Portland General Electric Co
POR: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$75.00 | Rvjrbcs | Chgvrjbwg |
Portland General Benefits From Oregon's Clean Energy Push
Business Strategy and Outlook
With an expanding customer base and a service territory with rich renewable energy resources, Portland General Electric, or PGE, has found plenty of growth investments with public policy support. Oregon legislation requires PGE to cut carbon emissions on its system by 80% by 2030 and eliminate carbon emissions by 2040. Achieving these goals while maintaining reliability will require a large step-up in investment during the next two decades.