Portland General Electric (POR) Tops Q2 EPS by 3c

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Portland General Electric Announces Second Quarter Results

July 28, 2015 5:00 AM EDT

Reaffirms 2015 Earnings Guidance

PORTLAND, Ore.--(BUSINESS WIRE)-- Portland General Electric Company (NYSE: POR) today reported net income of $35 million, or 44 cents per diluted share, for the second quarter of 2015. This compares with net income of $35 million, or 43 cents per diluted share, for the second quarter of 2014. Net income was comparable quarter over quarter as increased energy deliveries and the incremental earnings contribution from new generating resources were largely offset by the impact of higher net variable power costs (NVPC) in the second quarter of 2015 when... More