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4-Traders Homepage  >  Equities  >  Nyse  >  Portland General Electric Company    POR

Delayed Quote. Delayed  - 07/29 10:02:20 pm
43.67 USD   -0.05%
07/27 PORTLAND GENERA : Declares Dividend
07/06 BRIEF : Gresham crash takes out power for thousands
07/06 PORTLAND GENERA : Schedules Earnings Release and Conference Call for..
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PORTLAND GENERAL ELECTRIC CO /OR/ : Other Events (form 8-K)

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07/29/2016 | 10:15pm CEST

Item 8.01 Other Events.

On July 29, 2016, Portland General Electric Company (PGE or Company) placed into service its Carty Generating Station (Carty), a 440 MW baseload natural gas-fired generating plant in Eastern Oregon, located adjacent to the Boardman coal plant. As previously approved by the Public Utility Commission of Oregon (OPUC) in connection with the Company's 2016 General Rate Case, a price increase is expected to become effective August 1, 2016 for recovery of the revenue requirement for Carty's capital and operating costs, based on $514 million of capital costs, including AFDC. PGE currently estimates the total cost of Carty will range from $640 million to $660 million, including AFDC.

The Company will provide additional information regarding its strategy for recovering the incremental capital costs in excess of the OPUC approved amount, as well as the status of various legal matters associated with the Carty project, in its Quarterly Report on Form 10-Q for the quarter ended June 30, 2016, which will be filed with the Securities and Exchange Commission on August 3, 2016, as well as in its quarterly earnings conference call scheduled for 11:00 am ET on August 3, 2016.

Information Regarding Forward-Looking Statements This current report includes forward-looking statements. PGE based these forward-looking statements on its current expectations about future events in light of information available to the Company on the date of this current report and the Company's current assumptions about future circumstances. Forward-looking statements include statements regarding the total estimated costs of Carty. Investors are cautioned that any such forward-looking statements are subject to certain risks and uncertainties. As a result, actual results may differ materially from those projected in the forward-looking statements. All forward-looking statements included in this report speak only as of the date hereof and the Company assumes no obligation to update any such forward-looking statement.

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© Edgar Online, source Glimpses

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Latest news on PORTLAND GENERAL ELECTRIC
07/29 PORTLAND GENERAL ELECTRIC CO /OR/ : Other Events (form 8-K)
07/27 PORTLAND GENERAL ELECTRIC : Declares Dividend
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Financials ($)
Sales 2016 1 968 M
EBIT 2016 335 M
Net income 2016 191 M
Debt 2016 1 946 M
Yield 2016 2,89%
P/E ratio 2016 20,86
P/E ratio 2017 18,82
EV / Sales 2016 2,96x
EV / Sales 2017 2,81x
Capitalization 3 882 M
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Portland General Electric  Technical Analysis Chart | POR | US7365088472 | 4-Traders
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Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Average target price 42,5 $
Spread / Average Target -2,7%
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Managers
NameTitle
James J. Piro President, Chief Executive Officer & Director
Jack E. Davis Chairman
James F. Lobdell Chief Financial Officer, Treasurer & Senior VP
Campbell A. Henderson Chief Information Officer & Vice President-IT
Neil J. Nelson Independent Director
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