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Portland General Electric (PGE) is an investor-owned electrical utility that distributes electricity to customers in parts of Portland, Oregon, as well as parts of Multnomah, Clackamas, Marion, Yamhill, Washington, and Polk counties - half of the inhabitants of Oregon. In 2002, PGE reported revenues of almost $1.9 billion, and earnings of $66 million. Portland skyline. ...
Multnomah County is a county located in the state of Oregon, the smallest in area but the largest in population due to Portland, the county seat and largest city in Oregon. ...
Clackamas County is a county located in the state of Oregon. ...
Marion County is a county located in the state of Oregon. ...
Yamhill County is a county located in the state of Oregon. ...
Washington County is a county located in the state of Oregon. ...
Polk County is a county located in the state of Oregon. ...
State nickname: Beaver State Other U.S. States Capital Salem Largest city Portland Governor Ted Kulongoski Official languages None Area 255,026 km² (9th) - Land 248,849 km² - Water 6,177 km² (2. ...
2002 is a common year starting on Tuesday of the Gregorian calendar. ...
Although PGE receives most of its electricity from the Bonneville Power Administration, it also produces its own power from a series of hydroelectric sites at dams on the Sandy, Clackamas, Willamette and Deschutes rivers, as well as a number of fossil fuel plants. Between 1976 and 1993, PGE operated the only nuclear power plant in Oregon. The Bonneville Power Administration (BPA) is a US self-financed federal agency headquartered in Portland, Oregon which transmits and sells wholesale electricity to Washington, Oregon, Idaho and western Montana. ...
Hydroelectricity, or hydroelectric power, is a form of hydropower, (i. ...
A power station (also power plant) is a facility for the generation of electric power. ...
The Sandy River is a tributary of the Columbia River, approxiately 50 mi (80 km) long, in northwestern Oregon in the United States. ...
The Clackamas River is a tributary of the Willamette River, approximately 85 mi (137 km) long, in northwestern Oregon in the United States. ...
The Willamette River (pronounced wil-LAM-met) is a tributary of the Columbia, approximately 240 mi (386 km) long, in northwestern Oregon in the United States. ...
Alternate meanings: Deschutes River (disambiguation) Deschutes River in central Oregon The Deschutes River is a river which runs through central Oregon and is a major tributary to the Columbia River. ...
Coal rail cars in Ashtabula, Ohio Fossil fuels, also known as mineral fuels, are hydrocarbon-containing natural resources such as coal, petroleum and natural gas. ...
1976 is a leap year starting on Thursday (link will take you to calendar). ...
1993 is a common year starting on Friday of the Gregorian calendar and marked the Beginning of the International Decade to Combat Racism and Racial Discrimination (1993-2003) Events Media:January January 1 - Czechoslovakia divides. ...
Nuclear power (also called nuclear energy) is energy generated from nuclear reactions and can be used for both military and non-military purposes. ...
Corporate Officers
PGE currently has 11 corporate officers, who include Peggy Y. Fowler (CEO and president, and James J. Piro (CFO, executive vice president, and treasurer). Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ...
The Chief Financial Officer (CFO) of a company is the person primarily responsible for financial planning and record-keeping. ...
History The utility was founded in 1889 by Patrick Morey and Edward Eastham as Willamette Falls Electric. This corporation installed a hydro-electric generator at Willamette Falls to provide electricity to Portland. In the process, this corporation completed the first long-distance transmission line in the United States on June 3 of that year. 1889 was a common year starting on Tuesday (see link for calendar). ...
Hydroelectricity, or hydroelectric power, is a form of hydropower, (i. ...
The Willamette Falls The Willamette Falls is a natural waterfall on the Willamette River between Oregon City and West Linn, Oregon. ...
Transmission towers Transmission lines in Lund, Sweden Electric power transmission, or more accurately Electrical energy transmission, is the second process in the delivery of electricity to consumers. ...
June 3 is the 154th day of the year in the Gregorian calendar (155th in leap years), with 211 days remaining. ...
Willamette Falls Electric changed its name several times before settling on Portland Electric Power in 1932. Portland Electric Power was reorganized as PGE in 1948. 1932 is a leap year starting on a Friday. ...
Ballot measures have been filed by activists several times since the 1960s to convert some or all of PGE into a Public Utility District (PUD), the latest of which was in 2003, and most have been unsuccessful. An exception was in 1999, when PGE announced it was selling its customer base in St. Helens, Scappoose, and Columbia City to West Oregon Electric PUD for $7.9 million. The terms of this sale would leave the physical assets of the distribution system -- the poles, wires and other components -- owned by Enron, who would then manage this system as a contractor exempt from state regulation. Voter distrust of both Enron and PGE was severe enough for them to approve the measure, despite $71,592 being spent in advertisements to oppose it, in comparison to the $2,304 spent by supporters. This resulted with those three cities becoming part of the Columbia River PUD on terms far more favorable to the customers; electricity rates immediately dropped in these cities, and remain lower than those for current PGE customers. In political science, the initiative (also known as popular or citizens initiative) provides a means by which a petition signed by a certain minimum number of registered voters can force a public vote on a proposed statute, constitutional amendment, charter amendment, or ordinance. ...
