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NYSE:POR 17 December 2025

Portland General Electric faces scrutiny over data center costs as Oregon POWER Act hits its first big test

Portland General Electric faces scrutiny over data center costs as Oregon POWER Act hits its first big test

Oregon utility watchdogs say Portland General Electric’s proposed “Peak Growth Modifier” could shift long-lived grid upgrade costs from fast-growing data centers to households—despite the state’s new POWER Act. Here’s what’s in dispute, what PGE says, and what regulators decide next. Oregon’s push to stop homeowners from subsidizing energy-hungry data centers is colliding with a high-stakes regulatory fight now unfolding around Portland General Electric. In recent reporting, the Oregon Citizens Utility Board accused PGE of trying to sidestep the intent of the state’s new POWER Act—an affordability-focused law designed to make large-load customers like data centers pay a larger share of the power supply and grid infrastructure built to serve them. opb.org+1
17 December 2025

Stock Market Today

  • Dow Sets Fresh High as Chip Stocks Drag Nasdaq, Inflation Cools
    July 2, 2026, 4:45 PM EDT. The Dow Jones Industrial Average climbed 1.1% to a new record Friday on the back of U.S. job gains, while the S&P 500 closed flat and the Nasdaq slipped 0.8%. Chip stocks weighed on tech amid questions about AI-driven earnings. U.S. employers added 57,000 jobs in June, missing forecasts and hinting at a softer labor market, which could ease inflation. Oil fell on the Iran conflict, lowering chances for more Fed rate hikes. The 10-year Treasury yield edged down to 4.48%. Traders looked to dividend moves and share buybacks. Crypto stocks bounced as bitcoin rose 2%.
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