Strong Execution Across Strategic Priorities
The company made significant advances in its five strategic priorities, including clean energy investments, customer price management, and economic development support.
Customer-Driven Growth
Sustained growth from data center and high-tech customers was reported, with a 16% increase compared to the same quarter last year.
Legislative and Regulatory Advancements
The Oregon legislature passed the POWER Act, and PGE worked on the FAIR Energy Act, which brings clarity to regulatory proceedings.
Financial Performance
Reported GAAP net income of $62 million or $0.56 per diluted share, with a non-GAAP net income of $73 million or $0.66 per share.
Demand Growth
Total load increased 4.9% overall and 6.1% weather-adjusted compared to Q2 2024.