POR 📈 Portland General Electric - Overview

Portland General Electric Company is a multifaceted electric utility entity that undertakes a broad range of activities, including the generation, wholesale purchase, transmission, distribution, and retail sale of electricity, catering to the needs of the state of Oregon. Its operational infrastructure comprises six thermal plants, which provide a significant portion of its power generation capabilities, as well as three wind farms that contribute to its renewable energy portfolio. Additionally, the company operates seven hydroelectric facilities, which not only generate electricity but also play a crucial role in managing water resources. This diversified energy mix enables Portland General Electric to maintain a reliable and efficient supply of electricity to its customers.

The company's transmission system is extensive, consisting of 1,254 circuit miles of high-voltage lines, including 287 circuit miles of 500 kilovolt line, 413 circuit miles of 230 kilovolt line, and 554 miles of 115 kilovolt line. This complex network is designed to ensure the efficient transmission of electricity from its generation facilities to its distribution centers. As of December 31, 2023, Portland General Electric served approximately 934 thousand retail customers across 51 cities, underscoring its significant presence in the Oregon electricity market. Furthermore, its distribution infrastructure includes 28,868 circuit miles of lines, which are essential for delivering electricity directly to homes, businesses, and industries.

With a history dating back to 1889, Portland General Electric Company has established itself as a stalwart in the electric utility sector. Headquartered in Portland, Oregon, the company has evolved over the years to adapt to changing energy landscapes, technological advancements, and shifting customer needs. Its commitment to providing reliable, efficient, and sustainable energy solutions is reflected in its operations and strategic planning. For more information, the company's official website can be accessed at https://www.portlandgeneral.com, and its stock is traded on the New York Stock Exchange under the ticker symbol POR, with the ISIN code US7365088472, classified as a common stock within the Electric Utilities sub-industry.