Portland General Electric Co (NYSE: POR) is a vertically-integrated electric utility company that generates, transmits, distributes, and sells electricity at retail to customers in Oregon. Revenue comes from retail electricity sales at regulated rates set by the Public Utility Commission of Oregon (OPUC), with prices based on forecasted cost-to-serve and an approved rate of return. PGE also participates in wholesale electricity markets, buying and selling electricity, natural gas, and environmental credits to manage costs and fulfill retail load obligations. Incorporated in 1930 and headquartered in Portland, Oregon, the company operates as a single business segment on a total electric operations basis. It meets retail demand through a combination of company-owned generation assets, including wind, natural gas, and battery energy storage, and wholesale market power purchases. Rate regulation by the OPUC means returns are cost-based, a structure that caps upside but provides revenue predictability. PGE lists its common stock on the New York Stock Exchange.

Revenue model

Cost-based regulated retail electricity rates approved by the Oregon Public Utility Commission (OPUC), supplemented by wholesale electricity and natural gas market transactions.

Products and services

Retail electricity distribution and sales; electricity generation (wind, natural gas, battery energy storage); electricity transmission; wholesale electricity and natural gas purchases and sales; environmental credit trading.

Customers and end markets

Retail electricity customers in the state of Oregon, served within a state-approved service area. Customer classes not further detailed in the available filing excerpts.

Value-chain role

Vertically-integrated electric utility: generation, transmission, distribution, and retail sale of electricity to end customers.

Geographic exposure

Oregon, United States. Service area and retail operations confined to the state of Oregon as approved by the OPUC.

Source: SEC 10-K, filed 2026-02-17

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