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Portland General Electric (POR) Company Profile

Updated Sep 15, 2020
Portland General Electric has the following business profile:
Company's Full Name:Portland General Electric Company
Short Name:Portland General Electric
Trading Ticker Symbol:POR
Primary Exchange:NYSE
Headquarter City/Country:Oregon, OR
Primary Industry Sector:Public Utilities
Seconday Sub-sector:Electric Utilities
Main Business Areas/Categories: Public Utilities, Electric Utilities, Utilities, , Wilshire 5000, , Russell 2000
Dividend Payments:Dividend History
ETFs Holding:List of ETFs holding Portland General Electric stock

Market and Trading Information for Portland General Electric

The following details were available for trading and market data about the stock of Portland General Electric as of writing:
Current Share Price:$33.69
Previous Year's Closing Price:$55.79
Percentage Price Change (YTD):-39.61%
Market Cap:$3.02 billion
52-week Price Range:$31.96 - $63.08
Dividend Per Share:$1.54
EPS (TTM):2.64
Price-Earnings (Trailing):12.77
Price-Earnings (Forward):13.16

Company Profile and Business Description for Portland General Electric

Portland General Electric Company (PGE), incorporated on July 25, 1930, is an electric utility that is engaged in the wholesale purchase, transmission, distribution and retail sale of electricity in the State of Oregon. The Company's service area allocation of approximately 4,000 square miles is located within Oregon and includes 51 incorporated cities.

As of December 31, 2016, the Company had five natural gas-fired generating facilities, which include Port Westward Unit 1 (PW1), Port Westward Unit 2 (PW2), Beaver natural gas-fired generating plant (Beaver), Coyote Springs Unit 1 (Coyote Springs) and Carty natural gas-fired generating plant (Carty). As of December 31, 2016, the Company operated Boardman and had a 20% interest in Colstrip Units 3 and 4 coal-fired generating plant (Colstrip), which is operated by a third party. The thermal plants provide power and capacity reserves for the Company's customers. As of December 31, 2016, these resources had a combined capacity, with the addition of Carty, of 2,619 megawatt (MW). As of December 31, 2016, the Company owned and operated two wind farms, Biglow Canyon Wind Farm (Biglow Canyon) and Tucannon River Wind Farm (Tucannon River). Biglow Canyon, located in Sherman County, Oregon, is the Company's renewable energy resource consisting of 217 wind turbines with a total capacity of approximately 450 MW. Tucannon River, is located in southeastern Washington and consists of 116 wind turbines with a total capacity of 267 MW.

The Company's Federal Energy Regulatory Commission (FERC)-licensed hydroelectric projects consist of Pelton/Round Butte on the Deschutes River near Madras, Oregon, four plants on the Clackamas River, and one on the Willamette River. These plants have a combined capacity of 495 MW. As of December 31, 2016, the Company had a 66.67% interest in the 455 MW Pelton/Round Butte hydroelectric project on the Deschutes River, with the remaining interest held by the Confederated Tribes of the Warm Springs Reservation of Oregon (Tribes). The Company has a dispatchable standby generation (DSG) program under which the Company can start, operate, and monitor customer-owned diesel-fueled standby generators when needed to provide North American Electric Reliability Corporation (NERC)-required operating reserves. As of December 31, 2016, there were 58 sites with a total DSG capacity of 117 MW.

As of December 31, 2016, PGE owned 79.5% of the Kelso-Beaver Pipeline, which directly connects PW1, PW2, and Beaver to Northwest Pipeline, an interstate natural gas pipeline operating between British Columbia and New Mexico. PGE transports natural gas on the Kelso-Beaver Pipeline for its own use under a firm transportation service agreement, with capacity offered to others on an interruptible basis to the extent not utilized by the Company. As of December 31, 2016, PGE had access to 103,305 Decatherm (Dth) per day of firm natural gas transportation capacity to serve the three plants.

PGE also has contractual access to natural gas storage in Mist, Oregon. The Company's storage facility is owned and operated by a local natural gas company and is utilized to provide fuel to PW1, PW2 and Beaver. To serve Coyote Springs and Carty, PGE has access to 119,500 Dth per day of firm natural gas transportation capacity on three pipeline systems accessing gas fields in Alberta, Canada. The Colstrip co-owners obtain coal to fuel the plant through conveyor belt from a mine that lies adjacent to the facility. The contract for coal supply extends through 2019.

PGE's transmission system is part of the Western Interconnection, the regional grid in the western United States. The Western Interconnection includes the interconnected transmission systems of 11 western states, two Canadian provinces and parts of Mexico. The Company owns and/or has contractual rights associated with transmission lines that deliver electricity from its generation facilities to its distribution system in its service territory and also to the Western Interconnection. As of December 31, 2016, the Company owned an electric transmission system consisting of 1,240 circuit miles, which include 286 circuit miles of 500 kilovolt (KV) line; 402 circuit miles of 230 kV line, and 551 miles of 115 kV line. As of December 31, 2016, the Company also had over 26,540 circuit miles of primary and secondary distribution lines that deliver electricity to its customers.

