OPUC approves $100M revenue increase for PGE in 2025 rate case; ROE set at 9.34%

PORTLAND GENERAL ELECTRIC CO /OR/

OPUC Final Order 24-454 approves annual revenue increase of $100M, down from $208M filed.
Authorized ROE of 9.34% (down from current 9.5%), cost of capital 6.991%, rate base $6.8B.
Clearwater wind center excluded from this case; prudency separate, target rate effective delayed to March 1, 2025.
OPUC invites PGE to file cost-recovery tracker for $375M Seaside battery energy storage system.
PGE sees no material impact to 2024 results; maintains long-term EPS and dividend growth guidance.

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