Portland General Electric Announces Conclusion of the Review by the Special Committee of the Board of Directors
Portland General Electric Co (POR)
Last portland general electric co earnings: 4/24 05:00 am
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US:NYSE Investor Relations:
investors.portlandgeneral.com
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Source: PR Newswire
PORTLAND, Ore., Dec. 18, 2020 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) ("PGE" or the "Company") today announced the Special Committee of the Board of Directors concluded its independent review of the energy trading activity that led to the losses incurred in the third quarter. The Special Committee concluded that the trades were ill-conceived and revealed opportunities for improving the Company's energy trading policies and practices. Additionally, the Board of Directors concluded that the actions the Company began taking in August to enhance oversight of energy trading and associated risk management reporting, policies and practices are consistent with the Special Committee's recommendations and will be monitored by the Board of Directors through enhanced reporting. These actions will strengthen the Company and include: Added expertise: PGE brought in additional experienced risk management personnel and replaced the Power Operations general manager with a new int
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POR
Earnings
- 4/26/24 - Beat
POR
Sec Filings
- 4/26/24 - Form 8-K
- 4/26/24 - Form 10-Q
- 4/24/24 - Form 8-K
- POR's page on the SEC website