PGE releases plan for building on significant clean energy progress while maintaining reliability and affordability

Portland General Electric (PGE) has filed its 2026 Clean Energy Plan (CEP) and Integrated Resource Plan (IRP) with the Oregon Public Utility Commission (OPUC), asking the OPUC to approve a flexible approach that allows the company to balance affordability, reliability, and clean energy progress.

The plan builds on significant progress already made. Since 2021, when Oregon passed its Clean Energy Targets legislation (HB 2021), PGE and its customers have added thousands of MWs of renewable energy to the system. As a result of that progress, PGE's electricity is some of the cleanest per unit among utilities nationwide†, meaning we are meeting our customers' energy needs with increasingly clean energy.

"Portland General Electric and the state of Oregon have made significant progress reducing emissions while serving growing demand for energy," said Maria Pope, president and CEO of Portland General Electric. "This plan builds on that success with a flexible approach designed to keep Oregon moving forward while keeping customer rates as low as possible."

This Plan Presents a Flexible Path Forward

The 2026 Clean Energy Plan and Integrated Resource Plan outlines a range of pathways for continuing to make progress toward the state's goals of reducing greenhouse gas emissions while maintaining reliable service and managing customer costs. The plan details the emissions reductions that are possible - 60% to 80% relative to the HB 2021 baseline - under different procurement scenarios in which PGE would add between 3.4 and 6.7 GW of clean energy by 2030 while balancing customer cost, system reliability, and the feasibility of permitting and siting clean energy resources and infrastructure.

The plan recognizes that the pace of future development depends on factors affecting utilities across the West, including competition for renewable energy projects, transmission constraints, the regulatory environment, longer permitting timelines, and faster-than-expected growth in electricity demand. These factors can influence how quickly new energy resources can be developed and connected to the grid and are largely outside of PGE's control.

The plan also recognizes that affordability matters to customers. As PGE evaluates future energy needs and resource options, it must consider not only emissions reductions, but also the cost of adding new resources, the company's ability to secure low-cost financing for projects and the impacts those decisions could have on customer bills. Rising project costs, tariffs, and the loss of federal tax credits, which have historically lowered the cost of clean energy projects by 20-40%, all contribute to affordability concerns.

By establishing a range of outcomes, the plan provides flexibility to respond to changing market conditions, maximizing emission reductions while maintaining reliability and a focus on customer affordability.

"PGE is committed to continued progress on clean energy," said Pope. "This plan is a path forward. Achieving progress will require strong partnerships and timely action from regulators, state leaders and local governments to support the energy infrastructure Oregon needs."

What Happens Next?

The filing begins a public review process led by the Oregon Public Utility Commission.

In the coming months, regulators, consumer advocates, stakeholders, community organizations, Tribes and members of the public will have opportunities to review the plan and provide input. The OPUC will ultimately determine whether the plan meets applicable regulatory requirements and provides an appropriate path forward for serving customers.

PGE expects the review and approval process to last into Q2 of next year.

Review of Clean Energy Progress at PGE

• What we're doing today: This year, PGE announced agreements to secure 1,000 MW of new solar and battery storage. Those projects, all located in Oregon, are currently in development and are expected to begin serving customers in 2027 and 2028.

• What we're doing next: To secure the next round of resources needed to serve customers, PGE advanced 12 non-emitting projects totaling approximately 5,000 MW to the 2025 RFP final shortlist. While market conditions have made advancing projects through the traditional RFP pathway more challenging, PGE continues to target approximately 2,500 MW of additional resources through a broad portfolio of acquisition pathways.

• What the CEP/IRP calls for: Pending OPUC approval, this plan calls for new procurement processes to acquire an additional 3.4 to 6.7 GW of clean energy projects, with decisions inside that range to be based on operational feasibility and customer affordability.

Key Facts

• PGE filed its 2026 Clean Energy Plan and Integrated Resource Plan with the Oregon Public Utility Commission.

• Since 2021, when Oregon passed its Clean Energy Targets legislation (HB 2021), PGE and its customers have added thousands of MWs of renewable energy to the system.

• Today, PGE delivers some of the cleanest electricity per unit among utilities nationwide.

• The plan identifies the clean energy additions needed to achieve a range of emissions reductions while balancing cost, reliability and feasibility.

• Key challenges identified in the plan include competition for clean energy resources, transmission constraints, permitting delays, rising project costs, the loss of federal tax credits and growing demand.

• The filing begins a public regulatory review process expected to conclude in Q2 of next year.