Growth Projections The Zacks Consensus Estimate for POR's 2024 earnings per share (EPS) has increased 0.7% to $3.08 in the past 60 days. The Zacks Consensus Estimate for 2024 revenues is pegged at $3.22 billion, indicating a year-over-year increase of 10.3%. Debt Position Currently, Portland General Electric's total debt-to-capital ratio is 56.17, better than the industry average of 62.21. The time-to-interest earned ratio at the end of the first quarter of 2024 was 2.7. The ratio, being greater than one, r ...

Portland General Electric Company (NYSE:POR) Q1 2024 Earnings Conference Call April 26, 2024 11:00 AM ET Company Participants Nick White - Manager, Investor Relations Maria Pope - President & Chief Executive Officer Joe Trpik - Senior Vice President of Finance & Chief Financial Officer Conference Call Participants Richard Sunderland - JP Morgan Shahriar Pourreza - Guggenheim Partners Paul Fremont - Ladenburg Thalmann Gregg Orrill - UBS Willard Grainger - Mizuho Securities Operator Good morning, everyone, an ...

Exhibit 99.1 Portland General Electric One World Trade Center 121 S.W. Salmon Street Portland, Oregon 97204 News Release April 26, 2024 Sarah Hamaker Nick White Corporate Communications Investor Relations Phone: 435-513-0799 Phone: 503-464-8073 Media Contact: Investor Contact: Portland General Electric Announces First Quarter 2024 Results PORTLAND, Ore. -- Portland General Electric Company (NYSE: POR) today reported net income based on generally accepted accounting principles (GAAP) of $109 million, or $1.0 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________________ to ____________________ Commission File Number: 001-5532-99 PORTLAND GENERAL ELECTRIC COMPANY (Exact name of registrant as specified i ...

FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition period from to UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Commission File Number 001-05532-99 PORTLAND GENERAL ELECTRIC COMPANY (Exact name of registrant as specified in its charter) Oregon 93-0256820 (State or other jurisdiction ...

Portland General Electric Company (NYSE:POR) Q4 2023 Earnings Conference Call February 16, 2024 11:00 AM ET Company Participants Nick White - Manager, Investor Relations Maria Pope - President & Chief Executive Officer Joe Trpik - Senior Vice President of Finance & Chief Financial Officer Conference Call Participants Nicholas Campanella - Barclays Julien Dumoulin-Smith - Bank of America Gregg Orrill - UBS Paul Fremont - Ladenburg Thalmann Travis Miller - Morningstar, Inc. Willard Grainger - Mizuho Securitie ...

Portland General Electric EARNINGS CONFERENCE CALL FOURTH QUARTER AND FULL YEAR 2023 Information Current as of February 16, 2024 Except as expressly noted, the information in this presentation is current as of February 16, and should not be relied upon as being current as of any subsequent date. PGE undertakes no duty to update this presentation, except as may be required by law. Forward-Looking Statement Forward-looking statements include statements regarding the Company's full-year earnings guidance (incl ...

Portland General Electric Company (NYSE:POR) Q3 2023 Earnings Conference Call October 27, 2023 11:00 AM ET Company Participants Nick White - Manager, Investor Relations Maria Pope - President & Chief Executive Officer Joe Trpik - Senior Vice President of Finance & Chief Financial Officer Conference Call Participants Shahriar Pourreza - Guggenheim Partners Richard Sunderland - JPMorgan Julien Dumoulin-Smith - Bank of America Nicholas Campanella - Barclays Gregg Orrill - UBS Andrew Levi - HITE Hedge Asset Man ...

Forward-looking statements include statements regarding the Company's full-year earnings guidance (including expectations regarding annual retail deliveries, hydro conditions, wind generation, normal thermal plant operations, operating and maintenance expense and depreciation and amortization expense) as well as other statements containing words such as "anticipates," "based on," "believes," "conditioned upon," "considers," "could," "estimates," "expects," "expected," "forecast," "goals," "intends," "needs, ...

Load Demand and Capacity - PGE's peak load demand reached 4,498 MW in August 2023, surpassing the previous summer peak by nearly 6%[165] - The Green Future Impact Program has an approved capacity of 750 Megawatts (MW) nameplate as of September 30, 2023[163] - PGE estimates a total resource need of approximately 3,500 to 4,500 MW of renewable energy and non-emitting capacity to meet its 2030 emissions reduction target, with a remaining need of approximately 2,700 to 3,700 MW after procuring 311 MW of wind resources and 475 MW of capacity[167] Emission Reduction and Clean Energy Goals - PGE aims to reduce greenhouse gas (GHG) emissions by at least 80% by 2030 and achieve 100% clean electricity by 2040, in line with Oregon's House Bill 2021[160][161] - The company is committed to being net-zero in annual carbon emissions by 2040, a decade ahead of the Paris Agreement's goal[164] - PGE's Clean Energy Plan (CEP) was filed with the OPUC on March 31, 2023, outlining strategies to meet emission reduction targets over the next 20 years[166] Financial Performance - Total revenues for the nine months ended September 30, 2023, increased by 12% to $2,198 million compared to $1,960 million in 2022[240] - Net income for the nine months ended September 30, 2023, was $160 million, a decrease of $22 million or 12% compared to $182 million in 2022[242] - Retail revenues increased by 12% to $1,830 million for the nine months ended September 30, 2023, driven by higher prices and a 3% increase in total retail deliveries[243] Capital Expenditures and Investments - PGE has entered into agreements to acquire a 311 MW wind energy facility with an initial expected investment of approximately $415 million, and a 200 MW Battery Energy Storage System (BESS) with an investment of approximately $360 million[173] - PGE plans to make capital expenditures of $1.5 billion in 2023, funded through cash generated from operations, debt securities, and share issuances[269] - PGE completed approximately $26 million in capital projects related to wildfire mitigation and resiliency in the current year[178] Regulatory and Rate Cases - PGE filed a General Rate Case (GRC) on February 15, 2023, requesting an annual revenue requirement increase of $340 million for 2024[198] - The adjusted annual revenue requirement increase is $391 million, which includes $183 million related to Net Variable Power Cost (NVPC)[203] - The OPUC is expected to issue a final order on the 2024 GRC later this year, with new customer prices effective January 1, 2024[208] Customer and Market Dynamics - The average number of retail customers increased to 928,638 for the nine months ended September 30, 2023, compared to 923,376 for the same period in 2022[226] - PGE's total retail energy deliveries for the nine months ended September 30, 2023, increased by 3% compared to the same period in 2022, driven by growth in demand from the industrial customer class[226] - Wholesale energy deliveries increased by 30% to 2,446 MWhs in the three months ended September 30, 2023, compared to 1,875 MWhs in the same period in 2022[226] Risks and Challenges - PGE's operations are influenced by various risks, including regulatory changes, economic conditions, and extreme weather events[150][151] - The company is exposed to various forms of market risk, including fluctuations in commodity prices, foreign currency exchange rates, and interest rates[291] - There have been no material changes to market risks or credit risk affecting the Company since the last Annual Report[291] Cash Flow and Liquidity - Cash and cash equivalents at the end of the period for September 30, 2023, were $47 million, compared to $18 million at the end of September 30, 2022[265] - Operating activities generated $331 million in cash for the nine months ended September 30, 2023, down from $574 million in the same period of 2022[265] - PGE's common equity ratio was 46.5% as of September 30, 2023, compared to 43.3% at the end of 2022, reflecting the company's financial objectives to maintain a ratio of approximately 50%[285]