Portland General Electric (POR)
Portland General Electric is an electric utility based in Portland, Oregon, providing electricity to more than 930,000 customers in 51 cities. The company owns or contracts more than 3.5 gigawatts of energy generation, between gas, coal, wind & solar, and hydro.
POR has about 3,000 full-time employees. In 2023, the corporation generated $2.9 billion in revenue. The utility company is diversified by customer, with 37% of retail deliveries going to residential customers, 34% to commercial clients, and 29% to industrial clients. The company is forecasting that 80% of its power delivered to customers by 2030 will be carbon free, and 100% carbon free by 2040. On April 19th, 2024, Portland General Electric announced a 5% increase in the quarterly dividend to $0.50 per share.