2003 is a common year starting on Wednesday of the Gregorian calendar. ...
1999 is a common year starting on Friday of the Common Era, and was designated the International Year of Older Persons by the United Nations. ...
St. ...
Scappoose is a city located in Columbia County, Oregon. ...
Columbia City is a city located in Columbia County, Oregon. ...
On July 1, 1997, Enron Corporation bought PGE for $2 billion in stock and $1.1 billion in assumed debt. Then in 1999, and again in 2001, Enron attempted to sell PGE to other investor-owned utilities. The corporate officers of PGE have claimed that this utility was not involved in the financial misdealings of its owner, pointing to the fact that many of its employees suffered when Enron froze the 401(k) retirement plan and were unable to sell the rapidly declining stock. However, John Forney, an energy trader who invented various electricity trading strategies such as the "Death Star", operated from the trading floor in the PGE corporate offices. July 1 is the 182nd day of the year (183rd in leap years) in the Gregorian Calendar, with 183 days remaining. ...
1997 is a common year starting on Wednesday of the Gregorian calendar, and was designated the International Year of the Reef. ...
Enron logo Enron Corporation is an energy trading, natural gas, and electric utilities company based in Houston, Texas that employed around 21,000 people by mid-2001, before it went bankrupt. ...
1999 is a common year starting on Friday of the Common Era, and was designated the International Year of Older Persons by the United Nations. ...
2001 is a common year starting on Monday of the Gregorian calendar. ...
The 401(k) plan is a type of retirement plan available in the United States. ...
The article on electrical energy is located elsewhere. ...
The Death Star is a moon-sized planetoid military space station in the fictional Star Wars universe. ...
Concerned by uncertainty that the Enron bankruptcy would bring, several local governments began investigation of acquiring PGE by condemnation. These studies were ended following the announcement on November 17, 2003 that a group called Oregon Electric Utility, led by former governor Neil Goldschmidt and backed by Texas Pacific Group, offered to buy PGE for $2.35 billion. This was the sole bid received by the bankruptcy judge, who has approved the bid. When details that Goldschmidt had been sexually involved with a minor in the 1970s emerged, he withdrew from the negotiations, and was replaced by Peter Kohler, president of the Oregon Health and Science University. In law, eminent domain is the power of the state to appropriate private property for its own use without the owners consent. ...
November 17 is also the name of a Marxist group in Greece. ...
2003 is a common year starting on Wednesday of the Gregorian calendar. ...
Neil Edward Goldschmidt (born June 16, 1940) is a former politician and businessman living in the State of Oregon and a member of the Democratic Party. ...
The Texas Pacific Group (commonly referred as TPG) is a private equity investment firm founded by David Bonderman, James Coulter and William Price in 1993. ...
Oregon Health & Science University (OHSU) is the present-day (2005) name for a university that can trace its roots back to the 1860s. ...
Many local groups voiced their suspicion that Oregon Electric Utility would be run to maximize profits short-term, rather than to the customers' benefits. These groups included Industrial Customers of Northwest Utilities, Associated Oregon Industries, the Citizen Utilities Board, as well as the majority of cities and local governments in PGE's service area. This purchase offer was denied by the Oregon Public Utilities Commission, a three-member regulatory board, on March 10, 2005. March 10 is the 69th day of the year in the Gregorian Calendar (70th in Leap years). ...
2005 is a common year starting on Saturday of the Gregorian calendar. ...
Discomfort over the Texas Pacific purchase led to a number of voter initiatives to convert parts of PGE into PUDs. PGE has so far defeated measures in Multnomah County (November 14, 2003), Yamhill County (March, 2004), and Clackamas County (May 18, 2004). In political science, the initiative (also known as popular or citizens initiative) provides a means by which a petition signed by a certain minimum number of registered voters can force a public vote on a proposed statute, constitutional amendment, charter amendment, or ordinance. ...
Multnomah County is a county located in the state of Oregon, the smallest in area but the largest in population due to Portland, the county seat and largest city in Oregon. ...
November 14 is the 318th day of the year (319th in leap years) in the Gregorian Calendar, with 47 days remaining. ...
Yamhill County is a county located in the state of Oregon. ...
Clackamas County is a county located in the state of Oregon. ...
May 18 is the 138th day of the year in the Gregorian Calendar (139th in leap years). ...
PGE received notice of a strike by 900 union workers, effective March 8, 2004, represented by the International Brotherhood of Electrical Workers. Points over which the negotiations broke down include retiree medical benefits as well as losses in the members 401(k) plan. This labor dispute was shortly afterwards resolved, and the union agreed to a new contract. A Union is a single entity which is a collection of two or more entities. ...
March 8 is the 67th day of the year in the Gregorian Calendar (68th in Leap years). ...
The International Brotherhood of Electrical Workers (IBEW) is a labor union which represents workers in the electrical industry in the United States and Canada, particularly electricians in the construction industry and linemen and other employees of public utilities. ...
With the rejection of the Texas Pacific Group's offer, the City of Portland has announced it has contacted Enron to resume negotiating an offer to purchase PGE.
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