Investor Presentaiton
Tax Reform & Senate Bill 978
Tax reform
On December 29, 2017 PGE filed a deferral
application with the OPUC
Defer 2017 and 2018 tax impacts
⚫ 2019 Impacts of the Tax Cuts and Jobs Act
were addressed in the 2019 test year
General Rate Case
PGE will begin to amortize an interim tax
deferral for two years beginning January 1,
2019
• All issues regarding method, final refund
amount, and earnings review will be
addressed in the deferral docket
Company cash flow and credit metrics remain
strong
Senate Bill 978
The Oregon Legislative Assembly passed SB 978 in
2017. The bill required the OPUC to establish a
public process to investigate how developing industry
trends, technologies, and policy drivers may impact
the existing electricity regulatory system.
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The OPUC issued a final report on September
14, 2018 and states that it is not recommending
changes to Oregon's wholesale or retail market
structure. It is looking to build upon the success
of the existing regulatory system based upon
stakeholder feedback.
The OPUC's recommendations fall into six
categories:
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Affordability
Equity and environmental justice
Climate change and GHG mitigation
•
Customer choice
Utility incentive alignment
Participation
Portland General Electric
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