Portland General Electric Q2 Earnings Call Highlights
The utility says the request will fund grid upgrades, meter replacements and wildfire mitigation while shifting more costs to large data centers.
7 Articles
7 Articles
Portland General Electric Q2 Earnings Call Highlights
Portland General Electric (NYSE:POR) reported second-quarter GAAP net income of $68 million, or $0.59 per diluted share, and non-GAAP net income of $74 million, or $0.64 per diluted share, as industrial demand growth and regulatory recovery helped offset power-cost timing effects and financing costs
Portland General Electric proposes to raise residential rates by nearly 4% next year
Portland's largest electric company says it is investing in technologies to strengthen the grid and asking regulators for a 3.9% rate increase. That means an average household could see its electric utility bill increase by $8.33 a month.
Portland General Electric proposes more rate increases across customer classes
Powerlines in Hood River County above the Columbia River July 25, 2024. (Photo by Jordan Gale/Oregon Capital Chronicle)Hundreds of thousands of Oregonians who pay Portland General Electric for electricity could see their bills rise next year under a new rate proposal from the state’s largest private electric utility. PGE announced Friday they would seek approval from the Oregon Public Utility Commission — a three-person governor-appointed group …
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