PGE Suspends Development of Two Gas-Fired Units, Seeks Bilateral Deals with Existing Generators

SUGAR LAND--July 7, 2017--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Portland General Electric Company (PGE) (NYSE:POR) (Portland, Oregon) has suspended plans to invest about $900 million to add two gas-fired units to its existing Carty Generating Station. The utility would have commenced construction of the new units at Carty, totaling 900 megawatts (MW), only if they were the lowest-cost, lowest-risk options in a competitive bidding process. Instead, the utility will seek to obtain generation from existing resources in the region.

Within this article: Details on PGE's canceled plans for construction of gas-fired units to invest in existing Station.