Home Must Reads PGE plans $1B investment in gas and wind

PGE plans $1B investment in gas and wind

| Print |  Email
Must Reads
Tuesday, June 04, 2013

Portland General Electric unveiled plans to invest $1 billion in a new gas fired power plant and a new wind farm.

Demand for electricity is growing slowly in the Northwest, and the region's grand plan is meet most demand growth in the next two decades with energy efficiency and conservation measures.

The result for ratepayers is likely to be a string of rate increases for the foreseeable future. PGE, which serves more than 800,000 customers in the state, is seeking a 6 percent rate increase – 9 percent for residential customers. The utility has yet to outline how its resource additions will affect electricity rates, but chief executive Jim Piro acknowledged the company is likely to file for increases in 2014, 2015 and 2016 as the new resources come on line.

Read more at OregonLive.com.

{biztweet}pge{/biztweet}

 

More Articles

Grape Expectations

October 2014
Thursday, September 25, 2014
BY HANNAH WALLACE

Well-financed outsiders from France and California are buying up vineyards and wineries in the Willamette Valley.


Read more...

Launch

September 2014
Tuesday, August 26, 2014
BY JESSICA RIDGWAY

September's Launch article features Orchid Health, BuddyUp and Inter-Europe Consulting.


Read more...

The Alchemist

September 2014
Tuesday, August 26, 2014
BY LINDA BAKER

David Howitt explains why Portland consumer brands like Stumptown and Voodoo Doughnuts are taking the world by storm.


Read more...

True Blood

October 2014
Thursday, September 25, 2014
BY JOE ROJAS-BURKE

Antibiotics really aren’t magic bullets.


Read more...

October surprise

News
Sunday, October 12, 2014
roundup-logo-thumb-14BY LINDA BAKER

Cylvia Hayes, tabloid vs. watchdog journalism and the looming threat of a Cascadia earthquake.


Read more...

The Diaspora

October 2014
Thursday, September 25, 2014
BY LEE VAN DER VOO

Former newspaper reporters move into brand journalism.


Read more...

A Taste of Heaven

September 2014
Tuesday, August 26, 2014
BY VIVIAN MCINERNY

Craft beer comes to Mount Angel.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS