Portland General Electric Company: Expanding Customer Base & Growing Demand in Industrial Sector Driving Growth! 

Portland General Electric Company (PGE) exhibited improved financial performance in the second quarter of 2024, with GAAP net income reaching $72 million or $0.69 per diluted share. This marks a significant improvement from the same period in the previous year, which saw GAAP net income at $39 million or $0.39 per diluted share. The positive results for this quarter were primarily propelled by heightened demand from industrial customers, particularly from sectors involving semiconductor manufacturing and data centers, coupled with efficient power cost management and continued cost control efforts.