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

Bike Chic: 7 stylish options for cyclists

April 2015
Thursday, March 26, 2015

Cycling to work is all the rage. But not everyone wants to arrive at the office messy, sweaty — and unfashionable.


Read more...

Are wolves good for business?

Contributed Blogs
Friday, March 06, 2015
030615-wolf-thumbBY JEFF DELKIN | OP-ED CONTRIBUTOR

As a local business owner, I believe it’s important to build our economy on a platform of conservation values.  


Read more...

Epitaph for a Boondoggle

April 2015
Friday, March 27, 2015
BY JOE CORTRIGHT

The CRC is a cautionary tale about how we plan for, finance and invest in transportation infrastructure.


Read more...

Get on the bus!

April 2015
Thursday, March 19, 2015
BY APRIL STREETER

How the private sector can ride the next transit revolution.


Read more...

Banking Perspective

April 2015
Thursday, March 26, 2015
BY KIM MOORE

A conversation with Craig Wanichek, president and CEO of Summit Bank.


Read more...

5 questions for inDinero CEO Jessica Mah

The Latest
Tuesday, March 31, 2015
jessicathumbBY JACOB PALMER | DIGITAL NEWS EDITOR

inDinero, a business that manages back-office accounting for startups and smaller companies, recently announced it would relocate its headquarters from San Francisco to Portland. We talked to CEO Jessica Mah about what drew her to Portland and how she plans to disrupt the traditional CPA model.


Read more...

4 highlights of the MLS labor deal

The Latest
Wednesday, March 04, 2015
timbersthumbBY JACOB PALMER | OB DIGITAL NEWS EDITOR

On Wednesday night, a couple days ahead of the 2015 season kickoff, Major League Soccer and the Players Union reached an agreement.


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