PGE Asks OPUC to Review Customer Prices
PORTLAND, Ore. -- February 15, 2013
Portland General Electric Company (NYSE:POR) today asked the Oregon Public
Utility Commission to review the utility’s costs of providing service and
approve new customer prices to take effect in January 2014.
“PGE needs to make important investments in our system so we can continue to
deliver safe, reliable, sustainable power for our customers,” said PGE
President and Chief Executive Officer Jim Piro. “This includes long-term
investments to strengthen our infrastructure to better respond to outages and
Factors driving the request for an overall 6.2 percent increase include
improvements to existing power plants and wind forecasting, new Clackamas
River fish-sorting facilities, a disaster-preparedness center, technology
investments, employee benefit costs and new federal regulations.
PGE’s prices are set by the OPUC. Today’s announcement kicks off a 10-month
process designed to examine all PGE costs. OPUC staff, industrial and
residential customer groups and other interested parties participate in the
process and make recommendations to the commission on PGE’s proposal. An order
from the OPUC is expected in late 2013 for prices effective Jan. 1, 2014.
The impact of any price adjustment will vary among different classes of
customers and electricity usage.
PGE prices decreased approximately 2.2 percent in January 2013. The OPUC last
conducted a general review of PGE costs and prices in 2010.
About Portland General Electric Company: Portland General Electric,
headquartered in Portland, Ore., is a fully integrated electric utility that
serves approximately 829,000 residential, commercial and industrial customers
in Oregon. Visit our website at PortlandGeneral.com.
Brianne Hyder, 503-464-8442
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