Portland General Electric Reports Q1 2025 Results and Advances Battery Storage

Portland General Electric (PGE) announced first quarter 2025 financial results and key operational updates.

• Reported net income of $100 million for Q1 2025, with reaffirmed 2025 adjusted earnings guidance of $3.13 to $3.33 per diluted share.
• Advanced battery storage capacity with 292 MW operating from Constable, Sundial, and Coffee Creek systems; plus 200 MW Seaside battery expected mid-2025, totaling over 500 MW.
• Released 2024 Environmental, Social and Governance Report highlighting 45% of energy mix from non-emitting resources and emission reduction commitments of 80% by 2030 and 100% by 2040.
• Paid quarterly dividend of $0.525 per share, payable July 15, 2025.

These initiatives reflect PGE’s continued focus on clean energy integration, reliability, and sustainability targets.