Portland General Electric Company (N:POR)
Business Focus: Electric Utilities
| Sector: Utilities | Industry: Electric Utilities |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1Wtc0501, 121 Sw Salmon St PORTLAND OR 97204 |
| Tel: | 1-503-4648073 |
| Website: | https://www.portlandgeneral.com |
| IR: | See website |
| Key People | ||
| Maria Macgregor Pope President, Chief Executive Officer, Director | Joseph R. Trpik Chief Financial Officer, Senior Vice President - Finance | Benjamin F. Felton Chief Operating Officer, Executive Vice President |
| M. Angelica Espinosa Senior Vice President, Chief Legal and Compliance Officer | Larry Neal Bekkedahl Senior Vice President - Strategy and Advanced Energy Delivery | John T. Kochavatr Vice President - Customer & Digital Solutions and Chief Information Officer |
| Anne F. Mersereau Vice President, Human Resources, Diversity, Equity and Inclusion | Brett M. Sims Vice President - Energy Supply | |
| Business Overview |
| Portland General Electric Company is an integrated energy company that generates, transmits and distributes electricity. The Company is engaged in the generation, wholesale purchase and sale, transmission, distribution, and retail sale of electricity to customers in the state of Oregon (State). The Company participates in the wholesale market through the purchase and sale of electricity and natural gas in an effort to obtain reasonably-priced power to serve its retail customers. The Company meets its retail load requirement with both Company-owned generation and power purchased on the wholesale market. The Company has five natural gas-fired generating facilities: PW1, PW2, Beaver, Coyote Springs Unit 1 (Coyote Springs), and Carty Generating Station (Carty). It owns and operates two wind farms, Biglow Canyon Wind Farm (Biglow Canyon) and Tucannon River Wind Farm (Tucannon River). Biglow Canyon is located in Sherman County, Oregon. Tucannon River is located in southeastern Washington. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Portland General Electric Company revenues increased 10% to $2.92B. Net income decreased 2% to $228M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was offset by Purchased power and fuel increase of 20% to $1.19B (expense), Depreciation and amortization increase of 10% to $458M (expense), Interest expense. |
| Employees: | 2,842 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $8,751M as of Dec 31, 2023 |
| Annual revenue (TTM): | $2,923M as of Dec 31, 2023 |
| EBITDA (TTM): | $854.00M as of Dec 31, 2023 |
| Net annual income (TTM): | $228.00M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$1,117M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $4,343M as of Dec 31, 2023 |
| Shares outstanding: | 101,221,118 as of Feb 20, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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