PORTLAND, Ore., Feb. 16, 2023 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) today reported net income based on generally accepted accounting principles (GAAP) of $233 million, or $2.60 per diluted share, for the year ended December 31, 2022, which includes the $0.14 per diluted share Wildfire and COVID deferral reversal charge resulting from the Oregon Public Utility Commission's (OPUC) 2022 General Rate Case (GRC) Final Order deferral earnings test. After adjusting for the impact of the deferral reversal charge, non-GAAP net income was $245 million, or $2.74 per diluted share. This compares with GAAP net income of $244 million, or $2.72 per diluted share, for the year ended December 31, 2021. GAAP net income was $50 million, or $0.56 per diluted share, for the fourth quarter of 2022. This compares with GAAP net income of $66 million, or $0.73 per diluted share, for the fourth quarter of 2021.
Read more at prnewswire.comhello world
Provided Content: Content provided by PR Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.
