Berkshire unit PacifiCorp to sell Washington generation and grid assets to Portland General Electric for $1.9 billion
PacifiCorp, a utility owned by Berkshire Hathaway, is selling a portfolio of natural gas, wind generation and transmission and distribution assets in central and southern Washington to Portland General Electric for $1.9 billion. The deal, which includes a 49% investment by Manulife Investment Management in the Washington utility business, is being …