Comment by SCUSKU

Comment by SCUSKU 9 hours ago

1 reply

True that SVP benefits from not serving a rural area, but we also need to consider again that PGE is a for-profit organization that in 2024 posted $2.5B in profits, which were distributed to shareholders[1]. If PGE were owned by the state with no such fiduciary duty, this money could instead be used to lower rates and/or invest in infrastructure.

[1] - https://www.zacks.com/stock/quote/PCG/income-statement?icid=...