving two million customers. The company operates as Rocky Mountain Power in Idaho, Utah and Wyoming and as Pacific Power in California, Oregon and Washington. PacifiCorp provides safe and reliable service through a vast, integrated system of generation and transmission that connects communities as the largest regulated utility owner of wind power in the West. For more information, visit PacifiCorp.com.

 

Forward-Looking Statements

This press release contains statements that do not directly or exclusively relate to historical facts. These statements are "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act and include, but are not limited to, any statements relating to the proposed transactions and the potential for the signing and closing thereof, the synergies and other benefits to be realized if the proposed transactions are consummated, including the impact of the transactions on PacifiCorp's financial position and operations. Forward looking statements can typically be identified by the use of forward-looking words, such as "will," "may," "could," "project," "believe," "anticipate," "expect," "estimate," "continue," "intend," "potential," "plan," "forecast" and similar terms. These statements are based upon PacifiCorp's current intentions, estimates, assumptions, expectations and beliefs and are subject to risks, uncertainties and other important factors. Many of these factors are outside the control of PacifiCorp and could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include, among others, considerations that may be disclosed from time to time in PacifiCorp's filings with the United States Securities and Exchange Commission (the "SEC") or in other publicly disseminated written documents. PacifiCorp undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities law. Specifically, there is no assurance that any term sheet will result in a definitive agreement providing for a transaction and PacifiCorp does not intend to provide additional updates on the proposed transactions unless and until it determines that further disclosure is appropriate or necessary. The foregoing factors should not be construed as exclusive.

PacifiCorp To Sell Distribution Assets To Oregon Electric Cooperatives - 03/19/26

 

 

 

FOR IMMEDIATE RELEASE

Media hotline: 503-813-6018

 

PacifiCorp to sell distribution assets to Oregon electric cooperatives

 

PORTLAND, Ore. (March 19, 2026) — PacifiCorp announced today that it has executed nonbinding term sheets outlining transactions with three separate Oregon electric cooperatives to sell its distribution assets in Wallowa County, Monroe and Lakeview, Oregon.

 

Under the agreements, PacifiCorp plans to transfer its distribution assets serving 5,514 residential, commercial and irrigation customers in Wallowa County to Oregon Trail Electric Cooperative; assets serving 1,162 residential, commercial and irrigation customers in the Monroe area to Blachly-Lane Electric Cooperative; and assets serving 2,228 customers in the Lakeview area to Surprise Valley Electrification Corporation.

 

“These agreements represent the company’s ongoing efforts to strengthen its financial position and simplify operations to ensure the continued delivery of safe, reliable electricity to our customers,” said Ryan Flynn, president, Pacific Power. “Each of the utilities involved in these transactions are experienced operators committed to the communities they serve, and we are confident this transition will be seamless for our customers in these areas.”

 

Once definitive agreements are negotiated and executed, these transactions are subject to regulatory approval and could take up to 12 months to complete. During this period, PacifiCorp will continue to provide quality service and customer care to these communities.

 

For more information, visit PacificPower.net/OregonNews.

 

###

 

About PacifiCorp

 

PacifiCorp is one of the lowest-cost electrical providers in the United States, serving two million customers. The company operates as Rocky Mountain Power in Idaho, Utah and Wyoming and as Pacific Power in California, Oregon and Washington. PacifiCorp provides safe and reliable service through a vast, integrated system of generation and transmission that connects communities as the largest regulated utility owner of wind power in the West. For more information, visit PacifiCorp.com.

 

Forward-Looking Statements

This press release contains statements that do not directly or exclusively relate to historical facts. These statements are "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act and include, but are not limited to, any statements relating to the proposed transactions and the potential for the signing and closing thereof, the synergies and other benefits to be realized if the proposed transactions are consummated, including the impact of the transactions on PacifiCorp's financial position and operations. Forward looking statements can typically be identified by the use of forward-looking words, such as "will," "may," "could," "project," "believe," "anticipate," "expect," "estimate," "continue," "intend," "potential," "plan," "forecast" and similar terms. These statements are based upon PacifiCorp's current intentions, estimates, assumptions, expectations and beliefs and are subject to risks, uncertainties and other important factors. Many of these factors are outside the control of PacifiCorp and could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include, among others, considerations that may be disclosed from time to time in PacifiCorp's filings with the United States Securities and Exchange Commission (the "SEC") or in other publicly disseminated written documents. PacifiCorp undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities law. Specifically, there is no assurance that any term sheet will result in a definitive agreement providing for a transaction and PacifiCorp does not intend to provide additional updates on the proposed transactions unless and until it determines that further disclosure is appropriate or necessary. The foregoing factors should not be construed as exclusive.