# Portland General Electric

> Portland General Electric is an investor-owned, vertically integrated electric utility serving more than 950,000 customers in 51 Oregon cities. It generates and purchases electricity, operates transmission and distribution networks, and offers renewable power options, energy-saving rewards and customer account services. Its clean-energy transition combines renewable generation, batteries and demand flexibility under regulated electricity rates.

- **Founded:** 1888
- **Headquarters:** Portland, United States
- **Founders:** Parker F. Morey (Co-founder of predecessor Willamette Falls Electric Company), Edward L. Eastham (Co-founder of predecessor Willamette Falls Electric Company)
- **Products:** Electric utility service, Peak Time Rebates, Smart Thermostat program, Green Future, Wheatridge Renewable Energy Facility
- **Notable:** Predecessor transmitted electricity 14 miles from Willamette Falls to Portland on June 3, 1889., Closed the Boardman coal plant in October 2020 under an agreement reached in 2010, twenty years before its previously contemplated operating horizon., Brought Wheatridge’s wind, solar and battery elements into operation across 2020-2022.

## Products & services

- **Electric utility service** — Electricity generation, wholesale purchasing, transmission, distribution and retail service in its Oregon service territory.
- **Peak Time Rebates** — Optional, free enrollment program paying $1 per kWh reduced below an event baseline during designated peak events; savings vary.
- **Smart Thermostat program** — Eligible thermostats automatically adjust during peak events; qualifying participants can earn enrollment and seasonal bill credits. Customers can override adjustments.
- **Green Future** — Voluntary renewable options for households and businesses, including renewable certificate matching and large-customer renewable procurement.
- **Wheatridge Renewable Energy Facility** — Integrated project with 300 MW of wind, 50 MW of solar and 30 MW of battery storage, developed with NextEra Energy Resources. Wind began operating in 2020; solar and storage followed in 2022.
- **Seaside battery** — 200 MW PGE-owned four-hour storage facility in North Portland, commercially operational in July 2025.
- **Online and mobile account tools** — Billing, account access, usage information and outage updates.

## Achievements

- Predecessor transmitted electricity 14 miles from Willamette Falls to Portland on June 3, 1889.
- Closed the Boardman coal plant in October 2020 under an agreement reached in 2010, twenty years before its previously contemplated operating horizon.
- Brought Wheatridge’s wind, solar and battery elements into operation across 2020-2022.
- Announced 475 MW across three four-hour battery facilities in August 2025.

## Latest updates

- **2026-10** — Scheduled third-quarter results and conference call for October 29; results were not yet published as of October 23.
- **2026-07** — Reported second-quarter GAAP net income of $68 million and 11.2% industrial load growth year over year. Said new large-load rates took effect July 8, increasing prices for data center and other new large-load customers by approximately 30% on average.
- **2026-06** — Oregon PUC approved PGE’s 2026-2028 wildfire mitigation plan with additional improvement recommendations.
- **2026-02** — Announced proposed acquisition of PacifiCorp Washington operations for a $1.9 billion base price with Manulife; approximately 140,000 customers would be added, subject to required approvals.
- **2025-08** — Announced three large battery facilities totaling 475 MW: Seaside 200 MW, Sundial 200 MW and Constable 75 MW.

## Links

- Website: https://portlandgeneral.com
- LinkedIn: https://www.linkedin.com/company/portland-general-electric
- Twitter/X: https://twitter.com/portlandgeneral
- YouTube: https://www.youtube.com/PortlandGeneralElec
- Instagram: https://www.instagram.com/portlandgeneral/
- Facebook: https://www.facebook.com/PortlandGeneralElectric/

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Published by YesPress — https://yespress.io
Last updated: 2026-10-23