PGE rates to rise


Portland General Electric customers face a 3% increase in January, under a preliminary agreement in the company’s pending rate case.

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A preliminary agreement in Portland General Electric’s pending rate case would cause an average 3% rate increase for customers starting in January.

The utility originally sought a 7.4% increase.

PGE’s rate request was largely driven by investments in its wind farm in Sherman County, hydroelectric generation and advanced meters being installed across the company’s service territory.

The settlement, which must still be approved by Oregon’s three public utility commissioners, includes downward adjustments to dozens of cost requests, from wages and salaries to depreciation and maintenance. The company had requested an increase in its allowed rate of return, which instead was kept at its current level. PGE agreed to pull four capital projects from the rate request until they are completed and in service. The company’s power costs were also reduced, because the expected market price of gas and electricity continues to fall.

Read more at OregonLive.com.

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