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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.
Ceremony on Portland s Electric Island recognizes package of bills that also aid low-income households.
Gov. Kate Brown says Oregon is the first state in the nation to require its largest utilities to generate all their power carbon-free by 2040, while it helps low-income customers share in benefits and cushions them from negative economic effects. It is the most aggressive clean-energy bill in the country, the Democratic chief executive said Tuesday, July 27, at a ceremony on Electric Island, a joint project that Portland General Electric and Daimler Trucks North America that opened three months ago on Portland s Swan Island.
The project has eight charging stations, most open to the public, and can charge up heavy-duty commercial vehicles at much faster rates. It is across from Daimler Trucks headquarters and about one mile from Interstate 5.
Gov Brown: Oregon leads push for carbon-free power gazettetimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gazettetimes.com Daily Mail and Mail on Sunday newspapers.