PGE delivers on commitment to ensure growth pays for growth

Portland, Ore. - Portland General Electric (PGE) today filed for regulatory approval on new rates associated with UM2377, the regulatory docket that implements Oregon's POWER Act. The following rate changes are scheduled to take effect on June 10, 2026, pending review and approval from the Oregon Public Utility Commission:

• Large-load data center customers: 29% increase

• Residential customers: 1.3% decrease

• Small business customers: 3.7% decrease

• Commercial customers: 2.2% decrease

• Industrial customers: 1.5% decrease

"Oregon is building a modern regulatory framework that supports responsible growth while keeping customer affordability front and center," said John McFarland, Chief Customer Officer at PGE. "As energy demand from large-energy users grows, this approach helps ensure the costs of new infrastructure are paid by the customers driving that growth, protecting residential and small business customers while continuing to support economic development across our region."

On May 7, PGE secured regulatory approval from the Oregon Public Utility Commission to become the first utility in Oregon to implement the POWER Act, adopting a new customer class specifically for data centers and a new framework to fairly allocate costs based on growth. PGE also received authorization for proposals aimed at responsibly managing data center growth, including exit fees, minimum charges and special contracts to support clean energy development.

"When communities decide to bring in a new large energy user, whether a data center, manufacturer or local employer, PGE takes its responsibility seriously to serve them safely and reliably, just as we serve every household and business across our region," said McFarland.

For more information about these rate changes and the regulatory decision on data center costs, visit the Oregon Public Utility Commission website .