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MarketScreener Homepage  >  Equities  >  Nyse  >  Portland General Electric Company    POR

PORTLAND GENERAL ELECTRIC COMPANY

(POR)
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Portland General Electric : Announces More Than $140,000 in Grants to Local Groups Protecting Oregon's Environment

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08/14/2019 | 08:37am EDT

PORTLAND, Oregon, Aug. 13 -- Portland General Electric, is a fully integrated electric utility, issued the following news release:

Portland General Electric Company (NYSE: POR) recently presented $144,000 in environmental stewardship grants to 22 organizations located within the company's operations area in Oregon. These grants are part of PGE's overall philanthropic commitment to the community and focus on delivering quantifiable outcomes that contribute to enhancing and protecting natural habitats throughout the state.

"We're fortunate to have so many committed organizations working collaboratively to preserve and protect our natural areas and educate youth on what it means to be great environmental stewards," said Kregg Arntson, PGE's director of Corporate Social Responsibility. "Supporting environmental stewardship programs that improve air and water quality, and enhance natural habitats is an important part of our overall commitment to a clean energy future for Oregon and beyond."

For more than a century, PGE has invested in programs that reflect our customers' values, employees' interests and the needs of the communities we serve. PGE's environmental stewardship grants support projects that are focused on habitat restoration, fish protection, improving water quality and so much more.

"Thanks to the long-time support of PGE, we are able to teach the next generation about healthy watersheds and how to care for them," said Terry Turner, vice chair of the Oregon Council, Trout Unlimited'sClackamas River Chapter.

This year's grant recipients included:

* Crooked River Watershed Council for helping to improve water quality in the Crooked River Watershed.

* Ecology in the Classrooms and Outdoors' ecology enrichment programs for elementary students in the Portland Metro area.

* Lower Columbia Estuary Partnership's Streamside Stewardship program that helps build environmental leadership by connecting students and community members to their local natural area.

* Oregon Wildlife Foundation for protecting fish and improving habitat in the Deschutes River basin and the greater Portland area.

* Trout Unlimited, Clackamas River Chapter's annual Youth Conservation and Fly Fishing camp.

* Western Rivers Conservancy's efforts for permanently protecting 136-acres of fish and wildlife habitat along the Willamette River.

* * *

About Portland General Electric Company

Portland General Electric (NYSE: POR) is a fully integrated energy company based in Portland, Oregon, serving approximately 887,000 customers in 51 cities. For more than 130 years, PGE has been delivering safe, affordable and reliable energy to Oregonians. Together with its customers, PGE has the No. 1 voluntary renewable energy program in the U.S. With approximately 3,000 employees across the state, PGE is committed to helping its customers and the communities it serves build a clean energy future. For more information, visit PortlandGeneral.com/CleanVision.

© 2019 Targeted News Service, source News Service

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Financials (USD)
Sales 2019 2 089 M
EBIT 2019 361 M
Net income 2019 215 M
Debt 2019 2 460 M
Yield 2019 2,71%
P/E ratio 2019 23,3x
P/E ratio 2020 21,6x
EV / Sales2019 3,58x
EV / Sales2020 3,66x
Capitalization 5 023 M
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Number of Analysts 11
Average target price 51,45  $
Last Close Price 56,20  $
Spread / Highest target 3,20%
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Spread / Lowest Target -28,8%
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Maria MacGregor Pope President, Chief Executive Officer & Director
Jack E. Davis Chairman
James F. Lobdell CFO, Treasurer, Principal Accounting Officer & SVP
John Kochavatr Chief Information Officer & Vice President-IT
Neil J. Nelson Independent Director
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