Portland General Electric Declares $0.525 Quarterly Dividend

Portland General Electric Company declared a quarterly cash dividend of $0.525 per common share, the board announced February 13, 2026. The dividend will be paid on or before April 15, 2026 to shareholders of record at the close of business on March 23, 2026. Read more dividend announcements.

The Oregon-based electric utility trades on the New York Stock Exchange under ticker symbol PGE.

2026 Earnings Guidance and Growth Targets

Portland General Electric reaffirmed its long-term earnings per share growth target of 5% to 7%, using a base of $3.08 per diluted share, the mid-point of original 2024 adjusted earnings guidance.

The company initiated full-year 2026 adjusted earnings guidance of $3.33 to $3.53 per diluted share. The forecast assumes weather-adjusted energy delivery growth of 2.5% to 3.5% and normal temperatures in its utility service area.

Operating and maintenance expenses are projected between $820 million and $840 million. That figure includes approximately $155 million related to wildfire mitigation, vegetation management, deferral amortization and other expenses offset elsewhere in the income statement, plus $15 million in business transformation and optimization expenses.

Depreciation and amortization expense is expected between $560 million and $580 million. The company projects cash from operations of $1 billion to $1.2 billion and capital expenditures of $1.655 billion.

Resource Procurement and Infrastructure Expansion

Portland General Electric recently entered storage capacity agreements for two 200 MW battery energy storage systems in Washington County, Oregon. The Meadowlark BESS, owned by Copenhagen Infrastructure Partners, carries a 20-year agreement with an estimated commercial operation date at the end of 2027. The Nottingham BESS, also a 20-year agreement, is scheduled for completion in 2028.

The utility also secured agreements for the Aspen Grove Solar and BESS project in Gilliam County, Oregon. The facility will feature 140 MW of solar generation and 100 MW of battery storage under a 30-year power purchase agreement, with an estimated commercial operation date at the end of 2027.

Portland General Electric plans to file for acknowledgement of the final shortlist for its 2025 All-source Request for Proposals with the Public Utility Commission of Oregon on February 17, 2026. The final shortlist totals approximately 5,000 MW of renewables and non-emitting capacity projects. The company expects to select approximately 2,500 MW from projects on the shortlist, prioritizing those with renewable generation and viable pathways to achieve commercial operations in the 2028 to 2030 window.