- Portland General Electric (PGE) is a utility company headquartered in Portland, Oregon, specializing in gas and electric services, with a market cap of $5.1 billion and a commitment to reliability and customer service.
- In February 2026, PGE announced a $1.9 billion acquisition of select Washington state utility operations and assets from PacifiCorp, aimed at expanding its service to approximately 140,000 new customers.
- PGE has partnered with Manulife Investment Management for the acquisition and is also developing two solar and battery hybrid projects totaling 615 MW, enhancing its renewable energy portfolio.
- PGE's ideal buyer includes residential and industrial customers in the Pacific Northwest seeking reliable and affordable energy solutions, particularly as the company aims for a 5% to 7% long-term earnings growth amidst increasing demand for sustainable energy.
Portland General Electric employs a diverse workforce across seven departments, with a total headcount of 2,920. The largest department is 'Other,' which comprises 32 employees, followed by Information Technology with 9 employees. The remaining departments, including Executive, Media and Communications, Engineering, Education, and Operations, each have minimal representation, indicating a lean organizational structure focused on core operational functions.
The company's workforce is distributed across 12 locations, with the highest concentration in Portland, OR, housing 24 employees. Other notable locations include Molalla, OR, with 4 employees, and Hillsboro, OR, with 2. The presence of 'Other' locations, accounting for 8 employees, suggests a distributed workforce model, enhancing operational flexibility across various regions.
