Noticias y eventos de Portland General Electric Co (POR)PORPortland General Electric Co

Portland General Electric Reaches Stipulation with Oregon PUC

Portland General Electric disclosed last night that it and the Staff of the Public Utility Commission of Oregon entered into a stipulation that recommends that the Public Utility Commission of Oregon approve Portland General's application for a corporate reorganization to create a holding company structure. "The stipulation resolves the issues in the proceeding among PGE and OPUC Staff," the company said in a regulatory filing. The stipulation between PGE and OPUC includes a monetary commitment of $45M, of which $40M will be issued as a rate credit to customers over a three-year period, and $5M will be used to fund community based renewable energy projects, arrearage management programs and workforce development for clean energy trades, as well as improving access to waterfalls and other natural features in Oregon

Company Reports Q2 Revenue of $814M, Below Expectations

Reports Q2 revenue $814M, consensus $837.43M. "Affordability remains a national focus, and we have taken proactive steps to address customer cost pressures while supporting continued economic growth in our region. The approval of our large customer tariff reflects several years of legislative and regulatory work. It results in data center pricing increasing by approximately 30%, while lowering costs for all other customers," said Maria Pope, President and CEO. "As we enter the second half of 2026, we are focused on operational execution, meeting the opportunities of continued customer growth, and advancing major regulatory proceedings including our holding company and Washington acquisition filings."

North Plains Connector Welcomes Minnkota Power Cooperative as Eighth Member

North Plains Connector welcomes Minnkota Power Cooperative as the eighth member of its utility consortium. Minnkota has signed a non-binding memorandum of understanding with North Plains Connector, a subsidiary of Grid United, to secure 150 megawatts of capacity on the 3,000-megawatt, high-voltage direct current transmission line once it begins operations, subject to successful negotiation of definitive agreements. Once completed, North Plains Connector will be the first HVDC transmission line in the United States to connect three regional electric energy markets - the Midcontinent Independent System Operator, the Western Interconnection, and the Southwest Power Pool - improving the reliability and resiliency of the electrical grid across the region while broadening market connections. Grid United and ALLETE are joint developers of North Plains Connector. Other members of the utility consortium with signed capacity MOUs with the project are: Avista (AVA), BHE U.S. Transmission, MDU Resources (MDU) subsidiary Montana-Dakota Utilities, NorthWestern Energy (NWE), Portland General Electric (POR), and Puget Sound Energy.