PGE Resource Plan Lays Groundwork for Energy Future

  PGE Resource Plan Lays Groundwork for Energy Future

                      Focus is on customer-side measures

Business Wire

PORTLAND, Ore. -- March 27, 2014

Portland General Electric (NYSE:POR) today filed a new integrated resource
plan with the Oregon Public Utility Commission, building on its current plan
but calling for no major new power plants in the near term beyond those the
company now has under construction. Instead, the utility will work during the
next several years to continue development of customer-side resources that can
reduce demand through energy efficiency measures, manage peak demand periods,
and improve overall system flexibility.

“Planning to meet our customers’ needs is a continuous process for PGE,” said
Maria Pope, the company’s senior vice president for power supply and
operations and resource strategy. “Our current resource plan identified a need
for new generating resources as the right option to serve customers with the
best balance of cost and risk. The new resource plan will continue our
commitment to energy efficiency and customer-side measures that were also part
of the last plan.”

The new IRP calls for PGE to continue to work with customers, through the
Energy Trust of Oregon, to implement energy efficiency measures capable of
achieving approximately 124 average megawatts of additional energy demand
reductions by 2017. The plan also calls for an additional 25 megawatts of
demand response and an additional 23 megawatts of dispatchable standby
generation. For demand response, PGE works with customers through programs
that reduce demand during peak periods. In its dispatchable standby generation
program, PGE reaches agreements with commercial and industrial customers to
integrate their independent standby generators into PGE’s system, making them
available to help meet peak needs and enhance system reliability.

In addition, the new plan calls for several studies to help inform the next
planning cycle. In its next resource plan, PGE will need to make decisions
about the best mix of resources to achieve the next phase of Oregon’s
renewable energy standard, under which the company must meet 20 percent of
customer demand from qualifying renewable resources by 2020. The utility will
also need to find replacement resources for the generating capacity lost when
the Boardman Power Plant ceases using coal at the end of 2020.

The studies, identified with the help of customer and environmental advocates
as well as other stakeholder groups, include review of:

  *PGE’s load forecast methodologies;
  *Emerging energy efficiency technologies;
  *Potential business models for development of distributed solar generation;
  *Potential conversion of the Boardman Power Plant to run on biomass (an
    ongoing study);
  *Generation, operational and market-based solutions to address PGE’s
    dynamic capacity needs;
  *New analytical tools to optimize the joint use of flexible and variable
    generating resources; and
  *Longer-term natural gas supply options to protect customers against price
    volatility.

Under OPUC rules, investor-owned utilities like PGE are required to file new
resource plans periodically and seek acknowledgement of those plans from the
commission. The new plan includes an “action plan” detailing resource actions
through 2017 and a 20-year planning horizon forecasting general resource needs
through 2033. The plan is available online at PortlandGeneral.com/IRP.

About Portland General Electric Company: Portland General Electric,
headquartered in Portland, Ore., is a fully integrated electric utility that
serves approximately 836,000 residential, commercial and industrial customers
in Oregon. Visit our website at PortlandGeneral.com.

Contact:

Portland General Electric Company
Steve Corson, 503-464-8444
Brianne Hyder, 503-464-8442
 
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