portland general electric co (POR) Snapshot

Portland General Electric Company announced completion of competitive bidding processes and subsequent negotiations to construct a baseload energy project and to acquire and construct a new wind farm. The company lowering its previously disclosed full-year 2013 earnings guidance of $1.85 to $2.00 per diluted share to $1.35 to $1.50 per diluted share.

Portland General Electric Company announced the opening of new Salem Smart Power Center, an 8,000-square-foot facility in Salem, Ore., that offers a unique insider's view of a working smart grid demonstration project. The company's Salem Smart Power Center includes a large-scale energy storage system. Outfitted with a large-scale energy storage system, the center is designed to help PGE test how to store and better integrate variable renewable energy sources like solar and wind into the electrical grid, along with several other smart technologies as part of its Salem Smart Power Project. The technologies work together to create a highly reliable "micro-grid" that serves about 500 business and residential customers in southeast Salem. An onsite visitor center offers educational exhibits about the project and smart grid.

Federal Energy Regulatory Commission Issued Order to Oregon Clackamas River Project, Portland General Electric Company on Evaluation of the North Fork Downstream Migrant Pipeline in the Temporary Configuration. On July 28, 2011, a schedule of downstream fish passage studies for Commission approval, pursuant to Appendix A, Article 8(g), Appendix D, Article 32(b), and Appendix E, Article 32(a) of the Order Issuing New License.1 In an order dated June 12, 2012, the Commission approved schedule to conduct the studies. Then, as a part of the approved schedule, on October 6, 2011, a plan to evaluate the north fork downstream pipeline in its temporary configuration and on January 25, 2012, the Commission issued an order modifying and approving that plan. Ordering paragraph (B) of the January 2012 order required to file a report by October 1, 2012, of the study results and recommendation as to whether to continue the study in 2012/2013. September 27, 2012, filing adequately fulfills that requirement. In September 27, 2012, filing, concluded, in part, that the North Fork downstream migrant pipeline was, for the most part, successful in safely and effectively passing downstream migrants. However, noted that it did not achieve the desired precision of estimates related to injury rates of Chinook salmon smolts. Therefore, in an effort to bolster the precision of estimates of Chinook smolt survival and injury rates, proposed to release an additional 90 PIT tagged Chinook smolts. Proposed to evaluate their survival and injury rate through the pipeline and combine those results with the first evaluation. Also included the concurrence of the National Marine Fisheries Service (NMFS) and the Oregon Department of Fish and Wildlife (ODFW) to conduct the additional release and evaluation. February 1, 2013, filing reported the results of the injury and survival estimates of the additional 90 Chinook salmon smolts that were released and is presented as an addendum to September 27, 2012. Combined, the two evaluations of survival and injury rates of Chinook salmon smolts through the downstream migrant pipeline in its temporary configuration met precision goal for mortality and major injury rates. In filing that the pipeline is required to be re-evaluated in its final configuration after the North Fork surface collector and tertiary dewatering structures are constructed and functional in 2015.