Portland General Electric Announces Second Quarter 2024 Results

July 26, 2024

Portland General Electric Company(NYSE: POR) today reported net income based on generally accepted accounting principles (GAAP) of $72 million, or $0.69per diluted share, for the second quarter of 2024. This compares with GAAP net income of $39 million, or $0.39per diluted share, for the second quarter of 2023, which included the $0.05per diluted share impact from the Boardman revenue requirement settlement charge. After adjusting for the impact of the Boardman revenue requirement charge, second quarter 2023 non-GAAP net income was $44 million, or $0.44per diluted share.