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Portland General Electric Announces Second Quarter 2023 Results

PR Newswire - Fri Jul 28, 2023

PORTLAND, Ore., July 28, 2023 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) today reported net income based on generally accepted accounting principles (GAAP) of $39 million, or $0.39 per diluted share, for the second quarter of 2023. After adjusting for the impact of the pre-tax $6.5 million Boardman revenue requirement settlement charge, second quarter 2023 non-GAAP net income was $44 million, or $0.44 per diluted share. This compares with GAAP net income of $64 million, or $0.72 per diluted share, for the second quarter of 2022.

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