PacifiCorp To Sell Distribution Assets To Oregon Electric Cooperatives - 03/19/26

FOR IMMEDIATE RELEASE

Media hotline: 503-813-6018

PacifiCorp to sell distribution assets to Oregon electric cooperatives

PORTLAND, Ore. (March 19, 2026) — PacifiCorp announced today that it has executed nonbinding term sheets outlining transactions with three separate Oregon electric cooperatives to sell its distribution assets in Wallowa County, Monroe and Lakeview, Oregon.

Under the agreements, PacifiCorp plans to transfer its distribution assets serving 5,514 residential, commercial and irrigation customers in Wallowa County to Oregon Trail Electric Cooperative; assets serving 1,162 residential, commercial and irrigation customers in the Monroe area to Blachly-Lane Electric Cooperative; and assets serving 2,228 customers in the Lakeview area to Surprise Valley Electrification Corporation.

“These agreements represent the company’s ongoing efforts to strengthen its financial position and simplify operations to ensure the continued delivery of safe, reliable electricity to our customers,” said Ryan Flynn, president, Pacific Power. “Each of the utilities involved in these transactions are experienced operators committed to the communities they serve, and we are confident this transition will be seamless for our customers in these areas.”

Once definitive agreements are negotiated and executed, these transactions are subject to regulatory approval and could take up to 12 months to complete. During this period, PacifiCorp will continue to provide quality service and customer care to these communities.

For more information, visit PacificPower.net/OregonNews.

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About PacifiCorp

PacifiCorp is one of the lowest-cost electrical providers in the United States, serving two million customers. The company operates as Rocky Mountain Power in Idaho, Utah and Wyoming and as Pacific Power in California, Oregon and Washington. PacifiCorp provides safe and reliable service through a vast, integrated system of generation and transmission that connects communities as the largest regulated utility owner of wind power in the West. For more information, visit PacifiCorp.com.

Forward-Looking Statements

This press release contains statements that do not directly or exclusively relate to historical facts. These statements are "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act and include, but are not limited to, any statements relating to the proposed transactions and the potential for the signing and closing thereof, the synergies and other benefits to be realized if the proposed transactions are consummated, including the impact of the transactions on PacifiCorp's financial position and operations. Forward looking statements can typically be identified by the use of forward-looking words, such as "will," "may," "could," "project," "believe," "anticipate," "expect," "estimate," "continue," "intend," "potential," "plan," "forecast" and similar terms. These statements are based upon PacifiCorp's current intentions, estimates, assumptions, expectations and beliefs and are subject to risks, uncertainties and other important factors. Many of these factors are outside the control of PacifiCorp and could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include, among others, considerations that may be disclosed from time to time in PacifiCorp's filings with the United States Securities and Exchange Commission (the "SEC") or in other publicly disseminated written documents. PacifiCorp undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities law. Specifically, there is no assurance that any term sheet will result in a definitive agreement providing for a transaction and PacifiCorp does not intend to provide additional updates on the proposed transactions unless and until it determines that further disclosure is appropriate or necessary. The foregoing factors should not be construed as exclusive.

Pacific Power To Host Wildfire Safety And Preparedness Webinar - 03/19/26

MEDIA ADVISORY

Pacific Power to host wildfire safety and preparedness webinar

Pacific Power To Host Wildfire Safety And Preparedness Webinar - 03/16/26

 MEDIA ADVISORY

Pacific Power to host wildfire safety and preparedness webinar

Link River Trail To Temporarily Close During Construction Project - 03/16/26

FOR IMMEDIATE RELEASE  
Media hotline: 503-813-6018

Link River trail to temporarily close during construction project
Expected to reopen after two to three weeks

KLAMATH FALLS, Ore. (March 16, 2026) — Pacific Power will begin work on the West Side canal just downstream of Link River Dam in Klamath Falls beginning Tuesday, March 17, resulting in the temporary closure of a portion of the Link River Trail.

This project will stop water flow in the canal from near the dam downstream to the powerhouse, and requires the use of heavy equipment in the area. Project construction has been coordinated with the U.S. Bureau of Reclamation and the City of Klamath Falls. 

To accommodate this work, the north access and a portion of the Link River Trail will be temporarily closed beginning March 17 and will remain closed for approximately two to three weeks until construction is complete. Closed areas will be clearly marked, and the public is asked to respect this closure and remain a safe distance from the construction area.

The south access off West Main St. and approximately one mile of trail will remain open. However, the trail will be closed in the vicinity of Link River Dam.

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About Pacific Power

Pacific Power provides safe and reliable electric service to more than 800,000 customers in Oregon, Washington and California. The company supplies customers with electricity from a diverse portfolio of generating plants including hydroelectric, natural gas, coal, wind, geothermal and solar resources. Pacific Power is part of PacifiCorp, one of the lowest-cost electricity producers in the United States, with over two million customers in six western states. For more information, visit PacificPower.net.

Pacific Power To Host Wildfire Safety And Preparedness Webinar - 03/09/26

MEDIA ADVISORY

Pacific Power to host wildfire safety and preparedness webinar

PacifiCorp Announces Settlement Of All Federal Claims For Damages From 2020 Labor Day Wildfires And 2022 McKinney Fire - 02/20/26

FOR IMMEDIATE RELEASE  

Media hotline: 503-813-6018

PacifiCorp Announces Settlement of All Federal Claims for Damages from 2020 Labor Day Wildfires and 2022 McKinney Fire

Portland, Ore. (February 20, 2026) — PacifiCorp has reached a comprehensive settlement for $575 million resolving all known federal government claims for damages related to the 2020 Labor Day wildfires—including the 242, Archie Creek, Echo Mountain, Slater and South Obenchain fires—and the 2022 McKinney wildfire. 

“This settlement is another significant milestone demonstrating our ongoing commitment to resolve all reasonable claims related to the devastating fires that affected Oregon and California,” said Ryan Flynn, President of Pacific Power. “Setting aside claims arising from the Beachie Creek/Santiam Canyon fire, we have now settled nearly 90 percent of known claims for a total of more than $2.2 billion, providing certainty for customers and progress toward a financially healthy utility.”

PacifiCorp continues to invest in wildfire prevention and mitigation initiatives, including situational awareness, advanced monitoring technologies, enhanced vegetation management and system strengthening. The company remains dedicated to collaborating with regulators, legislators and customers to develop long-term solutions that address the growing threat of wildfire and other extreme weather events.

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About PacifiCorp

PacifiCorp is one of the lowest-cost electrical providers in the United States, serving two million customers. The company operates as Rocky Mountain Power in Idaho, Utah and Wyoming and as Pacific Power in California, Oregon and Washington. PacifiCorp provides safe and reliable service through a vast, integrated system of generation and transmission that connects communities as the largest regulated utility owner of wind power in the West. For more information, visit PacifiCorp.com.