Settlement of Carty Generating Station litigation allows for full offset of incremental construction costs
Increasing guidance from $2.10-$2.25 to $2.25-$2.40 per diluted share
SP Global upgraded PGE’s issuer credit rating from BBB to BBB+
PORTLAND, Ore. --(BUSINESS WIRE)--Portland General Electric Company (NYSE: POR)today reported net income of $46 million, or 51 cents per diluted share, for the second quarter of 2018. This compares with net income of $32 million, or 36 cents per diluted share, for the second quarter of 2017.
“I’m pleased to put the Carty litigation behind us and recognize the increase in our credit ratings,” said Maria Pope, president and CEO. “In addition, we’re making progress in bringing customers new renewable resources and programs, including our renewable RFP and green tariff.”