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BRIEF-Portland General Electric reports Q3 EPS of $0.44
October 27, 2017 / 9:18 AM / a month ago

BRIEF-Portland General Electric reports Q3 EPS of $0.44

Oct 27 (Reuters) - Portland General Electric Co

* Portland General Electric announces third quarter 2017 results

* Reaffirms FY 2017 earnings per share view $2.20 to $2.35

* Q3 earnings per share $0.44

* Q3 earnings per share view $0.38 -- Thomson Reuters I/B/E/S

* ‍settlement reached on all issues in 2018 general rate case​

* ‍company is reaffirming 2017 earnings guidance of $2.20-$2.35 per diluted share​

* PGE joined western energy imbalance market on Oct. 1​

* Q3 revenue $515 million versus $484 million year ago‍​

* Sees 2017 ‍depreciation and amortization expense between $340 million and $350 million​

* Sees 2017 ‍operating and maintenance costs between $555 million and $575 million​

* ‍PGE is engaged in bilateral negotiations with owners of existing regional resources to fill its capacity need​

* Following outcome of bilateral talks & waiver process, co may request approval from OPUC to issue RFPs for remaining capacity need​

* Since issuing IRP, co has identified potential benchmark wind resource that could have nameplate capacity of up to about 300 MW​ Source text for Eikon: Further company coverage:

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