KeyBanc Starts Portland General Electric Company (POR) at Hold

KeyBanc initiates coverage on Portland General Electric Company (NYSE: POR) with a Hold.

The firm comments, "We view POR as a stable, fully regulated utility company transitioning to its next growth phase beginning 2013, with plans to address future generation resource and regional transmission needs. POR has the potential opportunity to add about $2 billion to its rate base through 2017 from competitive RFP processes currently underway and from the Cascade Crossing transmission project; however, risks would include fair and timely recovery of and on large capital spend with rate case filings from Oregon regulators."

For an analyst ratings summary and ratings history on Portland General Electric Company click here. For more ratings news on Portland General Electric Company click here.

Shares of Portland General Electric Company closed at $26.87 yesterday.

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