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Portland GE ( (POR) ) has provided an update.
Portland General Electric (PGE) is making significant strides towards a cleaner energy future, having filed a plan in March 2023 to reduce emissions and shift towards a decarbonized grid by 2040 in compliance with Oregon law. By January 2024, the OPUC had given the green light to PGE’s resource plan, enabling them to seek out proposals for renewable and non-emitting energy resources. After a competitive bidding process overseen by an independent evaluator, PGE has shortlisted nine promising projects, comprising a mix of solar and battery storage solutions, to potentially negotiate contracts with. These efforts align with PGE’s commitment to environmental responsibility and the fulfillment of legislative greenhouse gas reduction mandates.
See more insights into POR stock on TipRanks’ Stock Analysis page.
