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Stock impact report

Red state coal towns still power the West Coast. We can't just let them die [Los Angeles Times (CA)]

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
dull and devoid of life, some pine trees and shrublands in the foreground with lazy blue skies extending up beyond the peaks. But the mounds aren't mountains. They're enormous piles of dirt, torn from the ground by crane-like machines called draglines to open paths to the rich coal seams beneath. And even though we're in rural southeastern Montana, more than 800 miles from the Pacific Ocean, West Coast cities are largely to blame for the destruction of this landscape. Workers at the Rosebud Mine load coal onto a conveyor belt, which carries the planet-wrecking fuel to a power plant in the small town next door. Plant operators in Colstrip burn the coal to produce electricity, much of which is shipped by power line to homes and businesses in the Portland and Seattle areas. It's been that way for decades. “The West Coast markets are what created this,” Anne Hedges says, as we watch a dragline move dirt. She sounds frustrated, and with good reason. Hedges and her fellow Montan Show less Read more
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