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Stock impact report

PGE joins Grid United and ALLETE in 3,000 megawatt east-west transmission line [Yahoo! Finance]

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: Yahoo! Finance
PGE access to new, diverse resources and bolstering reliability for customers. PORTLAND, Ore. May 28, 2024 /PRNewswire/ -- Portland General Electric (NYSE: POR) today signed a non-binding memorandum of understanding with Grid United and ALLETE, Inc. (NYSE: ALE) in the development of the North Plains Connector, an approximately 415-mile high-voltage direct-current (HVDC) transmission line to be constructed with endpoints near Bismarck, North Dakota and Colstrip, Montana . The parties will now work to finalize definitive agreements regarding PGE's participation, which is expected to involve a 20% ownership share of the project. The North Plains Connector will be the nation's first HVDC transmission connection among three regional U.S. electric energy markets - the Midcontinent Independent System Operator, the Western Interconnection and the Southwest Power Pool - providing additional flexibility and the sharing of resources across multiple time zones. "The North Plains Connector i Show less Read more
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