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Gem to acquire PacifiCorp's Washington assets

PRIVATESep 29, 2026

Acquiring Company

Gem

Acquired Company

PacifiCorp

PortlandOregonEnergyOil And GasRenewable EnergyEnergyOil And GasUtilities

Description

PacifiCorp is preparing to sell its Washington service area to Gem for approximately $1.9 billion. The sale requires approval from public service commissions across multiple states. While some support the move as beneficial for Utah, concerns about public interest and long-term impacts have been raised by various watchdogs.

Company Information

Company

Gem

Location

Portland, Oregon, United States

About

Gem is a subsidiary of Portland General Electric Company, focused on providing reliable energy solutions. The company emphasizes sustainable energy practices and community involvement in its operations. It is known for its commitment to customer service and innovation in the energy sector.

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Frequently asked

Who acquired PacifiCorp?

PacifiCorp was acquired by Gem, based in Portland. The deal was reported on September 29, 2026. Gem is a subsidiary of Portland General Electric Company, focused on providing reliable energy solutions. The company emphasizes sustainable energy practices and community involvement in its operations. Gem is privately held and operates in Energy.

When did Gem acquire PacifiCorp?

Gem's acquisition of PacifiCorp was reported on September 29, 2026. PacifiCorp is preparing to sell its Washington service area to Gem for approximately $1.9 billion. The sale requires approval from public service commissions across multiple states. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does PacifiCorp do?

PacifiCorp is a major electric utility in the United States, providing electricity to customers in the Pacific Northwest. It is privately held, operating in Energy, and is based in Oregon.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.