Data Center Growth

Portland General Electric reported GAAP net income of $62 million for Q2 2025, driven by data center demand growth. Non-GAAP net income was $73 million, excluding business transformation expenses. The company is seeking regulatory approval for a holding company reorganization and cost recovery for its Distribution System Plan and Seaside Battery project. PGE reaffirmed its 2025 adjusted earnings guidance of $3.13 to $3.33 per diluted share, based on energy delivery growth of 2.5% to 3.5%.