Portland General Electric announces acquisition of Washington state utility operations and select assets from PacifiCorp
Portland General Electric (PGE) has reached an agreement to acquire select Washington state generation, transmission, and electric utility operations from PacifiCorp for $1.9 billion. This acquisition will extend PGE's services to approximately 140,000 Washington customers, including three generation facilities and 4,500 miles of transmission and distribution lines. PGE plans to manage these operations as a separate company, retaining current employees and honoring existing labor agreements.
Portland General Electric Prices $480M Common Stock Offering
Portland General Electric (PGE) has priced an underwritten public offering of 9,467,455 shares of its common stock at $50.70 per share, aiming to raise $480 million. The utility plans to use the net proceeds for general corporate purposes and significant investments in renewable energy and non-emitting dispatchable capacity, supporting its goal to reduce retail power supply emissions by 80% by 2030 and 100% by 2040. This capital raise is crucial for financing infrastructure upgrades and new clean energy projects to meet customer demand.
Portland General Electric Company Announces Pricing of a Public Offering of 9,467,455 Shares of Common Stock
Portland General Electric Company (PGE) announced the pricing of a public offering of 9,467,455 shares of its common stock at $50.70 per share, through underwritten forward sale agreements with Wells Fargo Bank and Bank of America. The offering is expected to close on February 19, 2026, and the net proceeds will be used for general corporate purposes, including investment in renewable energy and repayment of indebtedness. The underwriters also have a 30-day option to purchase up to 1,380,670 additional shares.
Latham Advises Portland General Electric on US$1.9 Billion Acquisition of PacifiCorp's Washington State Operations
Latham & Watkins LLP advised Portland General Electric Company (NYSE: POR) on its US$1.9 billion agreement to acquire select Washington State generation, transmission, and electric utility operations from PacifiCorp. The acquisition includes three generation facilities, 4,500 miles of lines, and local utility operations across 2,700 square miles. A multidisciplinary Latham team, led by partners Michael Sullivan and Ryan Maierson, provided comprehensive legal advice for the transaction.
Why PGE and PacifiCorp struck a $1.9B acquisition deal and what it could mean
Portland General Electric (PGE) announced a significant $1.9 billion acquisition deal with PacifiCorp, a subsidiary of Berkshire Hathaway. This transaction includes the purchase of the 94-megawatt Goodnoe wind power plant and two phases of the Marengo wind power plant, totaling 234 megawatts. Further details of the potential implications of this acquisition are eagerly anticipated.
Portland General to Buy PacifiCorp’s Washington Assets for $1.9 Billion
Portland General Electric is set to acquire PacifiCorp's wind, natural-gas generation, and distribution assets in Washington state for $1.9 billion. Manulife Investment Management will back the deal and hold a minority stake. The acquisition includes three generation facilities, extensive transmission and distribution lines, and operations serving approximately 140,000 customers.
Portland General to Buy PacifiCorp’s Washington Assets for $1.9 Billion
Portland General Electric announced a deal to acquire PacifiCorp's wind, natural-gas generation, and distribution assets in Washington state for $1.9 billion. This acquisition includes three generation facilities, 4,500 miles of transmission lines, and operations serving about 140,000 customers. The sale is crucial for PacifiCorp, a unit of Berkshire Hathaway, to boost its financial stability and streamline operations amidst significant wildfire litigation claims.
PORTLAND GENERAL ELECTRIC CO /OR/ SEC 10-K Report
Portland General Electric Co (PGE) has issued its 2025 Form 10-K report, detailing financial performance, business operations, and strategic initiatives. The report highlights an increase in total revenues and income from operations, driven by retail energy deliveries, and outlines PGE's commitment to decarbonization, grid reliability, and renewable energy expansion. Despite financial growth, PGE faces challenges such as regulatory changes, market competition, environmental compliance, and wildfire risks within its exclusive Oregon service area.
