Portland General Electric Announces Third Quarter 2018 Results

Oct. 26, 2018

  • Stipulations reached on revenue requirement in 2019 General Rate Case

  • Recognized $10 million proceeds from Carty Generating Station settlement

  • RFP shortlist submitted to the OPUC to procure 100 MWa of qualifying renewable resources

PORTLAND, Ore.--(BUSINESS WIRE)--Oct. 26, 2018-- Portland General Electric Company (NYSE: POR)today reported net income of $53 million, or 59 cents per diluted share, for the third quarter of 2018. This compares with net income of $40 million, or 44 cents per diluted share, for the third quarter of 2017.

“With the Carty settlement behind us, we can now focus our full attention on the future,” said Maria Pope, PGE president and CEO. “In addition to achieving solid operational and financial results this quarter, we have made progress toward adding new renewables and advancing several smart grid projects.”