PORTLAND GENERAL ELECTRIC CO /OR/ (POR) Portland General Electric (PGE) functions as a fully integrated electric utility, overseeing the generation, wholesale procurement, transmission, distribution, and direct retail sale of electricity throughout Oregon. Its power generation assets include seven hydroelectric facilities, three wind farms, and six thermal plants. As of December 31, 2021, PGE's electric transmission system covered 1,274 circuit miles, which notably comprised 287 miles of 500 kilovolt lines, 415 miles of 230 kilovolt lines, and 572 miles of 115 kilovolt lines. The company also manages an extensive 28,206-circuit-mile network of distribution lines. In addition to its electricity operations, PGE engages in the wholesale buying and selling of natural gas across the United States and Canada. It provides service to roughly 917,000 residential, commercial, and industrial customers situated in 51 different cities. The company was founded in 1889 and maintains its primary office in Portland, Oregon.
Sector: Electric Services
Industry: Regulated Electric
Portland General Electric Company NYSE:POR Utilities · Regulated Electric
Mkt Cap $5.24B
Div Yield 4.83%
AH Close $44.55 +0.00% vs close
AH Close $44.55 +0.00% vs close
Mkt Cap $5.24B
Div Yield 4.83%
All Press Release SEC Filings News
Press Release
Portland General Electric Declares Dividend
Portland General Electric's board declared a quarterly dividend of $0.55125 per share, payable on or before January 15, 2027, to shareholders of record as of December 22, 2026.
PGE targets a long-term dividend payout ratio of 60 to 70% and evaluates the dividend based on capital requirements and financial performance.
This is a routine, in-line declaration with no change in dividend policy disclosed.
• 2d ago AI analysis › SEC Filing ⚠ 3
POR: 8-K · regulatory action
Portland General Electric filed its 2026 Clean Energy Plan and Integrated Resource Plan with the Oregon Public Utility Commission on October 15, 2026 (Docket LC 88).
The plan outlines two portfolio pathways: one identifying 3,377 MW of resource additions needed by 2030 (over 5,000 MW by 2032), and a second designed to meet Oregon's HB 2021 emissions targets requiring 6,747 MW by 2030 and over 9,000 MW by 2032.
The filing also flags transmission expansion and continued advocacy for a holding company structure to support capital access. The plan faces a months-long regulatory review whose outcome PGE cannot predict.
SEC 8-K • 10d ago Press Release
Portland General Electric Schedules Earnings Release and Conference Call for Thursday, October 29
Portland General Electric announced it will release Q3 2026 results before market open on Thursday, October 29, followed by an 11 a.m. ET analyst conference call and webcast.
The call will be hosted by CEO Maria Pope, CFO Joe Trpik, and IR Senior Manager Erin Schwartz, with a replay available at 2 p.m. ET the same day.
This is a scheduling notice only; no financial results or guidance were included in the release.
• 23d ago AI analysis › Press Release ⚠ 1
PGE Launches Day-Ahead Energy Market Operations, Unlocking New Savings for Customers
Portland General Electric began buying and selling energy through CAISO's new Extended Day-Ahead Market, among the first utilities to participate.
PGE estimates EDAM participation will save customers approximately $14 million annually once the market is fully built out, while improving reliability and renewable integration.
PGE's prior WEIM participation since 2017 has generated roughly $377 million in cumulative customer benefits, and its own studies found EDAM offered greater economic benefits than alternative regional market options.
• 24d ago AI analysis › SEC Filing ⚠ 3
POR: 8-K · regulatory action
On September 25, 2026, the Oregon Public Utility Commission issued a final order (Order No. 26-354, Docket UM 2385) on PGE's application to reorganize under a holding company structure.
The order includes a rate credit and other customer benefits totaling approximately $83 million, which PGE supports, but also imposes conditions that depart from the stipulation agreed with OPUC staff — including restrictions on dividends tied to retained earnings and credit ratings.
PGE says these conditions could limit its ability to fund reliability investments, clean energy acquisition, and critical infrastructure, and it is evaluating reconsideration, clarification, or judicial review. The company does not expect to proceed with the reorganization unless the provisions are clarified or modified, and the customer benefits will not be implemented if it does not proceed.
SEC 8-K • 27d ago SEC Filing ⚠ 5
POR: 8-K · regulatory action
PGE and the Staff of the Public Utility Commission of Oregon entered a stipulation on August 12, 2026 in Docket UM 2385 recommending that the OPUC approve PGE's application for a corporate reorganization to create a holding company structure. A final OPUC decision is scheduled for August 25, 2026, and FERC has already approved the proposed structure.
