Portland General Electric and Manulife Investment Management to acquire Washington state utility operations of PacifiCorp for $1.9bn.

Portland General Electric, a fully integrated electric utility company, and Manulife Investment Management, a wealth and asset management company, agreed to acquire the Washington state utility operations of PacifiCorp, an electric power company, for $1.9bn. "We are excited for the opportunity to continue to grow, expanding into Washington and building upon PGE's foundation of operational excellence and customer service. We look forward to our partnership with Manulife Investment Management, who brings a track record of investment success across the utility sector and Pacific Northwest agriculture and timberland industries," Maria Pope, PGE President and CEO.