Portland General Electric Proposes 29% Rate Increase for Data Centers While Cutting Rates for Other Customers
Portland General Electric (PGE) has filed a proposal with the Oregon Public Utility Commission to increase electricity rates by 29% specifically for large data center customers, while simultaneously reducing rates for residential and business consumers. This move aligns with the implementation of Oregon's new POWER Act, which creates separate billing categories for major power users.
Tickers: $POR
Topics: data centers energy utility regulation