Company: POR
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000784977-25-000172
Chunk: 53

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 53
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 provide non-emitting dispatchable capacity and renewable generation. 

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After a robust and competitive bidding process performed in accordance with Oregon's competitive bidding rules, and with the active participation of, and oversight by, an OPUC-selected third-party independent evaluator, on September 17, 2024, PGE submitted a request for acknowledgement of the final shortlist of bidders to the OPUC. The final shortlist was acknowledged by the OPUC, with conditions, on November 19, 2024.

Following passage of  House Resolution 1, the One Big Beautiful Bill Act (OBBB), on July 4, 2025, PGE provided an opportunity for all conforming 2023 RFP bidders to refresh their pricing to capture the impacts of the new legislation and recent trade tariffs. Evaluation of refreshed bids, including updates to bid scoring and ranking, was performed in collaboration with an OPUC-selected third-party independent evaluator.

On October 1, 2025, PGE submitted a regulatory filing to the OPUC requesting acknowledgement of an updated final shortlist of bidders for the 2023 RFP to meet PGE’s articulated resource needs, as shown in the table below:

2023 RFP Updated Final ShortlistProjectTechnologyStructure MWCompany-owned MW1Solar, BatteryBTA2502502Solar, BatteryHybrid(1)3651753BatteryBTA400400

(1) Hybrid commercial structure includes a PPA portion and a Company-owned portion via a build transfer agreement (BTA) for project resources

The Company has requested acknowledgement of the updated final shortlist by the end of the year to enable PGE to finalize contract negotiations, keep project costs as low as possible, make continued progress towards Oregon’s decarbonization goals and support system reliability needs as identified in the 2023 Integrated Resource Plan and Clean Energy Plan update. PGE is proceeding to commercial negotiations with bidders for projects on the updated final shortlist and expects finalization of contracts for projects that meet selection criteria by the end of 2025 or in the first quarter of 2026, with projects in service by the end of 2027.

The 2023 RFP is a component of PGE’s multi-pronged procurement approach focused on customer affordability, system reliability, and decarbonization. In parallel with the 2023 RFP, the Company is seeking additional renewable energy and non-emitting capacity through PPAs, including a bilateral all-call for PPAs, community-based renewable energy procurement,