Rate decision supports investments in battery storage, transmission infrastructure and maintenance to improve reliability for customers. PORTLAND, Ore., Dec. 20, 2024 /PRNewswire/ -- The Oregon Public Utility Commission (OPUC) issued its decision today in the 2025 rate review requested by Portland General Electric in February 2024. The resulting rate changes, ranging from 5.5% to 7.7% based upon customer type, will take effect January 1, 2025, and support infrastructure investments serving customers, including a local battery energy storage system designed to improve the availability of PGE's renewable energy sources and reduce the need to purchase power, and include investments to modernize infrastructure and technology. "PGE is working to keep prices as low as possible, knowing that customers depend on the energy we provide every day," said John McFarland, VP Chief Commercial and Customer Officer. "To achieve this, we are making investments in a smarter and stronger energy grid to reduce outages, connect to more carbon-free energy resources and protect against damage from extreme weather and wildfires." The Commission authorized a residential rate increase of 5.5%, the lowest rate change among customer classes. More than half the residential rate change consists of the result of increased power costs (1.9%) and an increase to mandated funding of the Energy Trust of Oregon (1.1%). The remaining 2.5% of the residential rate increase is for capital investments and upgrades to poles, wires, maintenance and technology to support service improvements. Estimated authorized rate increases beginning January 1, 2025 2025 Base Rates Power Costs Other Total Averages* 3.3 % 1.9 % 1.1 % 6.2 % Residential 2.5 % 1.9 % 1.1 % 5.5 % Commercial 4.3 % 1.9 % 1.3 % 7.5 % Industrial 2.8 % 2.5 % 0.7 % 6.0 % *Not all customer classes are represented in this chart Calculations of 2025 rates for each customer class will be finalized in a required PGE compliance filing with the Commission next week. The Commission's decision approved an expected revenue requirement increase of $98 million, which is approximately 54% recovery from PGE's final open brief filing of $182 million. The final order approved a capital structure of 50% debt and 50% equity and a return on equity (ROE) of 9.34%. PGE is evaluating the full impact of the order, which includes decisions on certain items related to operating and maintenance costs, PGE's fleet electrification and the Clearwater Wind Energy Center. As the Commission invited in its decision, PGE will submit a new filing to recover investments in the Seaside battery project with expedited review. PGE remains committed to customer affordability, carefully managing its cost structure and deploying resources for high-impact investments that provide maximum benefits to all stakeholders. In its decision, the Commission noted it is not aware of significant influence from large user demand growth in the adopted rate changes for 2025. In a separate filing with the Commission today, PGE filed a proposal (UE 430) to strengthen protections for residential and small business customers and fairly allocate the cost and risk of serving large amounts of electricity to new industrial customers. The proposal includes securing up-front payments and requiring long-term contractual commitments and exit fees, among other measures. These will help pay for system investments while giving new industrial 'large load' customers greater clarity about the cost and timing for the energy they are seeking. The rate review and approval process administered by the OPUC is an open, transparent public regulatory proceeding. Over the 11 months of the process, PGE provided nearly 2,000 pages of written testimony and responded to approximately 1,120 commission data requests and engaged with multiple intervenor groups. PGE is here to help customers with their energy use and costs. PGE is committed to helping customers access the energy they need. PGE has worked with the Commission and customer advocates to expand customer protections. PGE will suspend any disconnection for income-qualified bill discount (IQBD) customers and customers with medical certificates through March 31, 2025. In addition, PGE is forgiving up to $1000 past-due balances for the company's most vulnerable, lowest-income IQBD customers, and expanding cold-weather disconnection protections for all customers. Rising prices are a challenge for many customers and PGE is committed to helping customers access the energy they need. The company offers a variety of tools that help customers take control of their energy, such as usage dashboards, rebates, and incentives for energy efficiency. PGE continues to work to increase enrollment in its Income-Qualified Bill Discount program (IQBD) and offers a variety of assistance and resources for customers in need. To learn more about energy assistance, cost savings programs or tools to help manage your bill, visit portlandgeneral/save-money or portlandgeneral/help/resources For more information on rate making, visit Oregon/PUC About Portland General Electric Company Portland General Electric (NYSE: POR ) is an integrated energy company that generates, transmits, and distributes electricity to over 