Last $33.06 USD
Change Today -0.08 / -0.24%
Volume 301.2K
POR On Other Exchanges
New York
As of 4:15 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

portland general electric co (POR) Snapshot

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07/1/14 - $34.74
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09/12/13 - $27.57
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portland general electric co (POR) Details

Portland General Electric Company, an integrated electric utility, is engaged in the generation, purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. It operates 5 thermal plants, 7 hydroelectric plants, and a wind farm located at Biglow Canyon in eastern Oregon; and approximately 1,141 circuit miles of transmission lines, as well as 26,867 circuit miles of primary and secondary distribution lines that deliver electricity to its customers. The company also purchases and sells electricity and natural gas in the wholesale market to utilities, brokers, and power marketers in the United States and Canada. As of December 31, 2013, it served approximately 836,070 residential, commercial, and industrial customers. The company was founded in 1930 and is headquartered in Portland, Oregon.

2,596 Employees
Last Reported Date: 02/14/14
Founded in 1930

portland general electric co (POR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $744.5K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $318.5K
Senior Vice President of Power Supply, Power ...
Total Annual Compensation: $438.6K
Vice President, General Counsel and Corporate...
Total Annual Compensation: $343.2K
Vice President of Nuclear & Power Supply/Gene...
Total Annual Compensation: $309.5K
Compensation as of Fiscal Year 2013.

portland general electric co (POR) Key Developments

Portland General Electric Company Approves Amendments to Articles of Incorporation

On May 7, 2014, Portland General Electric Company's shareholders approved an amendment to the company's Second Amended and Restated Articles of Incorporation to implement majority voting in uncontested elections of directors. Under the new amendment, which adds new Article X, a nominee for director in an uncontested election will be elected at a shareholder meeting for the election of directors if the number of votes cast for" the nominee exceeds the number of votes cast against" the nominee.

Portland General Electric Company Enters Unsecured Credit Agreement with Wells Fargo Bank, JPMorgan Chase Bank and Bank of America

On May 7, 2014, Portland General Electric Company entered into an unsecured Credit Agreement with Wells Fargo Bank, National Association, as Administrative Agent, and JPMorgan Chase Bank, N.A., U.S. Bank National Association, and Bank of America, N.A. Pursuant to the Credit Agreement, PGE may obtain four separate term loans in an aggregate principal amount of $305 million. The expected amounts and timing of the four term loans are as follows: $75 million on or about May 15, 2014; $75 million on or about May 31, 2014; $75 million on or about June 30, 2014; and $80 million on or about July 31, 2014. The term loans will bear interest at the London Interbank Offered Rate (LIBOR) plus 70 basis points, with no other fees. The Credit Agreement expires October 30, 2015, with any outstanding term loans due and payable on such date. Upon the occurrence of certain events of default, the company's obligations under the Credit Agreement may be accelerated. Such events of default include payment defaults to lenders under the Credit Agreement, covenant defaults and other customary defaults. The company intends to use the proceeds of the four loans for general corporate purposes, which may include capital expenditures and/or the repayment of existing debt. Certain of the lenders under the Credit Agreement or their respective affiliates provide or have provided a variety of financial services to the company, including investment banking, cash management and issuance of letters of credit, for which they receive or have received customary fees and expense reimbursement.

Portland General Electric Company Declares Quarterly Dividend, Payable on or Before July 15, 2014

The board of directors of Portland General Electric Company declared a quarterly common stock dividend of 28 cents per share, up from last quarter's dividend of 27.5 cents per share. The dividend is payable on or before July 15, 2014, to shareholders of record at the close of business on June 25, 2014.


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Price/Earnings 22.8x
Price/Sales 1.4x
Price/Book 1.4x
Price/Cash Flow 6.9x
TEV/Sales 0.3x

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