ADDED
As of February 10, 2026, there were 115,561,705 shares of common stock outstanding.
During 2025, the Company added 10,000 customers, and as of December 31, 2025, served a total of approximately 960,000 retail customers.
Federal Regulation Multiple federal agencies, including the Federal Energy Regulatory Commission (FERC), the U.S.
Department of Transportation s Pipeline and Hazardous Materials Safety Administration (PHMSA), and the Nuclear Regulatory Commission (NRC), may have regulatory authority over certain aspects of PGE s operations and activities, as further described in the paragraphs that follow.
In addition, the Company prepares, pursuant to applicable provisions of the FPA, financial statements in accordance with the accounting requirements of the FERC, as set forth in its applicable Uniform System of Accounts and published accounting releases.
In addition, PGE is required to develop a Clean Energy Plan (CEP) to be filed in connection with the Company s Integrated Resource Plan (IRP) that articulates the Company s strategy to show continued progress toward emission reduction targets through an equitable transition to a decarbonized grid.
o In 2016, the State passed Oregon Senate Bill (SB) 1547, which, among its provisions, increased the RPS percentages in certain future years and required the elimination of coal from Oregon utility customers energy supply.
Strength in the high-tech manufacturing and digital service sector, along with new data center facilities coming online, have increased deliveries to industrial customers.
Federal and State tax incentives and connectivity both locally and to overseas markets via the transpacific cable have led to strong data center development in PGE's service area.
Other jurisdictions in PGE s service area have set similar goals.
REMOVED
As of February 7, 2025, there were 109,347,586 shares of common stock outstanding.
PGE is committed to developing products and service offerings for the benefit of retail and wholesale customers.
During 2024, the Company added sixteen thousand customers, and as of December 31, 2024, served a total of 950 thousand retail customers.
Federal Regulation Several federal agencies, including the Federal Energy Regulatory Commission (FERC), the U.S.
Department of Transportation s Pipeline and Hazardous Materials Safety Administration (PHMSA), and the Nuclear Regulatory Commission (NRC), have regulatory authority over certain aspects of PGE s operations and activities, as described in the discussion that follows.
Short-term Debt Pursuant to applicable provisions of the FPA and FERC regulations, regulated public utilities are required to obtain FERC approval to issue certain securities.
In addition, PGE is required to create a Clean Energy Plan (CEP) to be filed in connection with the Company s Integrated Resource Plan (IRP) that articulates the Company s strategy to meet emission reduction targets through an equitable transition to a decarbonized grid.
During 2021, the State legislature passed Oregon House Bill (HB) 2021, which established clean energy targets and set out a framework that includes, among other things, the development and submittal of CEPs for investor-owned utilities, including PGE, and Electricity Service Suppliers (ESSs) in the State.
The COVID-19 pandemic introduced additional behavioral patterns that reflected the shift that occurred with respect to hybrid work schedules as residential customers spent more time at home, the impact of which has largely normalized in the last few years.
Energy efficiency measures also impact commercial demand, as measures have focused on the commercial sector in recent years.