Investor Presentaiton
Investment thesis
.
Investing in a reliable and
clean energy future
Adopting 100% clean energy
framework mandated by ORS 469A.410
Planning to exit operations at Colstrip
coal plant, Clearwater Wind Project,
2021 RFP of 75 to 200 MW of
incremental renewables generation,
375 MW of non-emitting capacity, 100
MW Green Future Impact
High-growth service area
Desirable core urban service territory
with strong growth in residential and
high-tech industrial segments
Strong in-migration, growing number of
customer connects and 2% long term
load growth, through 2027
•
Building a smarter more
resilient grid
Investing in our system to maintain and
increase resiliency to mitigate against
extreme weather and wildfires
Modernizing our grid with a
community-centered distribution
system to advance environmental
justice, accelerate distributed energy
resources and maximize grid benefits
Constructive regulatory
environment
Regulatory mechanisms to recover
costs and add renewables, including a
Renewable Adjustment Clause, and
forward test year
• Vertically integrated, regulated utility
•
Focusing on operational
effectiveness and efficiency
5% to 7% long term EPS growth from
2022 adjusted base year, and 5% to 7%
long term dividend growth guidance (1)
Continuing to implement efficiencies
and manage costs through technology
Delivering exceptional
customer experiences
No. 1 ranked renewable power
program in the Unites States for 13
years(2)
Named a 2022 Environmental
Champion Utility for PGE's
environmental stewardship efforts on
behalf of customers(3)
(1) The amount and timing of dividends payable and the dividend policy are at the sole discretion of the Portland General Electric Board of Directors and, if declared and paid, dividends may be in amounts that are
materially less than projected. EPS estimates and projections are based on assumptions and there can be no assurance regarding the amount of future earnings consistent with earnings guidance
(2) National Renewables Energy Laboratory. NREL did not release rankings in 2011
(3) Escalent Cogent Syndicated Utility Trusted Brand & Customer Engagement: Residential management advisory study
PGE
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