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Stock impact report

Natural Disasters Bring Out The Best In Utilities [Forbes]

Portland General Electric Co (POR) 
Last portland general electric co earnings: 4/24 05:00 am Check Earnings Report
US:NYSE Investor Relations: investors.portlandgeneral.com
Company Research Source: Forbes
Hurricane Helene made landfall Thursday night in Florida's Big Bend with winds up to 140 mph. (Photo by Sean Rayford/Getty Images) Getty Images After the two most recent hurricanes ravaged the United States, they left behind billions in damages and nearly 5 million customers without electricity. Customers often use their power companies as punching bags. However, those utilities prove their worth after natural disasters. Utilities prioritize safety, but once a crisis has passed, they quickly begin the cleanup process and work to restore power. This effort often involves “mutual assistance,” a program through which utilities borrow labor and equipment from other companies. Thanks to this collaboration, the areas most affected by Hurricanes Milton and Helene were able to recover within just a few days. “Mutual assistance is a hallmark of our industry,” says Maria Pope, the chief executive of Portland General Electric. “We help others, and they help us when we have issues: The in Show less Read more
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