| Market Capitalization (Millions $) |
5,733 |
| Shares
Outstanding (Millions) |
116 |
| Employees |
2,877 |
| Revenues (TTM) (Millions $) |
3,534 |
| Net Income (TTM) (Millions $) |
257 |
| Cash Flow (TTM) (Millions $) |
-48 |
| Capital Exp. (TTM) (Millions $) |
1,228 |
Business Description
Portland General Electric (PGE) is an electric utility company based in Portland, Oregon. It provides electricity to more than 900,000 residents in Oregon. PGE was founded in 1888 by Parker, Adolph and William Woodward and was initially called Portland Electric Power Company.
PGE owns and operates a diversified mix of generation facilities, including hydroelectric, coal, natural gas, wind, and solar. It has a total capacity of approximately 3,937 megawatts (MW) of electricity. PGE buys and sells electricity through a regional energy trading marketplace and maintains more than 1,300 miles of transmission lines, 30,000 miles of distribution lines, and 76 substations.
The company has a strong commitment to renewable energy and has set a goal of supplying its customers with 100% clean energy by 2040. PGE has already invested in wind, solar, and hydroelectric power projects in Oregon and Washington, and plans to continue to expand its renewable energy portfolio.
PGE is a publicly traded company and is listed on the New York Stock Exchange (NYSE) under the ticker symbol PGN. It has approximately 3,000 employees and has been recognized for its commitment to customer service and community involvement. PGE supports local charities and non-profit organizations through its corporate philanthropy program.
In recent years, PGE has faced criticism from environmental groups for its reliance on fossil fuels and its involvement in the construction of a new natural gas plant. However, the company has responded by announcing plans to phase out coal-fired power by 2030 and to transition to clean energy sources.
In summary, Portland General Electric is a major electric utility company in the Pacific Northwest with a diverse mix of generation facilities and a commitment to renewable energy. It serves more than 900,000 residents in Oregon and has a strong focus on customer service and community involvement.
Company Address: 121 SW Salmon Street Portland 97204 OR
Company Phone Number: 464-8000 Stock Exchange / Ticker: NYSE POR
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