Welcome to our dedicated page for Portland General news (Ticker: POR), a resource for investors and traders seeking the latest updates and insights on Portland General stock.
Portland General Electric (NYSE: POR) provides essential electric services to Oregon through its integrated generation, transmission, and distribution networks. This page serves as the definitive source for official company announcements, financial disclosures, and operational developments.
Investors and stakeholders will find timely updates on quarterly earnings, regulatory filings, and infrastructure investments like PGE's high-voltage transmission projects. The curated news collection also covers renewable energy initiatives including wind expansions and customer-focused sustainability programs.
All content is sourced directly from PGE's verified communications, ensuring accuracy for those monitoring utility sector performance, grid modernization efforts, or regulatory compliance matters. Bookmark this page for streamlined access to strategic updates affecting one of Oregon's largest energy providers.
Portland General Electric (NYSE: POR) reported Q1 2025 GAAP net income of $100 million ($0.91 per diluted share), compared to $109 million ($1.08 per share) in Q1 2024. The company experienced strong growth with 4.6% total load growth and 16.4% industrial load growth, driven by semiconductor manufacturing and technology infrastructure customers.
Key achievements include the completion of three battery storage systems (Constable, Sundial, and Coffee Creek) totaling 292 MW of capacity. With the upcoming 200 MW Seaside battery, PGE will soon operate over 500 MW of total battery storage. The company's 2024 ESG report highlighted that 45% of PGE's energy mix came from non-emitting resources.
PGE reaffirmed its 2025 adjusted earnings guidance of $3.13 to $3.33 per diluted share and announced a quarterly dividend of $0.525 per share, payable July 15, 2025.
Portland General Electric (NYSE: POR) has announced a quarterly dividend increase of 5%. The board of directors declared a quarterly common stock dividend of $0.525 per share, representing a $0.10 per share increase on an annualized basis.
The dividend will be paid on or before July 15, 2025, to shareholders of record as of June 24, 2025. The company maintains a target dividend payout ratio of 60-70% over the long term, with dividend decisions based on capital requirements and financial performance.
Portland General Electric (NYSE: POR) has announced it will release its first quarter 2025 earnings before U.S. financial markets open on April 25, 2025. The company will host an analyst conference call and webcast at 11 a.m. ET on the same day to discuss the results.
The conference call will feature presentations from Maria Pope, President and CEO; Joe Trpik, Senior Vice President of Finance and CFO; and Nick White, Manager of Investor Relations. Investors can access the webcast through POR's investor website, with a replay available from 2 p.m. ET on April 25.
Portland General Electric (PGE) reported significant achievements in its 2024 Environmental, Social and Governance Report. The company reached a record 45% of energy from non-carbon-emitting resources, showing a 7% compounded growth rate since 2020 toward its net-zero 2040 goal.
Key highlights include:
- Integration of new Clearwater Wind Energy Center and battery storage systems
- 24% of residential households participated in voluntary demand-shift programs
- Achieved 100-megawatt demand reduction during a July heatwave
- Ranked #1 by NREL for largest customer participation in renewable energy programs
- Record fish returns at hydro facilities
- $5.5 million in total company charitable giving
- 23,000 employee volunteer hours with 66% participation rate
Portland General Electric (NYSE: POR) reported full-year 2024 GAAP net income of $313 million ($3.01 per diluted share), and non-GAAP adjusted net income of $327 million ($3.14 per diluted share). The company has initiated 2025 adjusted earnings guidance of $3.13 to $3.33 per diluted share, reaffirming 5% to 7% long-term earnings growth.
Key 2024 achievements include: $1,262 million investment in capital projects, completion of 311 MW Clearwater Wind Energy Facility, integration of 292 MW of battery storage, and the 75 MW Constable Battery Energy Storage System. Total revenues increased due to semiconductor manufacturing and technology infrastructure customer demand, though partially offset by lower residential usage.
The company plans $1,270 million in capital expenditures for 2025 and forecasts cash from operations of $900-1,000 million. PGE also approved a quarterly dividend of $0.50 per share, payable April 15, 2025.
Portland General Electric (NYSE: POR) has announced a quarterly dividend declaration of $0.50 per share on February 12, 2025. The dividend will be payable on or before April 15, 2025, to shareholders of record as of March 24, 2025. The company maintains a target dividend payout ratio of 60-70% over the long term, with dividend evaluations based on capital requirements and financial performance.
Portland General Electric (NYSE: POR) has announced it will release its fourth quarter and full-year 2024 earnings summary before U.S. financial markets open on February 14, 2025. The company will host an analyst conference call and webcast at 11 a.m. ET on the same day.
The conference call will feature Maria Pope (President and CEO), Joe Trpik (Senior Vice President of Finance and CFO), and Nick White (Manager of Investor Relations). A webcast replay will be available from 2 p.m. ET on February 14 through the company's investor website.
Portland General Electric (PGE) received approval from the Oregon Public Utility Commission for its 2025 rate review, with increases ranging from 5.5% to 7.7% effective January 1, 2025. The Commission authorized a $98 million revenue requirement increase, representing 54% of PGE's requested $182 million. The decision approved a 50-50 debt-equity capital structure with a 9.34% return on equity.
Residential customers will see the lowest increase at 5.5%, comprising 1.9% for power costs, 1.1% for Energy Trust of Oregon funding, and 2.5% for capital investments. Commercial rates will increase by 7.5%, while industrial rates will rise by 6.0%. The rate changes support investments in battery storage, transmission infrastructure, and grid modernization to improve reliability and connect to more carbon-free energy resources.
Avangrid (NYSE: AGR) and Portland General Electric (PGE) have announced a Power Purchase Agreement for the Tower Solar project, a 120 MWac solar energy facility under construction in Morrow County, Oregon. The project, developed in collaboration with QTS and Meta, will deliver renewable energy through PGE's Green Future Impact program. The facility will span 900 acres, utilize over 200,000 solar panels, and create more than 200 construction jobs. The project is expected to generate approximately $20 million in combined PILOTs and property taxes. Tower Solar will be Avangrid's sixth solar facility in Oregon, scheduled for completion in 2026.
Portland General Electric (PGE) achieved a significant milestone with its Clearwater Wind Energy Center, generating over one gigawatt of power from wind sources for the first time in company history. The facility, located in Eastern Montana, provides PGE with 311 megawatts of capacity through ownership (208 MW) and a Power Purchase Agreement (103 MW).
The center began commercial operations in January 2024 and has consistently contributed about 34% of PGE's daily wind generation. The company reached its all-time wind generation record of 1,056 megawatts on February 26, 2024. The facility helps reduce dependency on open market energy purchases and benefits from federal Production Tax Credits.
