Portland General Electric Files Inaugural Clean Energy Plan

Portland, Ore. (March 31, 2023) — Portland General Electric (PGE) (NYSE:POR) filed its combined Integrated Resource Plan and inaugural Clean Energy Plan, a comprehensive roadmap detailing how the company will meet customers’ energy needs and Oregon’s ambitious greenhouse gas emissions targets while maintaining reliability, safety and affordability. PGE’s path to reach these targets is possible with resources available today and the company’s strategy involves utilizing commercially available tools between now and 2030, including:

• New utility scale renewable projects like wind and solar installations, both in-state and out-of-state, and the necessary transmission to bring it to local customers.

• Non-emitting capacity such as batteries.

• Community based renewable energy and customer-sited solutions, including energy efficiency, solar, battery storage, and demand response programs.

• Collaboration in regional markets and partnerships that allow PGE and other utilities to pool resources and source clean energy from across the West.

• Upgrades to local transmission lines and new regional transmission solutions to accommodate growth and bring a greater geographic diversity of resources to PGE’s portfolio.

PGE has already taken significant steps to decarbonize our system and reported a 25% decrease from baseline to actual emissions in 2022.

“This plan reflects the values and expectations of our customers who, for decades, have made clean energy a top priority,” said Maria Pope, Portland General Electric’s president and CEO. “Achieving decarbonization will require continued collaboration with our customers and community partners at the local, state and federal levels. At PGE, we are committed to making the investments in innovation, diverse resources and the electric grid necessary to decarbonize our energy system, while we continue to focus on affordability during the clean energy transition.”

More information on the combined Clean Energy Plan and Integrated Resource Plan filing can be found here.