secwatch.observer — SEC 8-K summary
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Issuer:     PORTLAND GENERAL ELECTRIC CO /OR/ (POR)
CIK:        0000784977
Form:       8-K
Filed at:   2023-04-28T23:59:59+00:00
Accession:  0000784977-23-000070
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 5.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PGE Q1 GAAP EPS $0.80; CFO Ajello to retire June 30; BESS & $300M ATM
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- GAAP net income $74M ($0.80/diluted); reaffirms FY2023 adjusted EPS guidance $2.60-$2.75.
- Quarterly dividend raised 5.0% to $0.475/share, payable July 17 to holders of record June 26.
- CFO Jim Ajello to retire effective June 30; senior advisor through Aug 31; successor search begun.
- Agreed to construct 200 MW owned BESS ($360M) and 20-year capacity agreement for 200 MW BESS.
- Filed $300M at-the-market equity offering; proceeds for general corporate and clean energy investments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/784977/000078497723000070/0000784977-23-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/784977/000078497723000070/por-20230425.htm
  HTML page:      https://secwatch.observer/filing/0000784977-23-000070

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