PORTLAND, Ore. ( KOIN ) – Portland General Electric customers are expected to see a jump in their monthly utility bills after the company’s rate increase was approved by the Oregon Public Utilities Commission on Friday.
The general rate increase of 3.3% is expected to combine with other adjustments to create a 6.2% increase that will be distributed across residential, commercial and industrial customers in 2025.
Residents will likely see a combined increase of approximately 5.5%, according to the commission. PGE is expected to file a calculation of the final rate changes for each customer type within the next week, so that the changes can go into effect on Jan. 1, 2025.
The PUC announced its rate increase was approved based on “infrastructure needs,” though the commission limited the percentage in order to “consider PGE’s recent increases and the corresponding pressure on its customers.”
“Our decision denies nearly all of PGE’s requests for expense growth beyond its last full year of actual, demonstrated expenses, plus inflation,” officials said. “These adjustments result in our adopting a lower rate increase than PGE requested.”