PORTLAND GENERAL ELECTRIC COMPANY (NYSE:POR) Files An 8-K Other Events
Item 8.01 Other Events
Electric Company (PGE or the Company) filed with the Public Utility
Commission of Oregon (OPUC) a general rate case based on a 2018
test year (2018 GRC). The Company’s filing requests a $100 million
increase in the annual revenue requirement related primarily to an
increase in base business costs for upgrades to PGE’s transmission
and distribution system, investments in strengthening and
safeguarding the grid, and support for key initiatives such as
participation in the western Energy Imbalance Market. Such change
would result in an approximate 5.6% overall increase relative to
currently approved prices.
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A capital structure of 50% debt and 50% equity;
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A return on equity of 9.75%;
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A cost of capital of 7.46%; and
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Rate base of $4.6 billion.
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with a final order targeted to be issued by the OPUC by December
2017. New customer prices are expected to become effective
January 1, 2018.
direct testimony and exhibits are expected to be made available
on the OPUC Internet website at www.oregon.gov/puc.
About PORTLAND GENERAL ELECTRIC COMPANY (NYSE:POR)
Portland General Electric Company (PGE) is an electric utility company. The Company is engaged in the generation, wholesale purchase, transmission, distribution and retail sale of electricity in the state of Oregon. The Company also sells electricity and natural gas in the wholesale market to utilities, brokers and power marketers. The Company has approximately four natural gas-fired generating facilities, which include PW1, PW2, Beaver and Coyote Springs Unit 1 (Coyote Springs). PGE owns and operates over two wind farms, including Biglow Canyon Wind Farm (Biglow Canyon) and Tucannon River. Biglow Canyon, which is located in Sherman County, Oregon, is its renewable energy resource consisting of approximately 220 wind turbines with a total nameplate capacity of over 450 megawatts (MW). Its Tucannon River is located in southeastern Washington and consists of approximately 120 wind turbines with a total nameplate capacity of over 270 MW. PORTLAND GENERAL ELECTRIC COMPANY (NYSE:POR) Recent Trading Information
PORTLAND GENERAL ELECTRIC COMPANY (NYSE:POR) closed its last trading session up +0.51 at 45.33 with 691,046 shares trading hands.