Portland General Electric Company(NYSE: POR) today reported net income based on generally accepted accounting principles (GAAP) of $94 million, or $0.90per diluted share, for the third quarter of 2024. This compares with GAAP net income of $47 million, or $0.46per diluted share, for the third quarter of 2023.
"Our focus on operational excellence, as well as improved power cost conditions across the West, underpin our solid third quarter results," said Maria Pope, PGE President and CEO. "We are making meaningful progress in our ongoing RFP to secure the next generation of reliable, clean and cost-effective resources that will support customer growth and advance our shared decarbonization goals."