OPUC Approves PGE Price Changes for 2018

Changes reflect system investments in safety, reliability and security

PORTLAND, Ore.–(BUSINESS WIRE)–The Oregon Public Utility Commission has announced approval of an
overall price increase for Portland General Electric Company (NYSE: POR)
customers of about 0.89 percent beginning Jan. 1, 2018. The new prices
reflect PGE’s continued system investments to protect against service
disruptions from storms, earthquakes and cyberattacks, and enhance power
supply flexibility for efficient integration of more renewable energy.
Together with other adjustments currently at the OPUC for review, this
will result in an overall price increase of about 2.3 percent. A typical
residential customer, using an average of 820 kilowatt hours per month,
will see their average monthly bill go up about $4, from $97 to $101.

“We do not take price increases for electric service lightly,” said, Jim
Piro, CEO. “The new prices reflect extensive analysis and review by
regulators and stakeholders, as well as our own team here at PGE. The
updated prices support necessary investments in a stronger and more
flexible grid that will help keep our service reliable and resilient.”

The OPUC’s action on prices for 2018 is the culmination of a 10-month
independent review process that includes active participation by
customer advocates and other stakeholders, as well as representatives
from PGE.

Across the major customer categories, the overall average price changes,
including other adjustments, starting in January are:

The impact of specific price changes varies for individual customers
depending on the amount of power they use each month and their customer
category. Price differences among customer categories reflect PGE’s
varying cost to serve those customers. Because the 2018 price increase
covers investments in the distribution system which affect more
residential customers than business customers, residential customers
will receive a higher price impact.

Information on OPUC actions regarding PGE prices is available online at www.oregon.gov/puc.

About Portland General Electric Company: Portland General
Electric (NYSE: POR) is a fully integrated energy company based in
Portland, Ore., serving approximately 873,000 customers in 51 cities.
For more than 125 years, PGE has been delivering safe, reliable energy
to Oregonians. With 2,700 employees across the state, PGE is committed
to building a cleaner, more efficient energy future. Together with its
customers, PGE has the No. 1 voluntary renewable energy program in the
U.S. For more information visit PortlandGeneral.com.

Contacts

PGE
Steve Corson, 503-464-8444
[email protected]