The stipulation includes a $45 million monetary commitment: $40 million will be issued to customers as rate credits over a three-year period, and $5 million will fund community-based renewable energy projects, arrearage management programs, and workforce development for clean energy trades.
PGE made a set of enforceable commitments, including refraining from rate recovery of acquisition premiums, goodwill and transaction costs, keeping subsidiary PGE's common equity at 45% or higher, maintaining separate credit ratings for PGE and the holding company, and establishing a Golden Share preferred interest held by an independent third party that overrides all other shares in the event of a holding company bankruptcy.
Formation of the holding company still requires shareholder approval, and PGE intends to hold a special meeting of shareholders as soon as possible in 2026 to seek that approval.
SEC 8-K • 2mo ago Press Release
Portland General Electric Announces Second Quarter 2026 Results
Portland General Electric reported Q2 2026 GAAP net income of $68 million, or $0.59 per share, compared to $62 million, or $0.56 per share, in the prior year, and reaffirmed its full-year adjusted earnings guidance range.
Industrial customer demand grew 11.2% year-over-year, driven by high-tech and data center growth, supported by the approval of a new Large Load Tariff that increases data center pricing by approximately 30%.
The board approved a quarterly dividend of 55.125 cents per share, and the company plans to file its 2027 general rate case seeking an approximate 4.8% rate increase.
• 2mo ago AI analysis › SEC Filing ⚠ 3
POR: 10-Q · periodic report
Portland General Electric reported net income of $113 million for the six months ended June 30, 2026, a decrease of $49 million compared to the prior year period. The decline was driven primarily by lower alternative revenue programs, while operating revenues remained relatively flat at $1.69 billion.
The company provided an update on its pending $1.9 billion acquisition of PacifiCorp's Washington state assets, confirming that regulatory applications have been submitted to the FERC and state commissions. PGE has secured committed financing, including a $1.3 billion bridge facility and a $700 million term loan, to support the transaction which is expected to close within twelve months.
Significant legal and environmental risks were disclosed, including a newly recorded $20 million liability related to the Portland Harbor Superfund site. PGE also noted it is facing a $375 million wrongful death lawsuit stemming from the January 2024 winter storm, for which it cannot currently estimate a range of loss.
SEC 10-Q • 2mo ago AI analysis › Press Release
Portland General Electric declares dividend
Portland General Electric's board declared a quarterly common stock dividend of $0.55125 per share.
The company targets a long-term dividend payout ratio of 60% to 70%, based on capital requirements and financial performance.
The dividend is payable on or before October 15, 2026, to shareholders of record at the close of business on September 25, 2026.
• 3mo ago AI analysis › Press Release
Portland General Electric schedules earnings release and conference call for Friday, July 31
Portland General Electric announced it will release its second quarter 2026 financial results before U.S. markets open on July 31.
The company will host a conference call and webcast at 11 a.m. ET on the same day, featuring CEO Maria Pope, CFO Joe Trpik, and Investor Relations Senior Manager Erin Schwartz.
A replay of the webcast will be available on the company's investor website beginning at 2 p.m. ET on July 31.
• 3mo ago AI analysis › SEC Filing
POR: 8-K · other
Portland General Electric Company (POR) furnished an investor presentation dated May 12, 2026, outlining its strategic focus, including the proposed acquisition of PacifiCorp's Washington utility operations. The presentation provides updated financial guidance for 2026, projecting adjusted diluted EPS between $3.33 and $3.53, and highlights anticipated rate base growth of over $6 billion from 2024 to 2030.
The company detailed its robust capital investment pipeline, targeting clean energy and transmission projects such as the Wheatridge expansion and various reliability upgrades. PGE also addressed its liquidity position, citing $954 million in total liquidity and recent financing actions like a $550 million equity forward sale agreement to support capital needs.
Operational metrics indicate strong demand growth, particularly from industrial and data center sectors, with a total load growth of 4.7% for 2024-2025. The presentation reinforces the company's commitment to long-term earnings and dividend growth of 5% to 7%, supported by a regulated business model and constructive regulatory framework.
SEC 8-K • 5mo ago Press Release ⚠ 2
Portland General Electric Announces First Quarter 2026 Results
Portland General Electric reported Q1 2026 GAAP net income of $45 million, or $0.38 per share, down from $100 million in the prior year due to mild weather and one-time regulatory items.
Adjusted earnings for the quarter were $0.58 per share, and the company reaffirmed its full-year 2026 adjusted earnings guidance of $3.33 to $3.53 per share.
Industrial customer demand grew 10% quarter-over-quarter, driven by data centers and high-tech customers, while the board declared a quarterly dividend of 55.125 cents per share.
• 5mo ago AI analysis › 
