PGE reaches rate case settlement seeking $391M revenue increase; ROE set at 9.5%

PORTLAND GENERAL ELECTRIC CO /OR/

Settlement filed with OPUC on Oct 6, 2023; adjusted annual revenue requirement increase of $391M (initial filing $340M).
Capital structure 50/50 debt/equity; ROE 9.5% (filed 9.8%); cost of capital 6.993%; rate base $6.2B.
Includes $183M NVPC, vegetation management balancing account with $52M baseline, and reliability contingency cost recovery.
Residential/small non-residential decoupling tariff to be filed within 90 days of OPUC order; sunset Dec 31, 2025.
Final OPUC order expected by December 2023; stipulation subject to approval.

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