Portland General Electric Company : Former Head of Arizona Utility to Join PGE Board of Directors
06/14/2012| 07:40pm US/Eastern
Recommend:
Portland General Electric (NYSE:POR) today announced the appointment of
Jack E. Davis as a director of the company, effective immediately. The
board of directors also appointed Mr. Davis to serve on its finance
committee.
"Jack Davis is an experienced utility executive with a broad
understanding of the opportunities and challenges facing the electric
industry today," said PGE Board of Directors Chair Corbin McNeill. "We
look forward to the benefit of his perspectives as we make strategic
decisions that will help PGE continue to provide outstanding value to
its customers and shareholders for years to come."
Davis has extensive regulated utility experience, having served as chief
executive officer of Arizona Public Service Company, Arizona's largest
electricity provider, and president and chief operating officer of
Pinnacle West Capital Corporation, its parent company. During his 35
years at Arizona Public Service, Davis held executive and management
positions in various areas of the company, including commercial
operations, generation and transmission, customer service, and power
operations.
"I look forward to working with Jack," said Jim Piro, president and CEO
of PGE. "His background as CEO at Arizona Public Service will help us as
we strive to continually improve our business."
About Portland General Electric Company
Portland General Electric, headquartered in Portland, Ore., is a fully
integrated electric utility that serves more than 825,000 residential,
commercial and industrial customers in Oregon. Visit our Web site at www.PortlandGeneral.com.
Safe Harbor Statement
Statements in this news release that relate to future plans, objectives,
expectations, performance, events and the like may constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995, Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. Forward-looking statements may be identified by
words including, but not limited to, "anticipates," "believes,"
"intends," "estimates," "promises," "expects," "should," "conditioned
upon" and similar expressions. Investors are cautioned that any such
forward-looking statements are subject to 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 news release are based on information available to the Company on
the date hereof and such statements speak only as the date hereof. The
Company assumes no obligation to update any such forward-looking
statement. Prospective investors should also review the risks and
uncertainties listed in the Company's most recent Annual Report on Form
10-K and the Company's reports on Forms 8-K and 10-Q filed with the
United States Securities and Exchange Commission, including Management's
Discussion and Analysis of Financial Condition and Results of Operations
and the risks described therein from time to time.
POR-F
Source: Portland General Electric Company
PGE
Steve Corson, 503-464-8444
www.portlandgeneral.com/newsroom
© Business Wire 2012
Recommend :
