Portland General Electric is asking utility regulators to approve a massive, 29% increase for data centers as it implements the Power Act, a new law meant to ensure that the energy-hungry industry pays its fair share.
Residential customers would see a 1.3% rate cut under PGE’s proposal. Most businesses would enjoy lower rates, too, though all the proposed rate cuts are below 4%.
The proposed rates, which would take effect June 10 pending approval from the Oregon Public Utility Commission, come after state regulators this spring signed off on a major overhaul of how the utility charges data centers for power…