PGE files $225M rate case with Oregon PUC seeking ~7.4% revenue increase

PORTLAND GENERAL ELECTRIC CO /OR/

$225M annual revenue increase request (~7.4% overall price hike) based on 2025 test year.
Requested ROE 9.75%, cost of capital 7.189%, rate base $7.5B with 50/50 debt-equity structure.
Cost recovery for non-emitting battery projects, transmission/distribution upgrades, and grid reliability investments.
OPUC final order targeted by end of 2024; new customer prices expected Jan 1, 2025.
Separate Annual Power Cost Update Tariff filed seeking $37M for higher net variable power costs in 2025.

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