Portland General Electric Company

Portland General Electric Company (PGE) is an integrated electric utility based in Portland, Oregon, that generates, transmits, distributes, and sells electricity. Founded in 1888 as the Willamette Falls Electric Company, PGE's core mission is to power the advancement of society with safe, reliable, and affordable energy, while actively leading Oregon's clean energy transition. The company is headquartered in Portland, Oregon.

PGE provides electricity to nearly 960,000 customers, serving approximately 2 million Oregonians across parts of Multnomah, Clackamas, Marion, Yamhill, Washington, and Polk counties. The company operates a diverse portfolio of generation and storage facilities, including thermal plants, wind farms, hydroelectric facilities, solar installations, and battery storage. PGE's services extend to residential, commercial, and industrial market segments, powering almost two-thirds of Oregon's commercial and industrial activity.

In recent news, Portland General Electric reported Q1 2026 GAAP net income of $45 million ($0.38 per share) and non-GAAP net income of $68 million ($0.58 per share), reaffirming its 2026 adjusted EPS guidance of $3.33–$3.53. The company announced the acquisition of Washington state utility operations and select assets from PacifiCorp for $1.9 billion, expected to close in 2027, which will expand its service to approximately 140,000 additional customers. PGE has also finalized agreements for over 1,000 megawatts of new clean energy and battery storage projects and is committed to reducing greenhouse gas emissions from its retail power supply by at least 80% by 2030 and 100% by 2040. Maria Pope serves as the President and CEO of the Fortune 1000 company.