Not to be confused with Pacific Gas and Electric Company (PG&E).
Portland General Electric Company
Company type
Public company
Traded as
NYSE: POR
S&P 400 component
Industry
Public utility
Founded
1888; 136 years ago (1888)
Headquarters
Portland, Oregon, U.S.
Products
Electric power
Revenue
US$1.9 billion (2015)[1]
Operating income
US$0.3 billion (2015)[1]
Net income
US$0.2 billion (2015)[1]
Total assets
US$7.2 billion (2015)[1]
Total equity
US$2.3 billion (2015)[1]
Number of employees
2,646 (2016)[2]
Website
portlandgeneral.com
Portland General Electric (PGE) is a Fortune 1000 public utility based in Portland, Oregon. It distributes electricity to customers in parts of Multnomah, Clackamas, Marion, Yamhill, Washington, and Polk counties – 44% of the inhabitants of Oregon. Founded in 1888 as the Willamette Falls Electric Company, the company has been an independent company for most of its existence, though was briefly owned by the Houston-based Enron Corporation from 1997 until 2006 when Enron divested itself of PGE during its bankruptcy.
Notably, PGE does not serve all of Portland. Its service territory comprises most of Portland west of the Willamette River, sharing most of the city east of the river with Pacific Power.
PGE produces and purchases energy primarily from coal and natural gas plants, as well as hydroelectric power from dams on the Clackamas, Willamette and Deschutes rivers.[3] Between 1976 and 1993, PGE operated Trojan, the only nuclear power plant in Oregon. Trojan was the subject of three Oregon initiatives to shut it down. The initiatives failed, but the company elected to close the plant twenty years early.
^ abcde"Financial Statements for Portland General – Morningstar". Morningstar.com. 2015-12-31. Retrieved 2016-11-06.
^"Portland General Annual Report". 2015-12-31. Retrieved 2016-11-06.
^"Corporate Information: How We Generate Energy | PGE". Archived from the original on 2009-10-11. Retrieved 2009-10-09.
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Global Information
US$7.2 billion (2015)[1]