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Portland General Electric
Portland General Electric (PGE) is a Fortune 1000, publicly traded energy company based in Portland, Oregon, that generates, transmits and distributes electricity, serving almost two-thirds of Oregon's commercial and industrial activity. PGE is regulated by the Oregon Public Utility Commission. Founded in 1888 as the Willamette Falls Electric Company, the company has been an independent company for most of its existence, though was briefly owned by the Houston-based Enron Corporation from 1997 until 2006, when Enron divested itself of PGE during its bankruptcy.
Notably, PGE does not serve all of Portland. Its service territory comprises most of Portland west of the Willamette River, sharing most of the city east of the river with Pacific Power.
PGE holds a mix of generation and storage facilities including hydropower, wind, solar, battery storage and thermal, as well as key transmission resources. The company's power plants have a combined generating capacity of more than 3,300 megawatts.
Following the Oregon House Bill 2021, which introduced new decarbonization goals, PGE announced to reduce emissions from its retail power supply by 80% by 2030 and 100% by 2040. As of 2025, a minority (45%) of PGE's electricity comes from non carbon emitting sources and the largest source of generation is natural gas.
The utility was founded in 1888 by Parker F. Morey and Edward L. Eastham as Willamette Falls Electric Company. On June 3, 1889, it sent power generated by one of four brush arc light dynamos at Willamette Falls over a 14-mile (23 km) electric power transmission line to Portland, the first US power plant to do so. On August 6, 1892, Morey, Frederick Van Voorhies Holman, and Henry Failing formed the Portland General Electric Company. It was funded by General Electric and the investment arm of Old Colony Trust, with $4.25 million in capital. The newly formed PGE Company purchased Willamette Falls Electric and the Albina Light & Water Company in 1892.
Less than a year later, in May 1893, PGE purchased the City-Eastside Electric Light Plant, a municipal power company. E. Kimbark MacColl, who chronicled the history of Portland, referred to it "a generous gift to a private company at the expense of future taxpayers" since it was constructed for a cost of $40,342 and sold 15 months later for $27,000.
In 1903, Henry W. Goode, the president of PGE, decided to make PGE a "popular public utility." His vision was for the company to light the Lewis and Clark Centennial Exposition in 1905. in 1903, he traveled to the east coast to raise $3,000 from shareholders. His plan went through, and Thomas H. Wright was put in charge of designing the lighting for the fair.
PGE also purchased the Union Power Company in 1905, and the Vancouver Electric Light & Power Company in 1906. In 1906, PGE, Portland Railway Company, and Oregon Water Power & Railway Company merged, becoming the Portland Railway, Light and Power Company (PRL&P). It was the only streetcar operator within Portland city limits, and the predecessor of the modern PGE.
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Portland General Electric
Portland General Electric (PGE) is a Fortune 1000, publicly traded energy company based in Portland, Oregon, that generates, transmits and distributes electricity, serving almost two-thirds of Oregon's commercial and industrial activity. PGE is regulated by the Oregon Public Utility Commission. Founded in 1888 as the Willamette Falls Electric Company, the company has been an independent company for most of its existence, though was briefly owned by the Houston-based Enron Corporation from 1997 until 2006, when Enron divested itself of PGE during its bankruptcy.
Notably, PGE does not serve all of Portland. Its service territory comprises most of Portland west of the Willamette River, sharing most of the city east of the river with Pacific Power.
PGE holds a mix of generation and storage facilities including hydropower, wind, solar, battery storage and thermal, as well as key transmission resources. The company's power plants have a combined generating capacity of more than 3,300 megawatts.
Following the Oregon House Bill 2021, which introduced new decarbonization goals, PGE announced to reduce emissions from its retail power supply by 80% by 2030 and 100% by 2040. As of 2025, a minority (45%) of PGE's electricity comes from non carbon emitting sources and the largest source of generation is natural gas.
The utility was founded in 1888 by Parker F. Morey and Edward L. Eastham as Willamette Falls Electric Company. On June 3, 1889, it sent power generated by one of four brush arc light dynamos at Willamette Falls over a 14-mile (23 km) electric power transmission line to Portland, the first US power plant to do so. On August 6, 1892, Morey, Frederick Van Voorhies Holman, and Henry Failing formed the Portland General Electric Company. It was funded by General Electric and the investment arm of Old Colony Trust, with $4.25 million in capital. The newly formed PGE Company purchased Willamette Falls Electric and the Albina Light & Water Company in 1892.
Less than a year later, in May 1893, PGE purchased the City-Eastside Electric Light Plant, a municipal power company. E. Kimbark MacColl, who chronicled the history of Portland, referred to it "a generous gift to a private company at the expense of future taxpayers" since it was constructed for a cost of $40,342 and sold 15 months later for $27,000.
In 1903, Henry W. Goode, the president of PGE, decided to make PGE a "popular public utility." His vision was for the company to light the Lewis and Clark Centennial Exposition in 1905. in 1903, he traveled to the east coast to raise $3,000 from shareholders. His plan went through, and Thomas H. Wright was put in charge of designing the lighting for the fair.
PGE also purchased the Union Power Company in 1905, and the Vancouver Electric Light & Power Company in 1906. In 1906, PGE, Portland Railway Company, and Oregon Water Power & Railway Company merged, becoming the Portland Railway, Light and Power Company (PRL&P). It was the only streetcar operator within Portland city limits, and the predecessor of the modern PGE.