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Stock impact report

Portland General Electric Announces First Quarter 2022 Results

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: PR Newswire
Continued strong energy deliveries and customer growth amid challenging cost pressuresIssued RFP shortlist results for renewable and non-emitting capacity resources with project selection targeted by the end of 2022Revising 2022 earnings guidance from $2.75 to $2.90 to $2.50 to $2.65 per diluted share, to reflect reductions to 2020 regulatory deferralsPORTLAND, Ore., April 28, 2022 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) today reported net income of $60 million, or $0.67 per diluted share, for the first quarter of 2022. This compares with a net income of $96 million, or $1.07 per diluted share, for the first quarter of 2021."We continued to see strong load growth and remain focused on serving customers with increasing amounts of clean energy and a smarter, more resilient grid." said Maria Pope, PGE president and CEO. "As a result of this week's rate case order from the Oregon Public Utility Commission, we recorded a reduction to our 2020 deferrals for wildfire re Show less Read more
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