secwatch.observer — SEC 8-K summary
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Issuer:     PORTLAND GENERAL ELECTRIC CO /OR/ (POR)
CIK:        0000784977
Form:       8-K
Filed at:   2023-05-31T23:59:59+00:00
Accession:  0000784977-23-000079
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/784977/000078497723000079/0000784977-23-000079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/784977/000078497723000079/por-20230530.htm
  HTML page:      https://secwatch.observer/filing/0000784977-23-000079

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