Portland General Electric Company
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Maria MacGregor Pope
- Full Time Employees
- 2,877
- Sector
- Utilities
- Industry
- Regulated Electric
- Address
- 121 South West Salmon Street Portland OR United States of America 97204
- IPO Date
- Mar 31, 2006
- CIK
- 0000784977
- Website
- portlandgeneral.com
- Similar Companies
- Business
- Portland General Electric Company (NYSE: POR), founded in 1889 and headquartered at 121 SW Salmon Street in Portland, Oregon, operates as an integrated electric utility that generates, transmits, and distributes electricity to approximately 950,000 residential, commercial, and industrial customers across a 4,000-square-mile service territory in the Portland metropolitan area and surrounding regions of Multnomah, Clackamas, Marion, Yamhill, Washington, and Polk counties; its core products and services encompass a diverse generation portfolio including natural gas, hydroelectric, wind, solar, and coal facilities supplemented by wholesale power purchases, extensive transmission and distribution networks with substations and lines, renewable energy programs such as Green Future Impact and Renewable Power Options, energy efficiency incentives, and smart grid technologies featuring advanced metering infrastructure for enhanced reliability and integration of renewables. The company serves diverse customer segments in Oregon with a focus on affordability, safety, and sustainability, maintaining regulatory compliance under the Oregon Public Utility Commission while pursuing a clean energy transition aligned with state mandates for emissions reductions by 2030, 2035, and 2040, including a commitment to 100% clean electricity by 2040. In recent developments, Portland General Electric advances its decarbonization strategy through a 2024 request for proposals that shortlisted bidders for renewable and non-emitting dispatchable capacity resources via power purchase agreements and build-transfer agreements, with commercial negotiations targeting contract finalization by Q1 2025; the company filed in July 2025 for a holding company structure reorganization with an estimated effective date in mid-2026 to enable flexibility for non-regulated investments and transmission expansion amid rising demand from semiconductors and data centers; additionally, it reported robust Q3 2025 financials with total revenues of $929 million and net income of $93 million, reflecting industrial growth and operational efficiencies, alongside ongoing capital expenditures of about $1.3 billion annually for grid modernization and renewable projects.
Company News
Portland General Electric Schedules Earnings Release and Conference Call for Thursday, October 29
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