Portland General Electric forecasts 5%-7% long-term EPS growth
POR•Portland General Electric projects long-term earnings per share and dividend growth of 5%-7%, based on earnings of $3.08 per share. It forecasts a $13.1 billion rate base by 2030 and $7.4 billion in capital spending from 2026 through 2030, excluding specified acquisition and project costs.
1. Growth outlook
Portland General Electric projects long-term earnings per share and dividend growth of 5%-7%, with earnings growth based on $3.08 per share. The company forecasts its rate base will reach $13.1 billion by 2030, compared with $7.5 billion in 2025, excluding the Washington utility acquisition.
2. Load and investment
Total load growth is projected at 3% annually through 2030, supported by sustained semiconductor and data center demand. Forecast capital spending for 2026-2030 totals $7.4 billion, excluding approximately $1.75 billion for projects executed in October 2026. The Washington utility acquisition is expected to boost earnings in its first full year and expand future rate base investment opportunities.
