Operator
Good morning everyone and welcome to Portland General Electric Company s Second Quarter 2021 Earnings Results Conference Call. Today is Friday, July 30, 2021. [Operator Instructions] For opening remarks I will turn the conference call over to Portland General Electric s Senior Director of Investor Relations. Treasury and Risk Management Jardon Jaramillo. Please go ahead, sir.
Jardon Jaramillo
Senior Director of Investor Relations. Treasury and Risk Management
Thank you. Chelsea. Good morning, everyone. I m pleased that you re able to join us today. Before we begin this morning, I d like to remind you that we have prepared a presentation to supplement our discussion which we ll be referencing throughout the call. The slides are available on our website at investors.portlandgeneral.com.
Portland General Electric Announces Second Quarter 2021 Results
- Second quarter results reflect strong retail deliveries and customer growth
- Reliable operations as new peak load record set
- Strategic decarbonization goals align with legislative passage of Oregon s new clean energy legislation
- 2022 test year general rate case filed to recover primarily base business investments
- Raising 2021 earnings guidance from $2.55 to $2.70 to $2.70 to $2.85 per diluted share
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PORTLAND, Ore., July 30, 2021 /PRNewswire/ Portland General Electric Company (NYSE: POR) today reported net income of $32 million, or 36 cents per diluted share, for the second quarter of 2021. This compares with net income of $39 million, or 43 cents per diluted share, for the second quarter of 2020.
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Oregon Utility CEO Warns of Possible Power Cuts This Fire Season Source: By Mark Chediak, Bloomberg • Posted: Sunday, July 18, 2021
Oregon’s largest electric utility is prepared to cut power in some areas to prevent wires from sparking fires in dry and windy conditions this summer.
Portland General Electric Co. is focused on safeguarding its grid to reduce wildfire risks and would only interrupt service to customers as a last resort, Chief Executive Officer Maria Pope said in an interview Friday.
“We focus much more on a daily basis on how we prevent having to do power-safety shut-offs,” Pope said at Bloomberg News headquarters in New York. “Should there ever be circumstances like we were faced with last year, or could be faced with this season given the drought conditions throughout the entire West, obviously shutting the power off is one of the tools we have.”
Oregon Utility CEO Warns of Possible Power Cuts This Fire Season
Jul 17 2021, 1:00 AM
July 17 2021, 12:10 AM
July 17 2021, 1:00 AM
(Bloomberg) Oregonâs largest electric utility is prepared to cut power in some areas to prevent wires from sparking fires in dry and windy conditions this summer.
(Bloomberg) Oregonâs largest electric utility is prepared to cut power in some areas to prevent wires from sparking fires in dry and windy conditions this summer.
Portland General Electric Co. is focused on safeguarding its grid to reduce wildfire risks and would only interrupt service to customers as a last resort, Chief Executive Officer Maria Pope said in an interview Friday.