---
schema_version: "secwatch.filing_event.v1"
accession: "0000784977-23-000079"
form_type: "8-K"
ticker: "POR"
cik: "0000784977"
company_name: "PORTLAND GENERAL ELECTRIC CO /OR/"
filed_at: "2023-05-31T23:59:59+00:00"
generated_at: "2026-06-14T10:59:15.067345+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000784977-23-000079
- form_type: 8-K
- ticker: POR
- cik: 0000784977
- company_name: PORTLAND GENERAL ELECTRIC CO /OR/
- filed_at: 2023-05-31T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/784977/000078497723000079/0000784977-23-000079-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/784977/000078497723000079/por-20230530.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000784977-23-000079
- JSON: https://secwatch.observer/filing/0000784977-23-000079.json
- Plain text: https://secwatch.observer/filing/0000784977-23-000079.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.