PGE reports record clean energy resources in newly released 2024 Environmental, Social and Governance Report, "Advancing Toward a Clean Energy Future"

Rhea-AI Summary

Portland General Electric (PGE) reported significant achievements in its 2024 Environmental, Social and Governance Report. The company reached a record 45% of energy from non-carbon-emitting resources, showing a 7% compounded growth rate since 2020 toward its net-zero 2040 goal.

Key highlights include:

• Integration of new Clearwater Wind Energy Center and battery storage systems
• 24% of residential households participated in voluntary demand-shift programs
• Achieved 100-megawatt demand reduction during a July heatwave
• Ranked #1 by NREL for largest customer participation in renewable energy programs
• Record fish returns at hydro facilities
• $5.5 million in total company charitable giving
• 23,000 employee volunteer hours with 66% participation rate

Positive

• Record 45% energy from non-carbon sources, up 7% since 2020
• Successfully integrated new wind and battery storage facilities
• Achieved 100MW demand reduction during peak period
• #1 ranking for customer participation in renewable energy programs
• 24% residential participation in demand-shift programs

Negative

• None.

In 2024, PGE saw increases in clean energy resources, large customer participation in voluntary clean energy programs, record fish returns at hydro facilities and increases in employee volunteerism.

PORTLAND, Ore., March 5, 2025 /PRNewswire/ -- Portland General Electric (PGE) today reported a record 45% of the energy it generated and procured came from non-carbon-emitting resources in 2024. This represents a 7% compounded growth rate in PGE's non-emitting resource mix since 2020, building on the company's commitment to reach net-zero by 2040.

The data was reported in the company's 2024 Environmental, Social and Governance Report, "Advancing Toward a Clean Energy Future," which details the company's progress in creating resilient energy, thriving communities, and ethical governance.

The increase in clean energy is partly due to new renewable resources including the Clearwater Wind Energy Center and battery storage systems which brought increased availability and reliability to PGE's energy mix. These systems, along with the rest of PGE's technology and infrastructure, work together to provide reliable, clean energy even when the wind doesn't blow and the sun doesn't shine.

"While we work to meet the challenges of Oregon's ambitious clean energy targets, we also remain firmly committed to providing safe, reliable power as affordably as possible," said Kristen Sheeran, PGE's Vice President of Policy and Resource Planning.

The role of PGE customers in support of a modern, reliable grid also increased in 2024. Twenty-four percent of PGE's residential households participated in voluntary programs to shift energy use and lend flexibility to the grid during times of peak demand. The result, during a two-day heatwave in July, was a more than 100-megawatt reduction in demand, which PGE equated to the energy used by 90,000 homes over a four-hour period.

2024 was also the 15^th year in a row in which PGE has achieved a Number One ranking from the U.S. Department of Energy's National Renewable Energy Laboratory for the largest customer participation in a renewable energy program among U.S. electric utilities.

Additionally, strong environmental stewardship at PGE's hydro facilities led to record-setting fish returns on the Clackamas and Deschutes Rivers. This includes the highest steelhead return to Round Butte Dam since dams were completed in the 1960s.

Employee and corporate giving also increased. The total company charitable giving from corporate contributions, PGE Foundation, current and retired employees and company match was $5.5 million in 2024. PGE awarded 55 scholarships, focused on higher education for underrepresented students, women and students with demonstrated financial need. Employees and retirees donated nearly 23,000 total volunteer hours, and 66% of PGE employees participated in charitable giving and/or volunteerism.

To read the full 2024 Environmental, Social and Governance Report, "Advancing Toward a Clean Energy Future," visit portlandgeneral.com/sustainability.

About Portland General Electric Company
Portland General Electric (NYSE: POR) is an integrated energy company that generates, transmits and distributes electricity to over 950,000 customers serving an area of 1.9 million Oregonians. Since 1889, Portland General Electric (PGE) has been powering social progress, delivering safe, affordable, reliable and increasingly clean electricity while working to transform energy systems to meet evolving customer needs. PGE customers have set the standard for prioritizing clean energy with the No. 1 voluntary renewable energy program in the country. PGE was ranked the No. 1 utility in the 2024 Forrester U.S. Customer Experience Index and is committed to reducing emissions from its retail power supply by 80% by 2030 and 100% by 2040. In 2024, PGE employees, retirees and the PGE Foundation donated $5.5 million and volunteered nearly 23,000 hours to more than 480 nonprofit organizations. For more information visit www.PortlandGeneral.com/news

Contact Info:
PGE Communications, PGECommunications@pgn.com; 503-464-2067

Source: Portland General Company

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SOURCE Portland General Electric

FAQ

What percentage of PGE's energy came from clean sources in 2024?

45% of PGE's generated and procured energy came from non-carbon-emitting resources in 2024, representing a 7% growth rate since 2020.

How much energy demand reduction did PGE achieve during the July 2024 heatwave?

PGE achieved over 100-megawatt demand reduction during a two-day heatwave, equivalent to the energy used by 90,000 homes over four hours.

What percentage of PGE residential customers participated in demand-shift programs?

24% of PGE's residential households participated in voluntary programs to shift energy use during peak demand periods.

How much did PGE contribute to charitable causes in 2024?

PGE's total charitable giving, including corporate contributions, PGE Foundation, employee donations, and company match, reached $5.5 million in 2024.