2024-04-10 20:49:29 ET
Summary
- Portland General Electric earnings have faced interest rate headwinds in recent years.
- Nevertheless, Portland General Electric has had decent load growth over the years and management expects further load growth in the future, particularly in the industrial electricity segment.
- Given the strong industrial load growth, I think Portland General Electric has a substantial opportunity to expand its regulated rate base that could help its earnings.
- I rate Portland General Electric a 'Buy' and I would own it in a diversified portfolio.
Portland General Electric Company ( POR ), otherwise known as PGE, is a regulated electric utility that generates, transmits, and distributes electricity to more than 900,000 customers in Oregon .
Around half of Oregon's population and around two-thirds of the state's commercial and industrial activity occurs in the utility's service area....
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Portland General Electric: Strong Industrial Load Growth Could Boost Earnings