20260430News Release.pdf

Idaho Public Utilities Commission Brad Little,Gmernor
L � P.O. Box 83720. Boise, ID 83720-0074 Edward Lodge,President
John R.Hernmond,Jr.,Commissioner
Dayn Hardie,Commissioner
Case No. PAC-E-26-04
Order No. 37016
Contact:Adam Rush
Office: 1-208-334-0339
E-mail Address: [e-mail]
NEWS RELEASE: Electric utility files application to sell service area and assets in Washington
state.
BOISE (April 30, 2026)—PacifiCorp has filed an application with the Idaho Public Utilities
Commission seeking approval to sell its service area and assets in Washington state. The
Washington service area includes approximately 137,000 customers in Yakima,Walla Walla,
Columbia, Garfield and Benton counties.
PacifiCorp is a multi-state electric utility that does business in eastern Idaho as Rocky Mountain
Power and does business in Washington state as Pacific Power. The utility is proposing to sell its
service area and assets to Gem Sub LLC for a base purchase price of$1.9 billion. The assets
include the Chehalis thermal plant, Marengo wind facility, Goodnoe Hills wind facility and the
distribution infrastructure required to provide electricity to customers.
PacifiCorp also is requesting an accounting order if the sale is approved by the Commission as
filed. The accounting order would allow the utility to record an $8.9 million balance that would
be credited to customers over a three-year period in the utility's next general rate case. The credit
would partially offset requested increases at the time of the rate case.
PacifiCorp said the proposed sale is intended to simplify operations across the utility's multi-
state service area and ensure it has enough resources to serve approximately 2 million customers
in the West and Intermountain West.
Additional information on PacifiCorp's application is available at:
puc.idaho.gov/case/Details/7728.