Portland General Electric Reports Historic Clean Energy Growth
Portland General Electric's Commitment to Clean Energy
In 2024, Portland General Electric (PGE) announced remarkable growth in clean energy resources, becoming a leading force in sustainable power generation. The company reported that a striking 45% of its energy generation and procurement originated from non-carbon-emitting resources. This achievement marks a 7% increase in PGE's clean energy mix since 2020, underscoring the company's unwavering commitment to achieving net-zero emissions by 2040.
Highlights of the 2024 ESG Report
The impressive data regarding PGE's clean energy initiatives is detailed in their comprehensive Environmental, Social and Governance Report, titled "Advancing Toward a Clean Energy Future." This report not only showcases PGE's journey toward sustainable energy but also emphasizes the company's role in fostering resilient communities and upholding ethical governance practices.
Significant developments in renewable resources played a pivotal role in this achievement. Notably, the installation of the Clearwater Wind Energy Center and cutting-edge battery storage systems enhanced the reliability and availability of PGE's energy offerings. These innovations ensure that customers receive consistent, clean energy, regardless of environmental conditions.
Customer Engagement in Renewable Programs
PGE also experienced a remarkable increase in customer participation in its renewable energy programs. In 2024, 24% of PGE's residential customers actively engaged in voluntary initiatives designed to manage energy use effectively. This remarkable engagement allowed the company to achieve a significant reduction in demand during peak load days, exemplified by a notable decrease of over 100 megawatts during a heatwave, equivalent to the energy needs of approximately 90,000 homes over four hours.
Recognition for Renewable Energy Initiatives
This marks the 15th consecutive year PGE has earned a top ranking from the U.S. Department of Energy's National Renewable Energy Laboratory. The utility has consistently led the nation in customer participation in renewable energy programs, reflecting its dedication to sustainability and community involvement.
Environmental Stewardship and Community Engagement
Further demonstrating its commitment to environmental stewardship, PGE achieved record fish returns at its hydro facilities. Notably, the Clackamas and Deschutes Rivers reported their highest steelhead returns since the construction of local dams in the 1960s, showcasing the positive impact of responsible resource management on local ecosystems.
Corporate responsibility also thrives at PGE, with a 2024 charitable giving total exceeding $5.5 million. This amount, which includes contributions from corporate donations, the PGE Foundation, as well as active participation from current and retired employees, illustrates the company's commitment to uplifting the communities it serves. Additionally, PGE rewarded 55 scholarships aimed at empowering underrepresented students, women, and those with financial needs.
Employee Involvement in Community Service
The spirit of volunteerism is evident among PGE employees, who contributed nearly 23,000 hours to various charitable efforts in 2024. Approximately 66% of PGE's workforce engaged in volunteer activities or charitable giving, further solidifying the company's role as a responsible community stakeholder.
Looking Toward a Sustainable Future
As part of its ongoing commitment to transparency and accountability, PGE emphasizes the importance of their sustainability initiatives in their 2024 ESG report. By prioritizing clean energy and community welfare, PGE positions itself as a blueprint for utilities striving for sustainability in the modern age.
To explore detailed insights from the 2024 Environmental, Social and Governance Report, "Advancing Toward a Clean Energy Future," visit PGE's website for complete information.
About Portland General Electric
Portland General Electric (NYSE: POR) is an integrated energy company focused on generating, transmitting, and distributing electricity to over 950,000 customers, serving approximately 1.9 million Oregonians. Since its establishment in 1889, PGE has championed social progress by providing safe, reliable, and increasingly clean electricity, adapting its energy systems to meet the evolving needs of its customers. With a commitment to reducing emissions by 80% by 2030 and achieving 100% reductions by 2040, PGE continues to set the standard for sustainability in the energy sector.
PGE Communications can be contacted at 503-464-2067 for further inquiries about the company's initiatives and community involvement.
Frequently Asked Questions
What is Portland General Electric's main achievement in their recent report?
PGE reported that 45% of its energy came from non-carbon-emitting resources in 2024, marking significant growth in clean energy initiatives.
How does PGE engage its customers in clean energy programs?
In 2024, 24% of PGE's residential guests participated in voluntary programs to help manage energy use, reducing peak demand significantly.
What impact did PGE's corporate giving have in 2024?
PGE contributed over $5.5 million towards charitable efforts while their employees volunteered nearly 23,000 hours in various initiatives.
How does PGE support environmental stewardship?
PGE's environmental initiatives led to record fish returns in local rivers, showcasing responsible management of their hydro facilities.
What is the long-term goal for PGE regarding emissions?
PGE aims to reduce emissions from its retail power supply by 80% by 2030 and achieve net-zero emissions by 2040.
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