Kaiser Shipyards
PGE survived bankruptcy partially through cheap power purchases from BPA beginning in the fall of 1939, and by the end of 1941 they showed net profits. In the meantime, Ormond R. Bean, the Oregon Public Utility Commissioner, forced PGE to lower its rates. Ultimately, PEPCO and PGE were saved by World War II, which led to the construction of three Kaiser Shipyards and of Vanport City, Oregon to support them. By 1945, PGE derived nearly $400,000 in revenue from the two Kaiser shipyards in Oregon. In August 1946, after the war, they were able to sell Portland Traction for $8 million in cash. Judge Fee ruled the bankruptcy reorganization complete on June 29, 1946.