PGE Seeks 7.4% Rate Increase for 2025
Portland General Electric has filed a request for a 7.4% rate increase in 2025 to support investments in local battery energy storage systems, following a 17% rate increase approved for this year. The request is now under review by the Oregon Public Utility Commission, which will conduct a 10-month review process. PGE has also expanded its income-based discount program, offering up to 60% discounts to eligible customers, and has seen a 65% growth in program enrollment since 2022. The rate hike request comes after PGE suffered a $30 million loss from a January 2024 ice storm, prompting concerns from consumer advocates about the impact of multiple rate increases on customers.