PGE will expand to Washington state, acquiring swath of PacifiCorp territory
Portland General Electric (PGE) announced its acquisition of most of PacifiCorp’s utility assets in Washington for $1.9 billion, including two wind farms, a natural gas plant, and service to 140,000 customers. This deal will expand PGE's customer base by 15% and simplify PacifiCorp's operations, helping it stabilize financially amid wildfire liabilities. PGE is partnering with Manulife Infrastructure Fund III L.P. to finance the acquisition, which is expected to be additive to earnings in its first year.
Portland General Electric: Q4 Earnings Snapshot
Portland General Electric (POR) reported a profit of $41 million, or 36 cents per share, in its fourth quarter, with adjusted earnings of 47 cents per share. The company posted quarterly revenue of $889 million and full-year profit of $306 million on revenue of $3.58 billion. Portland General Electric anticipates full-year earnings between $3.33 and $3.53 per share.
Portland General Electric announces acquisition of Washington state utility operations and select assets from PacifiCorp, 2025 financial results and initiates 2026 earnings guidance
Portland General Electric (PGE) announced an agreement to acquire select Washington state utility operations and assets from PacifiCorp for $1.9 billion, partnering with Manulife Investment Management. This acquisition aims to expand PGE's service to approximately 140,000 Washington customers, with expected accretion in the first full year post-closing and enhanced long-term EPS and dividend growth. Additionally, PGE reported its 2025 financial results, with GAAP diluted EPS of $2.77 and non-GAAP adjusted diluted EPS of $3.05, and initiated its 2026 adjusted earnings guidance of $3.33 to $3.53 per diluted share, reaffirming its long-term growth targets. The company also detailed new solar and battery hybrid projects to meet growing demand, especially from high-tech and data center customers.
Portland General Electric revises date and time for earnings release and conference call to Tuesday, February 17 at 8am ET
Portland General Electric (NYSE: POR) has announced a revised schedule for its fourth quarter and full-year 2025 earnings conference call and webcast. The event will now take place on Tuesday, February 17, 2026, at 8:00 a.m. ET, replacing the previously scheduled call on February 20. The company plans to release its financial results before markets open on February 17.
Portland General’s Distribution Plan Settlement Could Be A Game Changer For Portland General Electric (POR)
Portland General Electric (POR) recently settled its Distribution System Plan Alternative Recovery Mechanism, submitting it to the Oregon Public Utility Commission. This regulatory development has led to mixed analyst reactions, with one firm downgrading the stock while another maintained an optimistic outlook, highlighting the sensitivity of PGE's future to regulatory clarity and cost recovery. The settlement's impact on recovering capital costs for grid modernization and clean energy investments will be crucial for shareholder returns, especially as the company plans multiple equity offerings.
Yamhill Carlton School District cancel classes Thursday due to power outage
The Yamhill Carlton School District canceled classes on Thursday, February 12, due to a power outage. The district communicated this decision via social media, stating that they had not received an official confirmation for power restoration. As of 9:30 a.m. PST, power was estimated to be restored by 12:45 p.m., with the cause of the outage still under investigation by Portland General Electric.
Allianz Asset Management GmbH Has $2.33 Million Stock Holdings in Portland General Electric Company $POR
Allianz Asset Management GmbH significantly reduced its stake in Portland General Electric Company (NYSE:POR) by 72.8% in the third quarter, bringing its total holdings to 52,988 shares valued at $2.33 million. Despite this reduction, other institutional investors like ATLAS Infrastructure Partners UK Ltd., State Street Corp, Massachusetts Financial Services Co. MA, Geode Capital Management LLC, and Invesco Ltd. increased their positions in the utilities provider. The company's stock shows a market cap of $5.81 billion and a "Hold" consensus rating from analysts.
Portland General Electric stock hits 52-week high at $51.66 By Investing.com
Portland General Electric (POR) stock has reached a new 52-week high of $51.66, reflecting a strong 28.23% one-year total return and investor confidence. The company maintains a "GOOD" financial health score and has consistently raised its dividend for 20 years, though its stock appears slightly overvalued compared to its Fair Value. Recent regulatory activities and varied analyst ratings highlight ongoing developments for the utility company.
