Portland General Electric(US:POR)2025-02-14 16:28Financial Performance - GAAP net income for 2024 was $313 million, or $3.01 per diluted share[11], while non-GAAP adjusted diluted earnings per share was $3.14[11] - The company reaffirms long-term EPS growth of 5% to 7%, using the midpoint of the original 2024 adjusted earnings guidance of $3.08 per share[10] - The company is initiating full-year 2025 adjusted earnings guidance of $3.13 to $3.33 per diluted share[31] Load Growth - Weather-adjusted year-over-year load growth was 3.1%[13], with residential deliveries up 0.5%, commercial deliveries down 0.9%, and industrial deliveries up 10.7%[13] - After weather impacts, year-over-year load growth was 1.3%[13] - The company updates long-term load growth to 3% through 2029[10, 32] Capital Investments and Financing - Capital expenditures are projected to be $1.27 billion in 2025[33] - The company expects 2025 debt financings of $400 million in Q1 and $150 million in Q4[27] - The company settled $300 million of the previously established ATM facility to meet 2024 base equity needs[30] and entered into a new ATM facility for up to $400 million to support future base and potential RFP ownership equity needs, with $50 million settled to date[30] Clean Energy and Safety - The company achieved a maximum output of more than 1 gigawatt of wind energy on multiple days throughout 2024[16] - The company integrated 292 MW of battery storage in 2024[16] - The company's OSHA recordable incident rate has fallen by 16% on a compounded annual basis since 2020[16]