Report
Travis Miller
EUR 147.86 For Business Accounts Only

Management Meeting: Decision To Pursue 2018 Rate Case Could Come Soon

We are reaffirming our $33 fair value estimate, along with our narrow moat and stable moat trend ratings, for Portland General Electric, or PGE, after meeting with senior management at the Edison Electric Institute Financial Conference in Phoenix, Arizona.
The biggest near-term decision management faces going into 2017 is whether or not to seek new rates in January 2018. PGE has gone through two mostly amicable rate proceedings in 2015 and 2016, but its allowed return on equity has come down and...
Underlying
Portland General Electric Company

Portland General Electric is an electric utility engaged in the generation, purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. The company also participates in the wholesale market by purchasing and selling electricity and natural gas. The company's generating facilities consist of thermal plants (natural gas- and coal-fired), wind farms, and hydroelectric. The company owns or has contractual rights associated with transmission lines that deliver electricity from its generation facilities to its distribution system in its service territory and also to the Western Interconnection.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Travis Miller

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