PGE delivers on commitment to ensure growth pays for growth

Portland, Ore. – Portland General Electric (PGE) today filed for regulatory approval on new rates associated with UM2377, the regulatory docket that implements Oregon’s POWER Act. The following rate changes are scheduled to take effect on June 10, 2026, pending review and approval from the Oregon Public Utility Commission:

• Large-load data center customers: 29% increase

• Residential customers: 1.3% decrease

• Small business customers: 3.7% decrease

• Commercial customers: 2.2% decrease

• Industrial customers: 1.5% decrease

“Oregon is building a modern regulatory framework that supports responsible growth while keeping customer affordability front and center,” said John McFarland, Chief Customer Officer at PGE. “As energy demand from large-energy users grows, this approach helps ensure the costs of new infrastructure are paid by the customers driving that growth, protecting residential and small business customers while continuing to support economic development across our region.”

On May 7, PGE secured regulatory approval from the Oregon Public Utility Commission to become the first utility in Oregon to implement the POWER Act, adopting a new customer class specifically for data centers and a new framework to fairly allocate costs based on growth. PGE also received authorization for proposals aimed at responsibly managing data center growth, including exit fees, minimum charges and special contracts to support clean energy development.

“When communities decide to bring in a new large energy user, whether a data center, manufacturer or local employer, PGE takes its responsibility seriously to serve them safely and reliably, just as we serve every household and business across our region,” said McFarland.

For more information about these rate changes and the regulatory decision on data center costs, visit the Oregon Public Utility Commission website .

About Portland General Electric

Portland General Electric (NYSE: POR) is an integrated energy company that generates, transmits and distributes electricity to over 950,000 customers serving an area of 1.9 million Oregonians. Since 1889, Portland General Electric (PGE) has been powering social progress, delivering safe, affordable, reliable and increasingly clean electricity while working to transform energy systems to meet evolving customer needs. PGE customers have set the standard for prioritizing clean energy with the No. 1 voluntary renewable energy program in the country. PGE was ranked the No. 1 utility in the 2024 Forrester U.S. Customer Experience Index and is committed to reducing emissions from its retail power supply by 80% by 2030 and 100% by 2040. In 2024, PGE employees, retirees and the PGE Foundation donated $5.5 million and volunteered nearly 23,000 hours to more than 480 nonprofit organizations. For more information visit www.PortlandGeneral.com/news