930,000 customers, serving an area of 1.9 million Oregonians. For more than 130 years, Portland General Electric (PGE) has powered social progress, delivering safe, affordable, reliable and increasingly clean electricity while working to transform energy systems to meet evolving customer needs. PGE has the largest voluntary renewable energy program in the country and was ranked the No. 1 utility in the 2024 Forrester U.S. Customer Experience Index. PGE is committed to reducing emissions from its retail power supply by 80% by 2030 and 100% by 2040. PGE is recognized by the Bloomberg Gender-Equality Index for the company's commitment to creating a more equal, inclusive workplace. In 2023, PGE employees, retirees and the PGE Foundation donated nearly $4.6 million and volunteered over 23,000 volunteer hours to more than 400 nonprofit organizations. For more information: portlandgeneral/news Safe Harbor Statement Statements in this press release that relate to future plans, objectives, expectations, performance, events and the like may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements represent our estimates and assumptions as of the date of this report. The Company assumes no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. Forward-looking statements include statements regarding the Company's full-year earnings guidance (including assumptions and expectations regarding annual retail deliveries, average hydro conditions, wind generation, normal thermal plant operations, operating and maintenance expense and depreciation and amortization expense) as well as other statements containing words such as "anticipates," "assumptions," "based on," "believes," "conditioned upon," "considers," "could," "estimates," "expects," "expected," "forecast," "goals," "intends," "needs," "plans," "predicts," "projects," "promises," "seeks," "should," "subject to," "targets," "will continue," "will likely result," or similar expressions. Investors are cautioned that any such forward-looking statements are subject to risks and uncertainties, including, without limitation: the timing or outcome of various legal and regulatory actions; changing customer expectations and choices that may reduce demand for electricity; the sale of excess energy during periods of low demand or low wholesale market prices; operational risks relating to the Company's generation and battery storage facilities, including hydro conditions, wind conditions, disruption of transmission and distribution, disruption of fuel supply, and unscheduled plant outages, which may result in unanticipated operating, maintenance and repair costs, as well as replacement power costs; delays in the supply chain and increased supply costs (including application of tariffs impacting solar module imports), failure to complete capital projects on schedule or within budget, failure of counterparties to perform under agreement, or the abandonment of capital projects, which could result in the Company's inability to recover project costs, or impact our competitive position, market share, revenues and project margins in material ways; default or nonperformance of counterparties from whom PGE purchases capacity or energy, which require the purchase of replacement power and renewable attributes at increased costs; complications arising from PGE's jointly-owned plant, including ownership changes, regulatory outcomes or operational failures; changes in, and compliance with, environmental laws and regulations, including those that govern emissions from thermal power plants; changes in weather, hydroelectric and energy market conditions, which could affect the availability, cost and required collateral for purchased power and fuel; changes in the availability and price of wholesale power and fuels; changes in customer growth, or demographic patterns, including changes in load resulting in future transmission constraints, in PGE's service territory; changes in capital and credit market conditions, including volatility of equity markets as well as changes in PGE's credit ratings and outlook on such credit ratings, reductions in demand for investment-grade commercial paper or interest rates, which could affect the access to and availability or cost of capital and result in delay or cancellation of capital projects or execution of the Company's strategic plan as currently envisioned; general economic and financial market conditions, including inflation; the effects of climate change, whether global or local in nature; unseasonable or severe weather conditions, wildfires, and other natural phenomena and natural disasters that could result in operational disruptions, unanticipated restoration costs, third party liability or that may affect energy costs or consumption; the effectiveness of PGE's risk management policies and procedures; PGE's ability to effectively implement Public Safety Power Shutoffs (PSPS) and de-energize its system in the event of heightened wildfire risk; cybersecurity attacks, data security breaches, physical attacks and security breaches, or other malicious acts against the Company or against Company vendors, which could disrupt operations, require significant expenditures, or result in claims against the Company; employee