Company Reports

Portland General Electric reached a settlement with the Oregon regulatory staff that would allow it to create a holding company structure, albeit with certain stipulations.

Portland General reported earnings per share of $0.64 on an adjusted basis during the second quarter, down from $0.66 in the same year-ago quarter.

Portland General Electric has plenty of investment opportunities to serve growing electricity demand, meet Oregon's clean energy requirements, and strengthen the system against natural disasters such as wildfires.

c reported earnings per share of $0.58 on an adjusted basis during the first quarter, down from $0.91 in the year-ago quarter mostly due to regulatory timing items and unfavorable weather.

Portland General Electric has plenty of investment opportunities to serve growing electricity demand, meet Oregon's clean energy requirements, and strengthen the system against natural disasters such as wildfires.

Portland General Electric announced plans to acquire utility operations across southern Washington for $1.9 billion in cash from Berkshire Hathaway's PacifiCorp.

Portland General Electric has plenty of investment opportunities to serve growing electricity demand, meet Oregon's clean energy requirements, and strengthen the system against natural disasters such as wildfires.

Portland General Electric reported earnings per share of $1.00 on an adjusted basis during the third quarter, up 11% from adjusted EPS in the year-ago quarter mostly due to electricity demand growth and customer rate increases.

Portland General Electric reported earning $0.66 per share on an adjusted basis during the second quarter, down from $0.69 EPS in the second quarter of 2024 mostly due to the normalization of power costs.

Recent developments suggest that Portland General Electric's strategic growth plan is on track. We think the company can execute its plan and gain regulatory support despite concerns about wildfire risks and political rhetoric related to customer affordability.

Portland General Electric has plenty of investment opportunities to serve growing electricity demand, meet Oregon's clean energy requirements, and strengthen the system against natural disasters such as wildfires.

Portland General Electric reported earning $0.91 per share during the first quarter, down from $1.21 on an adjusted basis during the first quarter of 2024.

Utilities have limited direct exposure to tariffs announced by the Donald Trump administration, but falling energy demand or regulatory pushback to utilities' investment plans could slow earnings growth if economic conditions deteriorate.

Portland General Electric reported earnings per share of $3.01 in 2024, slightly below our estimate and at the low end of management's beginning-year $2.98-$3.18 EPS guidance range primarily due to $0.13 per share of winter storm losses. Excluding storm costs, earnings topped our expectations.

Portland General Electric has plenty of investment opportunities to serve growing electricity demand, meet Oregon's clean energy requirements, and strengthen the system against natural disasters such as wildfires.

Portland General is on track to meet our full-year 2024 earnings outlook and the high end of management's beginning-year $2.98-$3.18 EPS guidance range after reporting $0.90 per share of earnings during the third quarter, up from $0.46 during the same period of 2023.

We are raising our fair value estimate for Portland General to $53 per share from $51 after the company announced the final short list of clean energy projects tied to its 2023 integrated resource plan and 2024 request for proposals. We are reaffirming our narrow moat rating.

Portland General Electric has plenty of investment opportunities to serve growing electricity demand, meet Oregon's clean energy requirements, and stregthen the system against natural disasters such as wildfires.

Portland General Electric has plenty of investment opportunities to serve growing electricity demand, meet Oregon's clean energy requirements, and stregthen the system against natural disasters such as wildfires.

We are reaffirming our $50 per share fair value estimate for Portland General after the company reported earning $0.69 per share in the second quarter on an adjusted basis, up from $0.44 in the second quarter of 2023. We are also reaffirming our narrow moat rating.