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PGE asks Oregon regulators for another 3.9% rate increase for residential customers
KPTV • • business
Key Points:
- Portland General Electric (PGE) plans to file a general rate case next week with the Oregon Public Utility Commission, proposing a 4.8% overall rate increase effective July 1, 2027, pending approval.
- Residential customers would face an average monthly bill increase of 3.9%, or about $8.33 for a household using 780 kWh, to fund electric grid upgrades including wildfire risk mitigation and meter replacements.
- This proposal follows recent significant rate hikes: 8% in 2022, nearly 9% in 2023, and 18% in 2024, plus a 29% increase last month targeting large data centers under Oregon’s POWER Act.
- PGE aims to ensure that industrial growth pays for itself by proposing further rate increases for data centers and plans to cap annual base rate hikes in 2028 and 2029 to inflation rates.
- The Oregon Public Utility Commission will begin a public review process to evaluate PGE’s proposed investments and rate changes.
