Portland General Electric (POR) Tops Q1 EPS by 2c; Trims Fy16 EPS Outlook

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Go back to Portland General Electric (POR) Tops Q1 EPS by 2c; Trims Fy16 EPS Outlook

Portland General Electric Announces First Quarter 2016 Results

April 29, 2016 5:00 AM EDT

Construction continues at Carty, with a targeted in-service date by July 31, 2016 2016 guidance reduced from $2.20 - $2.35 to $2.05 - $2.20 due, primarily, to unfavorable wind and weather (approx. 12 cents EPS) and incremental costs to complete Carty (approx. 2 cents EPS) Economic conditions continue to be favorable with estimated weather-adjusted load growth in 2016 of 1 percent(1)

PORTLAND, Ore.--(BUSINESS WIRE)-- Portland General Electric Company (NYSE: POR) today reported net income of $61 million, or 68 cents per diluted share,... More