workforce factors, including potential strikes, work stoppages, transitions in senior management, and the ability to recruit and retain key employees and other talent and turnover due to macroeconomic trends; widespread health emergencies or outbreaks of infectious diseases, which may affect our financial position, results of operations and cash flows; failure to achieve the Company's greenhouse gas emission goals or being perceived to have either failed to act responsibly with respect to the environment or effectively responded to legislative requirements concerning greenhouse gas emission reductions; social attitudes regarding the electric utility and power industries; political and economic conditions; acts of war or terrorism; changes in financial or regulatory accounting principles or policies imposed by governing bodies; new federal, state, and local laws that could have adverse effects on operating results; and risks and uncertainties related to generation and transmission projects, including, but not limited to, regulatory processes, transmission capabilities, system interconnections, permitting and construction delays, legislative uncertainty, inflationary impacts, supply costs and supply chain constraints. As a result, actual results may differ materially from those projected in the forward-looking statements. Risks and uncertainties to which the Company are subject are further discussed in the reports that the Company has filed with the United States Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, and on the Company's website, href="" rel="nofollow" portlandgenera . Investors should not rely unduly on any forward-looking statements. Contact Info: PGE Communications, [email protected] ; 503-464-2067 Source: Portland General Company -30- SOURCE Portland General Company MENAFN20122024003732001241ID1109018628 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. 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Shapiro launches permit fast track programIt's been one month since the U.S. presidential election. And while Republicans and President-elect Donald Trump have been busy setting up a new White House administration, Democrats have spent the past four weeks trying to diagnose why they lost and how to move forward as a party. One person who thinks he has an answer to that is Ben Wikler, chairman of the Wisconsin Democratic Party. He's now running to become the new chairman of the national Democratic National Comittee because he says it's time to reassess what matters most to voters. RELATED STORY | DNC chair slams Bernie Sanders' criticism of Democratic Party "There's clearly a lot that we need to learn about what just happened, but one thing that jumps out is that a lot of voters who were taking it on the chin with high prices — frustrated by those prices — weren't hearing from either campaign and were voting for change," Wikler told Scripps News. "Well those voters, I think that we have a chance to reach out to them and say 'look, Democrats actually want to fight for an economy that works for working people and Trump wants to give multi-trillion tax cuts to billionaires at your expense. And that is a message we know can win because it's won downballot, it won in 2018, and it won in 2006 when George W. Bush tried to privatize social security." Meanwhile, the Supreme Court is currently hearing a potentially landmark case on gender affirming care for minors — which has been a big point for Democrats to campaign on. But a Scripps News/YouGov poll released early this year showed that more Americans support than oppose laws aimed at restricting transgender care for minors. RELATED STORY | Scripps News poll: Americans largely support restricting trans rights Wikler told Scripps News that if he were to be named chair of the DNC, it's a no-brainer that he'd support American's right to make their own private medical decisions without worrying about government intervention. "Republicans want to talk about trans issues and go on the attack against trans people because that is their way of trying to divide the public," he said. "People do disagree about this. Republicans want to focus on that disagreement and use attacks on trans people in order to distract folks from the big legislation that they are planning right now — which is a multi-trillion dollar tax cut for billionaires." "Democrats are always going to fight for people to have their basic personal freedom," Wikler continued. "And at the same time, we're going to fight against those who want to dismantle the federal government and the programs like social security and medicare and medicaid that people rely on for their their basic needs and health care." You can watch Scripps News' full interview with Ben Wikler in the video player above.

NATCHITOCHES, La. (AP) — Chris Mubiru had 13 points to lead Northwestern State to a 71-58 victory over North Alabama on Sunday. Mubiru finished 5 of 6 from the field for the Demons (3-4). Jerald Colonel scored 12 points and added six rebounds. Landyn Jumawan had 12 points with two 3-pointers. Jacari Lane finished with 14 points to lead the Lions (4-3). Will Soucie added 13 points and Canin Jefferson scored nine. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .

