PGE CEO blames inflation, infrastructure investments for proposed rate hikes in response to Wyden [Yahoo! Finance]
Portland General Electric Co (POR)
Last portland general electric co earnings: 4/24 05:00 am
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Source: Yahoo! Finance
The initial letter from Sen. Wyden comes as PGE customers have seen an over 40% increase in their electric bills since 2021. In his letter, which was sent to PGE on Nov. 25, Wyden asked for a breakdown of the factors leading to PGE's rate increases and what steps the company is taking to alleviate the energy bill costs for customers. Rising energy bills? How Oregon residents can save on utilities this winter season “For folks that are walking an economic tightrope, balancing food and medicine bills with electricity prices, the rising prices are unsustainable,” Wyden wrote. “My office is getting letters of concern that rising electricity rates are burdensome and make the cost of paying for basic necessities unaffordable.” The rate hikes include PGE's request to state regulators to approve a 7.4% rate increase in February, which was followed by an increased request to a 10.9% increase in July . PGE later requested a reduced rate hike of 6.3%. This increase followed an 18% rat
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News
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- Portland General Electric (NYSE: POR) had its price target lowered by analysts at KeyCorp from $52.00 to $51.00. They now have an "overweight" rating on the stock.MarketBeat
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- POR vs. CNP: Which Stock Is the Better Value Option? [Yahoo! Finance]Yahoo! Finance
POR
Earnings
- 10/25/24 - Beat
POR
Sec Filings
- 11/15/24 - Form 8-K
- 11/12/24 - Form SC
- 11/8/24 - Form 8-K
- POR's page on the SEC website