PGE distributes more than $52 million in fee payments to city governments
May 7, 2014
PORTLAND, Ore. — Portland General Electric recently presented more than $52 million in payments to 52 Oregon cities located within the company’s service area for 2014. The payments represent money from annual franchise fees and privilege taxes PGE pays city governments for the right to operate within their municipalities.
“Franchise fees and privilege taxes often play a critical role in city budgets,” said Dave Robertson, PGE’s vice president of public policy. “Oregon is our home and we want to support the communities where we live and work. This is another important way for PGE to support city services while providing our customers with safe and reliable power.”
The amount PGE pays a city ranges from 3.5 to 5 percent of the annual gross revenue earned within that city. Individual city results will vary based on a variety factors, such as local changes to population, economic and business conditions, and participation by some non-residential customers in Oregon’s electricity direct access program. PGE and the city work closely together to plan work in the right of way to minimize inconvenience to the public and keep costs down for both parties.
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About Portland General Electric Company
Portland General Electric (NYSE: POR) is a fully integrated energy company based in Portland, Oregon, serving 877,000 customers in 51 cities. For more than 125 years, PGE has been delivering safe, reliable energy to Oregonians. With 2,900 employees across the state, PGE is committed to building a cleaner, more efficient energy future. Together with its customers, PGE has the No. 1 voluntary renewable energy program in the U.S. For more information, visit PortlandGeneral.com.
Fore more information contact: Nicole Mertens, PGE, 503-464-8717