The NFL's security division is warning players to be aware of professional burglars targeting the homes of pro athletes. The Athletic reported Thursday that the NFL sent a memo to teams that outlines the threat. "The homes of professional athletes across multiple sports leagues have become increasingly targeted for burglaries by organized and skilled groups," read the memo, which was obtained by The Athletic. "Law enforcement officials have noted these groups appear to exploit team schedules to target athletes' homes on game days." NBC News reported Wednesday that law enforcement is working to figure out whether an international crime syndicate is involved. The Athletic reported that the memo includes tips for home security and also gives recommendations about the use of social media, such as not posting photos of items that would attract thieves. Players also learned via the memo how homes are targeted and how burglars enter. Mahomes hasn't said much about the burglary, other than to call it "disappointing" and "frustrating." "I can't get into too many of the details because the investigation is still ongoing," he said. "But obviously something that you don't want to happen to really anybody, but obviously yourself." It's not clear what was stolen from Mahomes' home in Belton, Mo., during the Oct. 6 incident. But Kelce apparently lost $20,000 in cash in the burglary at his home in Leawood, Kan., the following day when the Chiefs played the New Orleans Saints on "Monday Night Football," according to a police report. The burglary at the home of Milwaukee Bucks forward Bobby Portis in River Hills, Wis., occurred Nov. 2 during the Bucks' home game against the Cleveland Cavaliers, He said the perpetrators "took most of my prized possessions" and is offering a reward for the return of his property. "Any info that leads to the return of any of my belongings will be rewarded handsomely," Portis said. "Let me know, thank you." --Field Level MediaNEW YORK (AP) — Brian Thompson led one of the biggest health insurers in the U.S. but was unknown to millions of the people his decisions affected. Then Wednesday's fatal shooting of the UnitedHealthcare CEO in a targeted killing on a midtown Manhattan sidewalk thrust the executive and his business into the national spotlight. Thompson, who was 50, ran the insurance arm of the giant UnitedHealth Group Inc. since 2021 and had worked at the company for 20 years. He previously led its Medicare and retirement businesses. As CEO, Thompson led a business that provides health coverage to more than 49 million Americans — more than the population of Spain. United is the largest provider of Medicare Advantage plans, the privately run versions of the U.S. government’s Medicare program for people age 65 and older. The company also sells individual insurance and administers health-insurance coverage for thousands of employers and state-and federally funded Medicaid programs. The business run by Thompson brought in $281 billion in revenue last year, making it the largest subsidiary of the Minnetonka, Minnesota-based UnitedHealth Group. His $10.2 million annual pay package, including salary, bonus and stock options awards, made him one of the company's highest-paid executives. The University of Iowa graduate began his career as a certified public accountant at Pricewaterhouse Coopers and had little name recognition beyond the industry. Even to investors who own its stock, the parent company's face belonged to CEO Andrew Witty, a knighted British triathlete who has testified before Congress. Thompson’s few moments of public attention stood in contrast to his role in reshaping the way Americans get health care. At an investor meeting last year, he outlined his company's shift to “value-based care,” paying doctors and other caregivers to keep patients healthy, rather than focusing on treating them when they get sick. “Health care should be easier for people,” Thompson said at the time. “We are cognizant of the challenges. But navigating a future through value-based care unlocks a situation where the ... family doesn’t have to make the decisions on their own.” Thompson also drew attention in 2021 when the insurer, like its competitors, was widely criticized for a plan to start denying payment for what it deemed non-critical visits to hospital emergency rooms. “Patients are not medical experts and should not be expected to self-diagnose during what they believe is a medical emergency,” the chief executive of the American Hospital Association wrote in an open letter addressed to Thompson. “Threatening patients with a financial penalty for making the wrong decision could have a chilling effect on seeking emergency care.” United Healthcare responded by delaying rollout of the change. Thompson was scheduled to speak at an investor meeting when he was shot around 6:45 a.m. outside the New York Hilton Midtown by a masked assailant who fled on foot, the New York Police Department said. Chief of Detectives Joseph Kenny said investigators were looking at Thompson's social media accounts and interviewing employees and family members. He said Thompson walked out of the hotel alone. “Didn’t seem like he had any issues at all,” Kenny said. "He did not have a security detail.” AP reporter Michael R. Sisak contributed to this report. This story corrects the style of the company’s name to UnitedHealthcare.

