Portland General Electric Co (POR)

Overview

Portland General Electric Company (PGE) stands as a pivotal integrated electric utility company, dedicated to the generation, wholesale purchase, transmission, distribution, and retail sale of electricity primarily within the state of Oregon. Founded in 1889 with its headquarters nestled in Portland, Oregon, PGE showcases a rich history and a robust operational footprint. As of December 31, 2023, PGE has established its presence through a comprehensive electric transmission system totaling 1,254 circuit miles. This extensive system includes segments of key voltages: 287 circuit miles of 500 kilovolt line, 413 circuit miles of 230 kilovolt line, and 554 miles of 115 kilovolt line, indicating a well-rounded capability to serve a vast and varied customer base. Serving approximately 934 thousand retail customers across 51 cities, PGE's operational expanse is further underscored by its 28,868 circuit miles of distribution lines, catering to the diverse and dynamic electric needs of its clientele.

Products and Services

Portland General Electric’s portfolio of products and services spans across various facets of the electric utility industry, reflecting its integral role in powering the state of Oregon. This diversified offering includes:

• Electricity Generation: PGE operates an array of facilities dedicated to the generation of electricity. This includes:
• Six thermal plants: Thermal power plants convert heat energy into electric power, utilizing fuels like natural gas or coal.
• Three wind farms: Harnessing the power of wind, these farms produce electricity with minimal environmental impact, highlighting PGE's commitment to sustainable energy solutions.
• Seven hydroelectric facilities: Leveraging water flow to generate power, PGE's hydroelectric facilities contribute to a renewable and clean energy source portfolio.
• Electricity Wholesale Purchases: Aside from generating its own electricity, PGE actively engages in the wholesale purchase of electricity. This strategic approach enables the company to ensure a consistent and reliable supply of electric power to meet the fluctuating demands of its customers, thereby reinforcing its commitment to operational excellence and customer satisfaction.
• Transmission and Distribution: PGE owns and operates an extensive electric transmission system, alongside a vast network of distribution lines. These critical infrastructures facilitate the efficient and safe transmission of electricity from the point of generation to the end users, encompassing a wide range of residential, commercial, and industrial customers across 51 cities.
• Retail Sale of Electricity: At the core of PGE's offerings is the retail sale of electricity. Catering to approximately 934 thousand customers, PGE prides itself on delivering not just electricity, but a promise of reliability, sustainability, and affordability, fostering a trust and dependability amongst its customers in various sectors.