Portland General Electric

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Portland General Electric (PGE) is a vertically integrated electric utility serving customers in Oregon. They are focused on providing reliable and affordable energy while transitioning to cleaner energy sources.

Investment Focus

Technologies

Transmission2

Solar, Battery Storage1

Gas1

Onshore Wind1

Gas Power1

Geography

USA4

Deal History (4)

Portland General Electric reaches agreements to construct two solar and battery hybrid projects

Developer Solar, Battery Storage USA Feb 18, 2026

Manulife Infrastructure Fund III to acquire 49% ownership stake in Portland General Electric's Washington utility business

Seller Transmission USA Feb 20, 2026 USD1.9B

Portland General Electric Acquires Washington Utility Operations from PacifiCorp for $1.9B

Buyer Gas, Onshore Wind, Transmission, Gas Power, Other USA Feb 17, 2026 USD1.9B

PacifiCorp to sell Washington service area to Portland General Electric

Buyer Wind, Natural Gas Generation, Transmission USA Feb 17, 2026 USD1.9B

Co-Investors & Partners

John Hancock Life Insurance Co.

2 shared deals

Manulife Infrastructure Fund III

Manulife Investment Management

1 shared deal

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