Unraveling Tipu Sultan: History, Politics, and Perception

Minority Business Development Agency Releases Report on Closing Supply Chain Gaps with MBEs(The Center Square) – The State Board of Education (SBOE) on Friday approved the Texas Education Agency’s (TEA) proposal for Texas’ state-owned textbooks, known as Bluebonnet Learning. It passed by a vote of 8-7. It includes new Mathematics curriculum for K-8 students, new Language Arts material for K-5 students and additional instructional support for teachers. Gov. Greg Abbott lauded the vote, saying, “The passage of Bluebonnet Learning is a critical step forward to bring students back to the basics of education and provide the best education in the nation.” He also notes that the materials are voluntary and free for use. Parents and the public are able to access the materials at tea.texas.gov/bluebonnet . The “transformative educational materials ... will ensure young Texans have access to high-quality, grade-level appropriate curricula that will provide the necessary fundamentals in math, reading, science, and other core subjects and boost student outcomes across Texas,” Abbott said. The new curriculum stems from HB 1605, filed in 2023 by state Rep. Brad Buckley, R-Killeen, which passed the legislature and Abbott signed into law. It requires the TEA to provide Open Education Resources (OER) textbooks for core subjects, including reading and math for Pre-K to 8th grade. It also directed the TEA to appoint an advisory board to ensure the materials are high quality and compliant with state standards. The materials were subject to approval by the SBOE. The curriculum is voluntary, but school districts will receive additional funding if they use them. If they opt-in to use Bluebonnet Learning, a second stream of additional funding will be made available to defray printing costs. Abbott said in May when the materials were made available for public review that they will “provide the necessary fundamentals in math, reading, science, and other core subjects” and “allow our students to better understand the connection of history, art, community, literature, and religion on pivotal events like the signing of the U.S. Constitution, the Civil Rights Movement, and the American Revolution,” The Center Square reported . Of the several issues opponents criticized, chief among them is proposed curriculum in the Language Arts material related to Christianity and the Bible. The American Federation of Teachers-Texas Chapter also took issue with additional state funding only being made available to school districts that opt-in, arguing the process is unethical and violates educational standards. “Every educator in this state agrees to a Code of Ethics . Among the standards we are expected to uphold by the state of Texas is that we shall not exclude a student from participation in a program, deny benefits to a student, or grant an advantage to a student on the basis of race, color, gender, disability, national origin, religion, family status, or sexual orientation,” AFT-Texas Chapter President Zeph Capo said . “Texas has a way of forcing us to violate this standard, usually about the time that the Legislature ends its session and the governor puts his pen to the signature line of so many counterproductive, detrimental bills. Today, though, it is the State Board of Education that has put us in the position of defying our Code of Ethics once more. “On Nov. 22, in a close vote that crossed party lines and was separated only by a last-minute political appointee, the SBOE voted to approve Bluebonnet Learning materials as curriculum resources for Texas public school districts.” Capo also said the materials “are not just inappropriate – they’re bad at what they proclaim to do. Instructional experts have expressed deep concerns about the age-appropriateness of the materials and whether they will be effective reading instruction.” The vote was held after significant public input. On Monday, more than 150 people signed up to testify before the board about the curriculum. On Tuesday, board members took a preliminary vote, 8-7, indicating it had enough votes to adopt the curriculum. This is after thousands weighed in after the material was made public in May. “A highly transparent, three-month public feedback period began in May 2024, giving the public an opportunity to review and offer comments on the proposed materials. The SBOE also welcomed several hours of public testimony at its September meeting where additional feedback on the product was received. TEA used these comments and feedback to further refine, edit and ready the product for final submission as part of the SBOE’s Instructional Materials Review and Approval (IMRA) process - ensuring the materials are aligned with state standards and values,” the TEA explains. “The branding of Bluebonnet Learning began with feedback from teachers and parents seeking a clear, distinctive name to make the materials easier to recognize for educators and school systems. Bluebonnet Learning materials are Texas Open Education Resources (OER), meaning they are owned by the state, made available free to anyone, and can be modified over time to make them better for students and teachers.”TikTok star bringing his act to Las Vegas off-Strip resortAustralia is banning social media for people under 16. Could this work elsewhere - or even there?

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