PORTLAND GENERAL ELECTRIC (POR)
Utilities · Regulated electric utilities · NYSE
A regulated Oregon electric utility serving 960,000 customers through a diversified portfolio of coal, natural gas, and renewable generation assets facing an energy transition.
What PORTLAND GENERAL ELECTRIC does
Portland General Electric (PGE) is a vertically-integrated electric utility operating as a cost-based regulated utility in Oregon, engaged in the generation, transmission, distribution, and retail sale of electricity to approximately 960,000 customers across a 4,000 square-mile service area. The company meets retail load requirements through both company-owned generation facilities and wholesale market purchases, managing risk through participation in wholesale electricity, natural gas, and environmental credit markets.
Themes: ["Regulated electric utility","Renewable energy integration (wind farms, battery storage)","Coal-to-clean energy transition","Wholesale power markets","Nuclear decommissioning","Oregon utility operations"]
Fundamentals
- Price$52.19 as of 2026-07-09 close
- Market cap$6.0B as of 2026-07-10
- 1-year return+27.6% as of 2026-07-09 close
- P/E23.99 as of 2026-07-10
- Net margin+7.2% as of 2026-07-10
- Gross margin+45.7% as of 2026-07-10
- ROE+6.3% as of 2026-07-10
- Debt / equity1.20 as of 2026-07-10
- Revenue growth (YoY)+0.4% as of 2026-07-10
- Revenue CAGR (3y)+10.5% SEC XBRL
- Beta0.54 as of 2026-07-10
Dividend: yield +4.2%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Regulatory risk: Revenue requirements and customer prices are determined by the Public Utility Commission of Oregon (OPUC) based on forecasted costs and rate of return approval, creating dependence on favorable regulatory treatment","Commodity price volatility: The company participates in wholesale electricity and natural gas markets to serve retail customers and manage risk, exposing it to fluctuating energy prices","Transition and capital intensity: Coal plant retirement (Colstrip) and ongoing renewable energy integration require significant capital expenditures, with regulatory cost recovery dependent on OPUC approval"]
Competitors & peers
- PacifiCorp (PPWWX - private/Berkshire subsidiary)
- Avista Corporation (AVA)
- NorthWestern Energy (NWE)
- Puget Sound Energy (private)
- Idaho Power (private/Berkshire subsidiary)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.