PGE wants rate increase


In order to recover expenses, PGE asks state regulators for an electricity rate increase of 7.4%.

Share this article!

Portland General Electric has asked state regulators for an electricity rate increase of 7.4%.

PGE is hoping the addition of $125 million in costs to its rate base will help to recover expenses ranging from wind farm construction to health care.

The impact of the request varies widely by and within customer classes, ranging from 8.8 percent for residential customers to 8.2 percent for small businesses, 9.3 percent for large commercial customers and 2.2 percent for large industrial customers…

Ratepayer advocates and  regulatory staff  objected to a variety of specific cost increases PGE sought in its last rate case, and advocates complained that the company lacked effective cost controls in general. Bob Jenks, executive director of the Citizens’ Utility Board, said Tuesday that PGE was “massively overreaching” again.

Read the full story at OregonLive.com.

{biztweet}PGE rate 7.4{/biztweet}




Latest from Oregon Business Team