Legislation could impact energy costs, utility operations in Oregon
The Oregon legislature is deliberating several bills that could significantly affect energy costs and utility operations. Proposed legislation includes allowing homeowners to finance energy-efficient products through their power companies, mandating the development of virtual power plants, permitting utilities to self-insure, and adjusting winter rate increase policies for certain utilities. These bills aim to make renewable energy more accessible, enhance grid resilience, manage rising insurance costs for utilities, and clarify existing legislation.
Portland General Electric stock price target lowered to $42.50 at Ladenburg By Investing.com
Ladenburg Thalmann has decreased its price target for Portland General Electric (NYSE:POR) to $42.50 from $43.00, maintaining a Sell rating due to ongoing regulatory proceedings, including a $10 million customer refund offer by the company. Regulatory staff have counter-proposed significantly higher refunds, and major parties oppose the company's proposed Transmission Company (Transco). This decision comes despite the company's "GOOD" financial health according to InvestingPro data, and amidst mixed analyst perspectives and recent settlement agreements on other regulatory matters.
Portland General Electric stock price target lowered to $42.50 at Ladenburg
Ladenburg Thalmann lowered its price target on Portland General Electric Company (NYSE:POR) to $42.50 from $43.00, maintaining a Sell rating, due to ongoing regulatory proceedings and a proposed customer refund. This contrasts with other analysts like BTIG, which reiterated a Buy rating, and BMO Capital, which maintained a Market Perform rating. The regulatory challenges and varied analyst perspectives highlight the mixed financial outlook for Portland General Electric.
Portland General Electric Company (POR): A Bull Case Theory
This article summarizes a bullish thesis on Portland General Electric Company (POR) by Serhio MaxDividends. The company, a regulated electric utility in Oregon, is benefiting from rising power demand driven by data centers and semiconductor manufacturers, and is investing heavily in infrastructure and clean energy. POR also offers a stable dividend, making it an attractive investment combining income stability with growth potential.
Is Portland General Electric (POR) Pricing In Its Recent 1-Year Share Price Strength?
Portland General Electric (POR) has delivered significant returns over the past year, prompting an evaluation of its current share price. Using a Dividend Discount Model, the stock appears fairly valued with a modest intrinsic discount, while a Price-to-Earnings analysis suggests it is undervalued compared to industry and peer averages. The article encourages investors to use "Narratives" on Simply Wall St to personalize valuation based on their own assumptions and expectations for the company.
Assessing Portland General Electric (POR) Valuation After Fresh Analyst Target Upgrades
Recent analyst upgrades for Portland General Electric (POR) have highlighted its valuation, with BTIG reiterating a buy rating and Wells Fargo lifting its target ahead of FY 2025 results. While the company has seen favorable share price returns, Simply Wall St's analysis suggests POR is 1% overvalued based on a fair value of $49.67 compared to its $50.25 share price. However, differing views exist, with market ratios indicating it might be cheaper than peers.
Assessing Portland General Electric (POR) Valuation After Fresh Analyst Target Upgrades
BTIG and Wells Fargo have upgraded price targets for Portland General Electric (POR) ahead of its FY 2025 results, reflecting growing momentum as the stock has seen a 10.0% 90-day share price return and a 28.09% 1-year total shareholder return. Despite being considered 1% overvalued by some metrics, its P/E ratio of 18.7x is cheaper than its peer average, suggesting potential value. Investors are encouraged to assess the detailed forecasts and potential risks, such as regulatory decisions and lawsuit outcomes, to determine if the stock presents a buying opportunity.
Portland General Electric (POR) Price Target Raised to $49
Wells Fargo has raised its price target for Portland General Electric (NYSE: POR) from $45 to $49, while maintaining an 'Equal Weight' rating. This decision comes as the utility company is expected to release its FY 2025 results on February 20, forecasting adjusted earnings per diluted share between $3.13 and $3.33. The company also projects long-term EPS and dividend growth of 5% to 7% and an overall long-term growth of 3% through 2029, offering an attractive annual dividend yield of 4.16%.
