Portland General Electric requests 14% rate increase

PGE filed a GRC based on a 2024 test year requesting an increase that, when including Colstrip related adjustments through a supplemental tariff, results in an overall average increase of approximately 14% in customer prices for 2024. The requested price increase includes an approximate 4.5% increase as a result of higher Net Variable Power Costs expected in 2024. The NVPC projection will be updated periodically during 2023. The company’s 2024 GRC filing seeks recovery of investments to modernize our grid to meet growing demand, withstand extreme weather events, support increased renewable energy growth and reflect the rate of inflation since our last rate case in 2022, all in service of our capability to deliver safe, reliable, clean electricity to customers.