Portland GE Seeks Approval for Seaside Battery Costs

An announcement from Portland GE ( (POR) ) is now available.

On May 30, 2025, Portland General Electric Company (PGE) filed a request with the Public Utility Commission of Oregon to recover the revenue requirement for its Seaside Battery Energy Storage System, a 200 MW facility expected to be operational by August 21, 2025. The filing seeks an annualized revenue requirement increase of $47 million, with a rate base increase of $257 million, and aims to include the Seaside tracker in customer prices by October 31, 2025, under a new expedited cost-recovery option. The outcome of the regulatory process remains uncertain.

The most recent analyst rating on (POR) stock is a Hold with a $46.00 price target. To see the full list of analyst forecasts on Portland GE stock, see the POR Stock Forecast page.

Spark’s Take on POR Stock

According to Spark, TipRanks’ AI Analyst, POR is a Outperform.

Portland GE’s financial performance and future growth prospects are strong, offset by leverage and capital expenditure concerns. Technical indicators suggest neutral to slight bearish sentiment, while the valuation remains reasonable with a solid dividend yield. The earnings call provides a balanced outlook with positive growth prospects tempered by challenges in net income and expenses.

To see Spark’s full report on POR stock, click here.

More about Portland GE

Portland General Electric Company (PGE) operates in the energy industry, focusing on electricity generation and distribution. The company is involved in developing and managing energy storage solutions, such as the Seaside Battery Energy Storage System, to enhance its service offerings and market presence.

Average Trading Volume: 1,102,551

Technical Sentiment Signal: Hold

Current Market Cap: $4.66B

For an in-depth examination of POR stock, go to TipRanks’ Stock Analysis page.