PGE procures 75 MW Evergreen battery storage; agrees to refund $6.5M for Boardman plant

PORTLAND GENERAL ELECTRIC CO /OR/

Procured 75 MW Evergreen BESS in Hillsboro, OR for ~$150M; expected COD Dec 31, 2024; subject to OPUC approval.
Agreed to refund $6.5M to customers for 2020 Boardman deferral; amortized over 2 years starting July 1, 2023.
Pre-tax GAAP charge in Q2 2023 for Boardman refund; excluded from adjusted non-GAAP earnings.
Incremental 2023 capex of $40M for Evergreen; total 2023 capex $1,365M; 2024 capex $1,020M.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.