Latest news with #PortlandGeneralElectric
Yahoo
4 days ago
- Business
- Yahoo
Portland General Electric layoffs impact dozens of workers Tuesday
PORTLAND, Ore. (KOIN) – Portland General Electric laid off dozens of its employees Tuesday. A spokesperson confirmed the staff reductions, which impacted 53 of the company's employees, to KOIN 6 News on Wednesday. PGE also closed 154 open positions and closed 123 contract worker positions. Portland bridges see extended lifts Wednesday for NOAA survey work A PGE spokesperson shared the following statement: 'Society's need for electricity is growing rapidly at the same time we are transitioning to cleaner energy and strengthening the grid to address the growing risk of wildfire and extreme weather. All these needed investments put pressure on costs and customer bills. Yesterday, as part of Portland General Electric's ongoing work to keep bills as low as possible, we made strategic staffing reductions that impacted 330 positions, including 53 full-time employees,123 contract worker positions, and closing 154 unfilled open positions.' These layoffs come amid several other layoffs impacting state residents, including those working for the Oregon Department of Transportation and Intel. Stay with KOIN 6 News as this story develops. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
09-07-2025
- Business
- Yahoo
Why Philip Morris, CubeSmart, And Portland General Electric Are Winners For Passive Income
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Philip Morris, CubeSmart, and Portland General Electric have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of around 3% to 5%. Philip Morris International Inc. (NYSE:PM) is a multinational tobacco company that offers cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products under the IQOS and ZYN brands. Don't Miss: Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. . GoSun's Breakthrough Rooftop EV Charger Already Has 2,000+ Units Reserved — Philip Morris has raised its dividends every year for the past 17 years. In its most recent dividend hike announcement on Sept. 12, the company increased the quarterly payout from $1.30 to $1.35 per share, equaling an annual figure of $5.40 per share. More recently, in its dividend announcement on June 13, the company maintained the payout at the same level. The current dividend yield on the stock is 3.07%. The company's annual revenue as of March 31 stood at $38.39 billion. The company on April 23 posted Q1 2025 revenues of $9.30 billion and EPS of $1.69, both beating the consensus estimates. Check out this article by Benzinga to learn how much you would have made owning Philip Morris stock in the last 5 years. Trending: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — CubeSmart (NYSE:CUBE) is a real estate investment trust that acquires, owns and manages self-storage facilities throughout the U.S. CubeSmart has increased its dividends consecutively for the last 15 years. In its most recent dividend hike announcement on Dec. 13, the company's board raised the quarterly payout by 2% to $0.52 per share, equal to an annual figure of $2.08 per share. More recently, in its dividend announcement on May 20, the company maintained the payout at the same level. The current dividend yield on the stock is 4.83%. The company's annual revenue as of March 31 stood at $1.08 billion. The company on May 1 posted Q1 2025 revenues of $273.04 million and EPS of $0.64, both beating Street expectations. Check out this article by Benzinga for eight analysts' insights on General Electric Co. (NYSE:POR) is an integrated electric utility company, that generates, purchases, distributes, and sells electricity in the state of Oregon. Portland General Electric has raised its dividends every year for the last 19 years. In its most recent dividend hike announcement last April 18, the company increased the quarterly payout by 5% to $0.525 per share, equal to $2.10 per share annually. The current dividend yield on the stock stands at 5.16%. The company's annual revenue as of March 31 stood at $3.44 billion. In its most recent earnings release on April 25, it posted Q1 2025 revenues of $928 million and EPS of $0.91, both missing the consensus estimates. Philip Morris, CubeSmart, and Portland General Electric are good choices for investors seeking reliable passive income. Their dividend yields of around 3% to 5% and long history of consistent hikes make them attractive to income-focused investors. Read Next: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Image: Shutterstock This article Why Philip Morris, CubeSmart, And Portland General Electric Are Winners For Passive Income originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-06-2025
- Business
- Yahoo
Portland General Electric schedules earnings release and conference call for Friday, July 25
PORTLAND, Ore., June 25, 2025 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) announced today that it will host an analyst conference call and webcast at 11 a.m. ET on Friday, July 25, to review its second quarter 2025 financial results. Portland General Electric plans to release its second quarter 2025 earnings summary before financial markets open in the United States on July 25. The conference call will be hosted by Maria Pope, President and CEO; Joe Trpik, Senior Vice President of Finance and CFO; and Nick White, Manager of Investor Relations. To hear the conference call by webcast, log on to Portland General Electric's investor website at select Events & Presentations from the menu, and the webcast will be listed under Upcoming Events. A replay of the webcast will be available beginning at 2 p.m. ET on July 25. The webcast replay will be listed under Archived Events within the investor website Events & Presentations page. 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 For more information please contact:Nick White, PGE, 503-464-8073 Source: Portland General Company View original content to download multimedia: SOURCE Portland General Company
Yahoo
25-06-2025
- Business
- Yahoo
Portland General Electric schedules earnings release and conference call for Friday, July 25
PORTLAND, Ore., June 25, 2025 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) announced today that it will host an analyst conference call and webcast at 11 a.m. ET on Friday, July 25, to review its second quarter 2025 financial results. Portland General Electric plans to release its second quarter 2025 earnings summary before financial markets open in the United States on July 25. The conference call will be hosted by Maria Pope, President and CEO; Joe Trpik, Senior Vice President of Finance and CFO; and Nick White, Manager of Investor Relations. To hear the conference call by webcast, log on to Portland General Electric's investor website at select Events & Presentations from the menu, and the webcast will be listed under Upcoming Events. A replay of the webcast will be available beginning at 2 p.m. ET on July 25. The webcast replay will be listed under Archived Events within the investor website Events & Presentations page. 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 For more information please contact:Nick White, PGE, 503-464-8073 Source: Portland General Company View original content to download multimedia: SOURCE Portland General Company Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-06-2025
- Business
- Yahoo
Conservationists try to stop PGE appeal tied to Forest Park transmission line project
PORTLAND, Ore. () — Three organizations want to block Portland General Electric's attempt to reverse the city's rejection of its . Forest Park Conservancy, Forest Park Neighborhood Association and Bird Alliance of Oregon announced on Thursday that they had filed a motion to intervene in the utility company's appeal. PGE in late May, about a month after Portland City Council denied its proposal to axe 376 trees from five acres of Forest Park. Documentary coming to Portland unpacks '80s music scene's connection with Vietnamese youth The company planned to remove the trees to make way for a new quarter-mile transmission line, and to upgrade a pre-existing line, on the 5,200-acre property. While PGE has claimed the project is 'urgently needed and the least impactful' way to maintain 'reliable power,' conservationists have argued it would hinder plant and animal communities. 'We are disappointed that PGE has chosen to challenge the City Council's decision,' FPC Executive Director Scott Fogarty said in a statement. 'We will continue to stand by our responsibility to protect Forest Park under long-standing policy and to represent the voices of our community.' The of the project earlier this year, saying it conflicts with Portland's 30-year-old plan for managing the park's natural resources. Commission co-chairs noted previous transmission line failures that have caused wildfires, although PGE has said the proposal could mitigate wildfire risks. Newberg vineyard workers arrested in targeted ICE raids: Salinas Portland officials have received more than 3,000 comments in opposition to PGE's plan since January, according to the three organizations that filed the motion to intervene. A following a public hearing that same month, but FPC soon responded with an appeal of its own. In their unanimous decision to reverse the hearings officer's approval, councilors said the utility company failed to show how the project would provide a 'material carbon reduction.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
