Portland General Electric

Portland General Electric Company

Company type	Public company
Traded as	NYSE: POR S&P 400 component
Industry	Public utility
Founded	1888; 136 years ago (1888)
Headquarters	Portland, Oregon, U.S.
Products	Electric power
Revenue	US$2.9 billion (2023)[1]
Operating income	US$396M (2023)[2][3]
Net income	US$228M (2023)[3]
Total assets	US$11.2 billion (2023)[4]
Total equity	US$3.3 billion (2023)[4]
Number of employees	2,840 (2023)[4]
Website	portlandgeneral.com

Portland General Electric (PGE) is a Fortune 1000, investor-owned (NYSE: POR) energy company based in Portland, Oregon, that generates, transmits and distributes electricity, serving almost two-thirds of Oregon’s commercial and industrial activity. PGE is regulated by the Oregon Public Utility Commission. Founded in 1888 as the Willamette Falls Electric Company, the company has been an independent company for most of its existence, though was briefly owned by the Houston-based Enron Corporation from 1997 until 2006, almost 20 years ago, when Enron divested itself of PGE during its bankruptcy.

Notably, PGE does not serve all of Portland. Its service territory comprises most of Portland west of the Willamette River, sharing most of the city east of the river with Pacific Power.

PGE holds a mix of generation and storage facilities including hydropower, wind, solar, battery storage and thermal, as well as key transmission resources. The company’s power plants have a combined generating capacity of more than 3,300 megawatts.

Following the Oregon House Bill 2021, which introduced new decarbonization goals, PGE announced to reduce emissions from its retail power supply by 80% by 2030 and 100% by 2040.^[5]