Portland General Electric traded at $51.01 this Tuesday June 23rd, increasing $0.82 or 1.63 percent since the previous trading session. Looking back, over the last four weeks, Portland General Electric gained 2.35 percent. Over the last 12 months, its price rose by 26.70 percent. Looking ahead, we forecast Portland General Electric to be priced at 49.15 by the end of this quarter and at 46.17 in one year, according to Trading Economics global macro models projections and analysts expectations.
Portland General Electric Company (PEG) is an integrated electric utility company that is engaged in the generation, transmission, distribution, and retail sale of electricity in the state of Oregon. The Company’s natural gas-fired generating facilities, which include Port Westward Unit 1 (PW1), Port Westward Unit 2 (PW2), and Beaver. PEG’s natural gas-fired generating plants are located near Clatskanie, Oregon, and to the North Mist storage facility. PGE owns and operates wind farms, Biglow Canyon Wind Farm (Biglow Canyon) and Tucannon River Wind Farm (Tucannon River). Biglow Canyon, which is located in Sherman County, Oregon. Tucannon River, which is located in southeastern Washington. The Company’s licensed hydroelectric projects consist of Pelton/Round Butte on the Deschutes River near Madras, Oregon, four plants on the Clackamas River, and one on the Willamette River.