As of December 31, 2016, the Company owned approximately 15% of the capacity on the Colstrip Project Transmission facilities from Colstrip to Bonneville Power Administration's (BPA) transmission system, and approximately 20% of the capacity on the Pacific Northwest Intertie, a 4,800 MW transmission facility between John Day, in northern Oregon and Malin, in southern Oregon near the California border. The Pacific Northwest Intertie is used primarily for the transmission of interstate purchases and sales of electricity among utilities, including PGE. In addition, the Company has contractual rights for approximately 3,490 MW of firm BPA transmission on BPA's system to PGE's service territory in Oregon, and 150 MW of firm BPA transmission from the Mid-Columbia projects in Washington to the northern end of the Pacific Northwest AC Intertie, near John Day, Oregon, five MW to Tucannon River, and five MW to Biglow Canyon.

121 SW Salmon St

ETFs Holding Portland General Electric Stock

As of March 2020, the following exchange-traded funds (ETF) hold the Portland General Electric stocks in their respective portfolios. Below is a random list of only 10 ETFs in no particular order that have Portland General Electric stock holding. There are a total of 80 ETFs in Fknol.com records which are holding Portland General Electric stock in their portfolio. See Full List.

TickerNameShort DescriptionExpense
Ratio
No. of
Holdings
Dividend
Frequency
FLAGFLAG-Forensic Accounting Long-Short ETFThe FLAG-Forensic Accounting Long-Short ETF tracks an index that selects long and short equity positions of large-cap U.S. companies relative to their earnings quality and revenue recognition practices. ...Full Details1.61%137
Full List
Quarterly
DGROiShares Core Dividend Growth ETFThe iShares Core Dividend Growth ETF tracks an index of US stocks that are selected by dividends, dividend growth and payout ratio, then weighted by dividend dollars. ...Full Details0.08%449
Full List
Quarterly
DTDWisdomTree US Total Dividend ETFThe WisdomTree U.S. Total Dividend Fund tracks an index of U.S. companies selected and weighted based on the dollar amount of dividends paid. ...Full Details0.28%864
Full List
Monthly
ESGVVanguard ESG US Stock ETFThe Vanguard ESG U.S. Stock ETF tracks a market-cap-weighted index of US companies screened for environmental, social, and corporate governance (ESG) criteria. ...Full Details0.12%988
Full List
Quarterly
EXTWisdomTree US Total Earnings ETFThe WisdomTree U.S. Total Earnings Fund tracks an index selected and weighted by earnings over the past four quarters. ...Full Details0.28%1233
Full List
Quarterly
FNDBSchwab Fundamental US Broad Market Index ETFThe Schwab Fundamental U.S. Broad Market Index ETF tracks a fundamentally selected and weighted Russell Index based on sales, cash flow and dividends/buybacks. ...Full Details0.25%1481
Full List
Quarterly
FNDXSchwab Fundamental US Large Company Index ETFThe Schwab Fundamental US Large Company Index ETF tracks a fundamentally selected and weighted Russell index based on sales, cash flow and dividends/buybacks. ...Full Details0.25%671
Full List
Quarterly
FUTYFidelity MSCI Utilities Index ETFThe Fidelity MSCI Utilities Index ETF tracks a market-cap-weighted index of stocks in the US utilities sector. ...Full Details0.08%70
Full List
Quarterly
HDViShares Core High Dividend ETFThe iShares Core High Dividend Equity Fund tracks a dividend-weighted index of 75 high-yielding US equities, screened for high earnings potential and dividend sustainability. ...Full Details0.08%76
Full List
Quarterly
IDUiShares US Utilities ETFThe iShares U.S. Utilities ETF tracks a broad, market-cap-weighted index of US utilities stocks. ...Full Details0.43%52
Full List
Quarterly

See Full List of ETFs holding Portland General Electric stock in their respective portfolios.

