Edition:
United States

Portland General Electric Co (POR.N)

POR.N on New York Stock Exchange

49.34USD
17 Nov 2017
Change (% chg)

$-0.13 (-0.26%)
Prev Close
$49.47
Open
$49.29
Day's High
$49.35
Day's Low
$48.88
Volume
188,231
Avg. Vol
205,315
52-wk High
$49.80
52-wk Low
$40.72

Latest Key Developments (Source: Significant Developments)

Portland General Electric reports Q3 EPS of $0.44
Friday, 27 Oct 2017 05:00am EDT 

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​.  Full Article

Portland General Electric signs bond purchase agreement with certain institutional buyers​
Thursday, 3 Aug 2017 05:43pm EDT 

Aug 3 (Reuters) - Portland General Electric Co ::Portland General Electric - ‍on aug 2, co and certain institutional buyers in private placement market entered into a bond purchase agreement​.Portland General Electric - under ‍agreement co would sell to buyers aggregate principal amount of $225 million of co's first mortgage bonds in two tranches​.Portland General Electric says ‍both series of bonds will bear interest from their issue date at an annual rate of 3.98 pct​.Portland General Electric - ‍first tranche of $75 million, with a maturity in 2048, was issued on august 2, 2017.Portland General Electric - second tranche of $150 million, with a maturity in 2047, is expected to be issued and funded on or about november 21, 2017.  Full Article

Portland General Electric says CEO to retire
Friday, 28 Jul 2017 08:00am EDT 

July 28 (Reuters) - Portland General Electric Co :Pge announces ceo succession plan.Pge announces ceo succession plan.Portland General Electric - Jim Piro, CEO notified board on July 26, 2017 of his decision to retire from Portland General Electric on Dec. 31.Portland General Electric-‍pope to assume role of co president on oct. 1, 2017, and role of CEO and member of board of directors effective Jan. 1, 2018​.  Full Article

Portland General Electric Q2 earnings per share $0.36 - SEC filing
Friday, 28 Jul 2017 06:22am EDT 

July 28 (Reuters) - Portland General Electric Co :Q2 earnings per share $0.36 - SEC filing.Quarterly revenues $449 million versus $428 million.Q2 earnings per share view $0.45, revenue view $465.7 million -- Thomson Reuters I/B/E/S.  Full Article

Portland General Electric says Q1 earnings per share $0.82
Friday, 28 Apr 2017 05:00am EDT 

April 28 (Reuters) - Portland General Electric Co :Portland General Electric announces first quarter 2017 results.Reaffirms FY 2017 earnings per share view $2.20 to $2.35.Q1 earnings per share $0.82.Reaffirming 2017 earnings guidance of $2.20 - $2.35 per share.Says reaffirming 2017 earnings guidance of $2.20 - $2.35 per share.Q1 earnings per share view $0.84 -- Thomson Reuters I/B/E/S.Qtrly revenues $530 million versus $487 million.Fy2017 earnings per share view $2.27 -- Thomson Reuters I/B/E/S.Qtrly total retail revenues $506 million versus $466 million.  Full Article

Portland General Electric increases dividend
Wednesday, 26 Apr 2017 05:41pm EDT 

April 26 (Reuters) - Portland General Electric Co -:Portland General Electric increases dividend.Portland General Electric Co - approved a 6.3 percent increase in regular quarterly common stock dividend to 34 cents per share.  Full Article

Workhorse Group Inc announced it has received letters of intent from fleets totaling 2,150 of workhorse W-15 electric pickup trucks
Tuesday, 7 Mar 2017 08:00am EST 

Workhorse Group Inc : Workhorse Group Inc - announced it has received letters of intent from fleets totaling 2,150 of workhorse W-15 electric pickup trucks . Workhorse - letters of intent from Duke Energy, Portland General Electric, City of Orlando, Southern California Public Power Authority, Clean Fuels Ohio .Workhorse - subject to development, regulatory approval and financing, once production commences, workhorse expects W-15 to have a $52,500 MSRP.  Full Article

Portland general electric Q2 earnings per share $0.42
Wednesday, 3 Aug 2016 05:05am EDT 

Portland General Electric Co : Portland general electric announces second quarter 2016 results . Q2 earnings per share view $0.43 -- Thomson Reuters I/B/E/S . Q2 earnings per share $0.42 . Reaffirms fy 2016 earnings per share view $2.05 to $2.20 . Estimates that total final capital expenditures for carty, including afdc, will be approximately $640 million to $660 million . Total revenues for q2, 2016 decreased $22 million compared to q2 2015 . Decrease in q2 eps was due to lower load from mild weather and an increase in common shares outstanding due to new shares issued Further company coverage: [POR.N] (Bengaluru Newsroom +91 80 6749-1130; within U.S. +1 646 223 8780).  Full Article

Portland General Electric Co declares dividend
Wednesday, 17 Feb 2016 06:08pm EST 

Portland General Electric Co:Declared a quarterly common stock dividend of 30 cents per share.Dividend is payable on or before April 15 to shareholders of record date as on March 25.  Full Article

Portland General Electric Co gives FY 2016 EPS guidance in line with analysts' estimates
Friday, 12 Feb 2016 05:00am EST 

Portland General Electric Co:Initiates FY 2016 earnings guidance of $2.20 to $2.35 per diluted share (EPS).FY 2016 EPS of $02.34 - Thomson Reuters I/B/E/S.  Full Article