In March, Portland General Electric requested a 7.4% increase but increased that request last month. Pacific Power has also requested a rate hike, of 11.9%.
In March, Portland General Electric requested a 7.4% increase but increased that request last month. Pacific Power has also requested a rate hike, of 11.9%.
Rate increases are only for capital expenditures. So no it’s not for shareholder value. It’s for a rainy day fund. It’s tied to improving the grid.
Electrics companies are regulated and all op ex cost are expenses to the company. Cap ex dollars are used to raise rates.
You could be able to find a break down of what they want to spend the money on as part of their capital plan.