NYSE:PORElectric Utilities
Portland General Electric Expands Debt Capacity For PacifiCorp Asset Acquisition
Portland General Electric (NYSE:POR) has entered into two unsecured credit agreements that together provide access to more than $1b in new debt financing.
The company plans to use the funds for capital projects and to acquire PacifiCorp’s electric transmission, distribution, and generation assets in Washington.
These agreements introduce new funding structures, covenants, and timelines tied directly to this planned asset purchase.
Portland General Electric, trading at $51.49, is pursuing a...