India, Feb. 17 -- Portland General Electric Company (POR) said on Tuesday that it has inked a deal to acquire select Washington state generation, transmission, and electric utility operations from PacifiCorp, an electric power company, for $1.9 billion.
"PGE expects accretion in the first full year upon closing and overall enhancement of PGE's long-term EPS and dividend growth from the transaction," the company said.
Under the terms, Portland General Electric, or PGE, will acquire three generation facilities, including the Chehalis 477 MW natural-gas plant, the Goodnoe Hills 94 MW wind facility, and the Marengo I and II 234 MW wind facilities.
The acquisition will also include 4,500 miles of transmission and distribution lines and local ...