PGE may spend $12M on outages

PGE may spend $12M on outages

Portland General Electric expects to spend up to $12 million to replace power lost from unplanned shutdowns of its coal-fired plants. It is still unknown how long the repairs will take.

Because of these unplanned outages, PGE said it would incur incremental costs to replace its share of the output of the plants.

PGE also said the plant operators were filing insurance claims for the repair work, with each facility having a $2.5 million deductible for each event.

Read more at PGE.

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