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Portland General Electric Co POR

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Hot Weather, Regulatory Outlook Support Portland General's Growth in 2021 and Beyond

Travis Miller Strategist

Analyst Note

| Travis Miller |

After reviewing recent regulatory filings and incorporating exceptionally hot summer weather in Oregon, we are reaffirming our view that Portland General has some of the best growth potential in the utilities sector. Our 6% annual long-term earnings growth forecast is at the high end of management's 4%-6% target. We expect similar dividend growth.

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Company Profile

Business Description

Portland General Electric is a regulated electric utility providing generation, transmission, and distribution services to 900,000 customers representing about half of all Oregon residents. The company owns (wholly or through joint ventures) a total of 3.9 gigawatts of gas, coal, wind, and hydro generation.

121 South West Salmon Street
Portland, OR, 97204
T +1 503 464-8000
Sector Utilities
Industry Utilities - Regulated Electric
Most Recent Earnings Jun 30, 2021
Fiscal Year End Dec 31, 2019
Stock Type High Yield
Employees 3,639