POR changes
Pick any two versions below to diff them.
- Price
- $44.42 → $46.02(+3.6%)
- Discount category
- Deep below intrinsic value → Far below intrinsic value
- Recent events
- Oct 29, 2026: PGE reported Q3 2026 results. Net income was $119 million, or $1.00 per share, and non-GAAP EPS was $1.06, compared with $1.00 a year earlier. The mildest Q3 in a decade lowered EPS by $0.15 compared with Q3 2025. Industrial demand grew 9% on a weather-adjusted basis. PGE lowered its 2026 adjusted EPS guidance to $3.18 to $3.28 from $3.33 to $3.53 because of the weather, and it kept its long-term targets of 5% to 7% growth in EPS and dividends. It asked the OPUC to clarify or change two conditions of the holding company order. It signed build-transfer agreements for two solar and battery projects, Biglow and Salmonfly, with planned investments of about $900 million and $853 million. Oct added: 29, 2026: PGE agreed to add two solar and battery projects of 615 megawatts in total, the last purchases from its 2023 all-source request for proposals. It will build and own the Biglow Optimization project in Sherman County, Oregon, with 125 megawatts of solar and 125 megawatts of batteries, for about $540 million before financing costs. It will own 110 megawatts of solar and 65 megawatts of batteries in the Wheatridge Expansion in Morrow County, Oregon, with NextEra Energy, for about $490 million. Both projects are due to start at the end of 2027. PGE disclosed this in its Q3 2026 10-Q. Oct 15, 2026: PGE filed its 2026 Clean Energy Plan and Integrated Resource Plan with the OPUC. One portfolio needs 3,377 megawatts of new resources by 2030 and more than 5,000 megawatts by 2032. A portfolio that meets the current HB 2021 emission targets needs 6,747 megawatts by 2030 and more than 9,000 megawatts by 2032. The plan also calls for more transmission. Sep 25, 2026: The OPUC issued its final order on the PGE holding company application. The order includes customer benefits of about $83 million, but it adds conditions beyond the stipulation with OPUC staff, including limits on dividends tied to retained earnings and credit ratings. PGE is evaluating reconsideration, clarification or judicial review, and it does not expect to proceed unless the conditions change. Aug 12, 2026: PGE and OPUC staff signed a stipulation that recommended approval of the holding company. It included $45 million of commitments and an agreement to keep the common equity of PGE at 45% or higher. Jul 31, 2026: PGE reported Q2 2026 results. Net income was $68 million, or $0.59 per share, and non-GAAP EPS was $0.64. PGE kept its 2026 adjusted EPS guidance of $3.33 to $3.53. A new large load tariff raised prices for data centers and other new large customers by about 30% from July 8, 2026, and lowered prices for all other customers. PGE said that it would file a 2027 rate case for an increase of about 4.8%, with new rates from July 1, 2027. Feb 15, 2026: PGE agreed to buy parts of the Washington utility business of PacifiCorp, which serves about 140,000 customers, for $1.9 billion. The purchase needs approvals from FERC and from regulators in several states, and PGE expects it to close about 12 months after the regulatory filings.