Peer / Competitor Companies of Electric Utilities Sector

Along with Portland General Electric Company, the following other peer (competitor) companies also exist within the same Electric Utilities - Public Utilities sector whose company profile and dividend history is as follows:

▶ AES Corp (AES): The AES Corporation, incorporated on January 28, 1981, is a holding company. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. The ....See Detailed Company Profile,  Dividend History

▶ Algonquin Power and Utilities (AQN): Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets in Canada and the United State....See Detailed Company Profile,  Dividend History

▶ American Electric Power (AEP): American Electric Power Company, Inc., an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers i....See Detailed Company Profile,  Dividend History

▶ Atlantic Power (AT): Atlantic Power Corporation owns and operates a fleet of power generation assets in the United States and Canada. As of December 31, 2017, its power generation projects had an aggregate gross electric generation....See Detailed Company Profile,  Dividend History

▶ Avangrid (AGR): Avangrid, Inc., incorporated on September 23, 1997, is an energy and utility company. The Company operates through three segments: Networks, Renewables and Gas. The Company is engaged in the regulated ....See Detailed Company Profile,  Dividend History

▶ Azure Power Global (AZRE): Azure Power Global Limited, together with its subsidiaries, engages in the development, construction, ownership, operation, maintenance, and management of solar power plants in India. It generates sol....See Detailed Company Profile,  Dividend History

▶ Black Hills (BKH): Black Hills Corporation, incorporated on April 28, 2000, is a holding company. The Company is an integrated energy company, which is focused primarily on regulated utilities. The Company operates through ....See Detailed Company Profile,  Dividend History

▶ Brookfield Renewable Partners (BEP): Brookfield Renewable Partners L.P., formerly Brookfield Renewable Energy Partners L.P., is the owner and operator of a portfolio of assets that generate electricity from renewable resources. The Company operates as ....See Detailed Company Profile,  Dividend History

▶ CenterPoint Energy (CNP): CenterPoint Energy, Inc., incorporated on August 31, 2001, is a public utility holding company. The Companys operating subsidiaries own and operate electric transmission and distribution facilities, and natural gas distribution ....See Detailed Company Profile,  Dividend History

▶ Centrais Electricas Brasileiras (EBR): Centrais Eletricas Brasileiras SA, incorporated on June 11, 1962, is a Brazil-based holding company engaged in the electric power generation and transmission. Its subsidiaries are responsible for 39,453 MW of ....See Detailed Company Profile,  Dividend History

▶ Centrais Electricas Brasileiras (EBR.B): Centrais Eletricas Brasileiras SA, incorporated on June 11, 1962, is a Brazil-based holding company engaged in the electric power generation and transmission. Its subsidiaries are responsible for 39,453 MW of ....See Detailed Company Profile,  Dividend History

▶ Comp En De Mn Cemig ADS (CIG): Companhia Energetica de Minas Gerais-CEMIG, incorporated on May 22, 1952, is a holding company that is engaged in the generation, transmission and distribution of electricity. The Companys segments include Generation, ....See Detailed Company Profile,  Dividend History

▶ Companhia Paranaense COPEL (ELP): Companhia Paranaense de Energia - Copel, incorporated on October 26, 1954, is engaged in the generation, transmission, distribution and sale of electricity primarily in the Brazilian State of Parana. The ....See Detailed Company Profile,  Dividend History

▶ Covanta Holding (CVA): Covanta Holding Corporation, incorporated on April 16, 1992, is a holding company. The Company, through its subsidiaries, owns and operates infrastructure for the conversion of waste to energy, as well ....See Detailed Company Profile,  Dividend History

▶ CPFL Energia (CPL): CPFL Energia S.A., incorporated on March 20, 1998, is a holding company. The Company, through its subsidiaries, distributes, generates, transmits and commercializes electricity in Brazil, as well as provides energy-related ....See Detailed Company Profile,  Dividend History

▶ Dominion Resources (D): Dominion Resources, Inc. (Dominion), incorporated on February 18, 1983, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and ....See Detailed Company Profile,  Dividend History

▶ Dominion Resources (DRUA): Dominion Resources, Inc. (Dominion), incorporated on February 18, 1983, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and ....See Detailed Company Profile,  Dividend History

▶ DTE Energy (DTE): DTE Energy Company (DTE Energy), incorporated on January 26, 1995, is an energy company. The Companys segments include Electric, Gas, Gas Storage and Pipelines, Power and Industrial Projects, Energy Trading, ....See Detailed Company Profile,  Dividend History

▶ DTE Energy (DTJ): DTE Energy Company (DTE Energy), incorporated on January 26, 1995, is an energy company. The Companys segments include Electric, Gas, Gas Storage and Pipelines, Power and Industrial Projects, Energy Trading, ....See Detailed Company Profile,  Dividend History

▶ DTE Energy (DTQ): DTE Energy Company (DTE Energy), incorporated on January 26, 1995, is an energy company. The Companys segments include Electric, Gas, Gas Storage and Pipelines, Power and Industrial Projects, Energy Trading, ....See Detailed Company Profile,  Dividend History

... See Full List of All Stocks of Electric Utilities Sector.

Stock List of Other Public Utilities Sub-sectors

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▶ Stocks of UtilitiesóRenewable Sector

▶ Stocks of Water Supply Sector


Stock List of Other Top-level Sectors

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