Brief: Portland General Electric - Certain Stakeholder Groups Reached Settlement That Resolves Remaining Issues In PGE's General Rate Case

Portland General Electric Co

06/10/2023 22:19

Oct 6 (Reuters) - Portland General Electric Co  POR.N :
    * PORTLAND GENERAL ELECTRIC-CO,CERTAIN STAKEHOLDER GROUPS
REACHED
SETTLEMENT THAT RESOLVES REMAINING ISSUES IN PGE'S GENERAL RATE
CASE
    * PORTLAND GENERAL ELECTRIC - TERMS OF AGREEMENT AND
RESULTING
STIPULATION WERE SUBMITTED TO PUBLIC UTILITY COMMISSION OF
OREGON (OPUC) ON OCTOBER 6
    * PORTLAND GENERAL ELECTRIC CO - AFTER ADJUSTING FOR THE
EFFECTS
OF SETTLED ITEMS, PGE'S ADJUSTED ANNUAL REVENUE REQUIREMENT
INCREASE IS $391 MILLION
    * PORTLAND GENERAL ELECTRIC CO - PGE FILED ITS GENERAL RATE
CASE
BASED ON A 2024 TEST YEAR (2024 GRC) WITH OPUC ON FEBRUARY 15,
2023
    * PORTLAND GENERAL ELECTRIC CO - PGE'S INITIAL FILING
REQUESTED A
REVENUE REQUIREMENT INCREASE OF $340 MILLION
    * PORTLAND GENERAL ELECTRIC CO - AGREEMENT IN THE SETTLEMENT
CALLS
FOR CAPITAL STRUCTURE OF 50% DEBT AND 50% EQUITY, RETURN ON
EQUITY OF 9.5%

Further company coverage:  POR.N 

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