Portland General Electric (POR) Price Target Raised to $49
Wells Fargo has raised its price target for Portland General Electric (POR) stock from $45 to $49, while maintaining an 'Equal Weight' rating. Although the utility is moving in the right direction, analysts believe it needs more time to fully realize its value. The company, which offers a 4.16% dividend yield and saw its stock surge over 19% in the last year, is expected to announce its FY 2025 results on February 20.
Portland General Electric schedules earnings release and conference call for Friday, February 20
Portland General Electric Company (NYSE: POR) has announced its plan to host an analyst conference call and webcast on Friday, February 20, at 11 a.m. ET to discuss its fourth-quarter and full-year 2025 financial results. The company will release its earnings summary before U.S. financial markets open on the same day. The call will be led by CEO Maria Pope, CFO Joe Trpik, and Investor Relations Manager Nick White, with webcast details available on their investor website.
Portland General Electric Schedules Earnings Release And Conference Call For Friday, February 20
Portland General Electric (POR) has announced that its earnings release and a subsequent conference call are scheduled for Friday, February 20. This brief article, sourced from Reuters, provides essential information for investors and interested parties regarding the company's upcoming financial disclosure.
Portland General Electric price target raised to $49 from $45 at Wells Fargo
Wells Fargo has increased its price target for Portland General Electric (POR) to $49 from $45, while maintaining an Equal Weight rating on the shares. The firm acknowledges the company's progress but suggests that the full realization of its value will take an extended period. Consequently, shares might remain range-bound until significant catalysts emerge.
Nordea Investment Management AB Grows Stock Holdings in Portland General Electric Company $POR
Nordea Investment Management AB significantly increased its stake in Portland General Electric (NYSE:POR) by 25.4% during the third quarter, now owning 1,605,974 shares valued at approximately $70.52 million. This move makes Nordea Investment Management AB one of the largest institutional investors, holding about 1.47% of the company. Other hedge funds also adjusted their positions in Portland General Electric, which recently reported Q3 EPS of $1.00 (beating estimates) and announced a quarterly dividend of $0.525.
Oregon electric utilities have strict green-power deadlines. They’re way off track.
Oregon's two largest electric utilities, Portland General Electric and PacifiCorp, are significantly behind schedule in meeting stringent state mandates to cut greenhouse gas emissions by 80% by 2030 and 100% by 2040. Despite having plans, observers note their progress is slow and heavily backloaded, relying on an unprecedented buildout of new generation and transmission assets right before deadlines. Challenges include surging energy demand from data centers, increased costs for renewables due to inflation and tariffs, permitting roadblocks for transmission lines, and the potential termination of federal tax credits, making compliance difficult and potentially very expensive for ratepayers.
Portland General Electric Co. (NYSE:POR) Shows High Technical and Setup Ratings for Potential Breakout
Portland General Electric Co. (NYSE:POR) has been identified as a strong candidate for a potential breakout, according to ChartMill's technical analysis. The stock boasts a high ChartMill Technical Rating of 7, indicating a clear uptrend and outperformance in its industry, combined with an excellent Setup Quality Rating of 9, signaling a constructive consolidation pattern. This suggests a potential entry point for investors using a specific trading plan detailed in the article, with clear support and resistance levels for risk management.
Portland General Electric Company $POR Shares Acquired by SG Americas Securities LLC
SG Americas Securities LLC significantly increased its stake in Portland General Electric (NYSE:POR) by 143.8% during the third quarter, now holding 88,381 shares valued at $3.89 million. This news follows Portland General Electric's recent Q3 earnings report, where the company beat EPS estimates but slightly missed revenue expectations, and announced a quarterly dividend of $0.525. The stock currently has a consensus "Hold" rating from analysts with a target price of $47.58.
Oregon lawmaker, Multnomah County warn ICE agents are posing as utility workers
Oregon State Representative Ricki Ruiz and Multnomah County officials have warned residents that ICE agents are reportedly posing as utility workers from NW Natural and Portland General Electric to gain access to homes. Both utility companies have issued their own scam warnings, advising customers on how to identify legitimate workers and report suspicious activity. The Department of Homeland Security, which oversees ICE, denies these claims, stating that ICE officers do not impersonate utility workers.
