Portland General Electric Is Quietly Restructuring—Here’s What It Means for Investors & Regulators! 

Portland General Electric Company reported a first-quarter GAAP net income of $100 million, or $0.91 per diluted share, compared to $109 million, or $1.08 per diluted share, in the same quarter of the previous year. The comparison shows a decline, although the firm experienced an increase in the non-GAAP net income, reaching $123 million or $1.21 per share. Positives in the performance include a significant 4.6% total load growth, largely driven by high-tech and data center customers, with an impressive 16.4% growth in industrial load compared to the previous year. These fast growing sectors, particularly in semiconductors and data centers, comprise a considerable portion of the company’s deliveries and drive capital improvements needed for transmission and distribution systems.