ICE posing as utility workers to detain immigrants, Gresham lawmaker warns
Oregon State Representative Ricki Ruiz has warned that ICE agents are posing as utility workers to detain immigrants in his Gresham district, leading to three detentions. In response, NW Natural and Portland General Electric are issuing guidance to customers on how to identify their legitimate employees. Ruiz plans to introduce legislation to support lawsuits against federal agents who enter homes without warrants and to prevent ICE agents from wearing masks.
ICE officers impersonating utility workers, Oregon lawmaker says
An Oregon lawmaker reported that ICE agents are allegedly impersonating utility workers to apprehend individuals, leading NW Natural to issue a public notice on how to identify its employees. Rep. Ricki Ruiz highlighted an incident where an individual was taken after being asked to come out of their home by agents posing as utility workers. Both NW Natural and Portland General Electric have issued advisories, urging customers to verify identities and call authorities if they suspect imposters.
PGE’s Tree Work: Safety and Reliability
This article details Portland General Electric's (PGE) extensive tree trimming and vegetation management efforts, often in partnership with Asplundh Tree Expert LLC, aimed at enhancing power supply reliability and mitigating wildfire risks. Prompted by the 2020 Labor Day wildfires, PGE has intensified its Advanced Wildfire Risk Reduction Program, which includes year-round patrols and a sophisticated Enhanced Powerline Safety Settings (EPSS) system, to prevent power lines from causing ignitions, especially during high-risk conditions. The company prioritizes collaboration and education with property owners regarding tree assessments and removals.
2 new Oregon solar projects deliver energy to PGE, Intel
Two new solar projects in Wasco County, Oregon, developed by Avangrid under Portland General Electric's Green Future Impact program, are now delivering energy to PGE and Intel. This initiative expands on previous collaborations between Intel, PGE, and Avangrid to increase solar energy capacity in Oregon.
With A Return On Equity Of 7.7%, Has Portland General Electric Company's (NYSE:POR) Management Done Well?
Portland General Electric Company (NYSE:POR) currently has a Return on Equity (ROE) of 7.7%, which is in line with the Electric Utilities industry average. While the company's ROE isn't particularly high, it's important to consider its debt-to-equity ratio of 1.29, as high debt can boost ROE but increase financial risk. The article suggests that while a higher ROE without significant debt indicates a high-quality business, Portland General Electric's current position warrants further consideration of its debt levels and profit growth expectations.
Portland General Electric stock: Quiet grid player, noisy market expectations
Portland General Electric (POR) stock is currently trading in a low-volume holiday lull, navigating decarbonization, rate pressure, and investor patience. The stock shows modest capital gains and income for investors over the past year, reflecting its nature as a regulated utility. Wall Street analysts generally hold a neutral to mildly positive view, with price targets modestly above current levels, indicating it's a solid, but not speculative, investment.
BTIG Reaffirms Their Buy Rating on Portland GE (POR)
BTIG analyst Alex Kania has reiterated a Buy rating on Portland GE (POR) with a price target of $52.00. Kania is a 2-star analyst with a 1.4% average return and 32.56% success rate, according to TipRanks. The analyst consensus for Portland GE is currently a Hold, with an average price target of $46.70.
The Truth About Portland General Electric: Quiet Utility Stock That Might Actually Be a Cheat Code
Portland General Electric (POR) is presented as a quiet utility stock that, despite its boring image, offers long-term investment potential. The article highlights its steady stock performance, consistent dividends, and a strategic pivot towards clean energy and grid modernization. While not a viral or high-growth stock, POR is positioned as a stable, defensive asset for investors looking for predictable income and slow-burn upside in the evolving energy sector.
The Truth About Portland General Electric: Quiet Utility Stock That Might Actually Be a Cheat Code
Portland General Electric (POR) is presented as a "boring" utility stock with hidden potential due to its steady cash flow, consistent dividends, and a significant clean-energy pivot. While not a flashy "meme stock," its focus on renewables and grid modernization in a climate-conscious region could make it a solid long-term investment for stability and income, rather than quick gains. The article argues that its quiet nature might be its strength in a volatile market.
Portland General Electric stock gets Buy rating reiterated by BTIG
BTIG has reiterated its Buy rating and a $52.00 price target for Portland General Electric Company (NYSE:POR) stock, citing progress in regulatory processes. The company reached a settlement on its distribution investment recovery mechanism, addressing a key regulatory uncertainty. Other analysts, including BMO Capital, Ladenburg Thalmann, Jefferies, and Mizuho, have issued varied ratings and price targets, reflecting diverse perspectives on the company's strategic and regulatory position.
Portland General Electric stock gets Buy rating reiterated by BTIG
BTIG has reiterated its Buy rating and a $52.00 price target for Portland General Electric Company (NYSE:POR), citing significant progress in regulatory processes. The utility recently settled on its distribution investment recovery mechanism, addressing key concerns that contributed to its discounted multiple. While other firms have offered diverse perspectives, including BMO Capital maintaining a Market Perform rating and Ladenburg Thalmann downgrading to Sell, BTIG views the settlement as a crucial step forward for the company.
Portland General Electric Submits Stipulation for Distribution System Plan
Portland General Electric (NYSE:POR) submitted a stipulation to the OPUC for its Distribution System Plan on December 23, 2025. This stipulation resolves most issues related to the plan, excluding the earnings test, and includes a $218 million rate base increase, a 9.34% ROE, and an annual revenue requirement increase of $57 million. The OPUC's decision is anticipated by March 2026, with new prices taking effect in April 2026.
PGE, Tribes replace valves at Round Butte Hydropower Dam
Portland General Electric and the Confederated Tribes of Warm Springs are undertaking a major project to replace aging turbine shutoff valves at the Round Butte Hydroelectric Facility. These critical valves, essential for controlling water flow and ensuring safe operation, were originally installed in 1964. The $55 million project, which began construction in July 2025, is expected to extend the facility's life, support local jobs, and ensure the continued generation of 350 megawatts of electricity.
Strong winds could cause power outages on Christmas Eve in Oregon, PGE warns
Utility companies and emergency officials in Oregon are warning about potential power outages on Christmas Eve due to strong winds. The National Weather Service forecasts gusts of 30-45 mph in the Willamette Valley and 55-70 mph along the coast, urging residents to prepare for possible disruptions and offering safety tips for downed power lines and travel. Portland General Electric (PGE) has stated they are ready to respond with adequate staffing to restore service if outages occur.
PGE Urges Customers To Prepare For Possible Power Outages Ahead Of Strong Christmas Eve Windstorm
Portland General Electric (PGE) is advising customers to prepare for potential power outages due to a significant windstorm expected to hit the region on Christmas Eve. The storm, with sustained winds of 20-45 mph and gusts up to 65 mph, is forecast to impact PGE's entire service area. PGE has staffed crews and staged materials for quick power restoration and recommends customers assemble outage kits and prioritize safety around downed power lines and generators.
Portland General Electric To Go Ex-Dividend On December 22nd, 2025 With 0.525 USD Dividend Per Share
Portland General Electric (POR.US) is scheduled to go ex-dividend on December 22nd, 2025, with a dividend of 0.525 USD per share. Shareholders of record on this date will receive the dividend payment on January 15th, 2026. The article also provides general definitions of cash and stock dividends.
Portland General Electric (POR) Valuation Check After New Groundwater Contamination Lawsuit in Oregon
Portland General Electric (POR) is facing a new groundwater contamination lawsuit in Oregon, which could affect how investors view its long-term risk. Despite this, the stock has shown positive returns over the past year, trading slightly above analyst targets. The article suggests POR is currently 1% overvalued, with a fair value of $48.67, but notes the market's price-to-earnings ratio offers some cushion.
