Portland General Electric Co · NYSE:POR
Portland General Electric — Investor Presentation (September 2021)
13 slides from Portland General Electric's investor presentation, Sep 20, 2021
Slide 1: Shareholder Outreach
Shareholder Outreach PORTLAND GENERAL ELECTRIC SEPTEMBER 20, 2021
Slide 2: Cautionary statement
Cautionary statement Information Current as of July 30, 2021 Investor Relations Contacts Except as expressly noted, the information in this presentation is current as of July 30, 2021 — the date on which PGE filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2021 — and should not
Slide 3: Executive Summary
Executive Summary ✓ Leading the cleaner energy future • Continuing to advance our decarbonization goals to reduce greenhouse gas (GHG) emissions associated with the power we deliver to our customers • In 2021, we became the first U.S. Utility to sign the Climate Pledge, a commitment to achieve net-z
Slide 4: PGE at a Glance
PGE at a Glance Quick facts 3,300+ MWs of Generation • Vertically integrated electric utility encompassing Beaver generation, transmission and distribution Washington Port Westward 1 & 2 Tucannon River • 900,000 retail customers within a service area of 2 million OREGON WASHINGTON residents 26 Easte
Slide 5: ESG Governance Framework
ESG Governance Framework Responsibility for environmental, social and governance (ESG) performance is integrated with the policies and principles that govern our company Board oversight The Board of Directors and the Nominating and Corporate Governance Committee is responsible for reviewing signific
Slide 6: Diverse and Experienced Board
Diverse and Experienced Board Jack Davis, Chair Maria Pope Track record of thoughtful refreshment enables us to Former CEO, Arizona Public Service Co N President & CEO have a Board with the experience and diverse Portland General Electric Joined in 2012 Joined in 2018 perspectives needed to oversee
Slide 7: Enterprise Risk Management (ERM)
Enterprise Risk Management (ERM) • Over the last year, we have structured a robust, action- oriented, data-driven, and strategic risk management program in line with industry standards as articulated in Embedding risk management thinking COSO(1) and ISO(2) 31000 standards • These enhancements enable
Slide 8: Strategy for a Clean Energy Future
Strategy for a Clean Energy Future Strategic Goals Decarbonize Power Electrify the Advance our Reduce greenhouse gas Economy Performance emissions by at least 80% Increase beneficial Deliver earnings per by 2030 and 100% by electricity use to capture share growth of 4% to 6% 2040 the benefits of new
Slide 9: Leading the Clean Energy Future
Leading the Clean Energy Future PGE’s near-term power supply emissions goal is to reduce greenhouse gas emissions associated with the power supplied to customers by at least 80% by 2030 • To do so, we need to reduce our emissions by approximately 5.0 MMt CO2e • By 2030 our power supply will require
Slide 10: Sustainability-Linked Credit Facility
Sustainability-Linked Credit Facility • On September 10, 2021 PGE closed on a five-year $650 million revolving credit facility that links the Company’s borrowing costs to its progress in achieving sustainability targets • The new facility replaces our previous $500 million revolving credit facility
Slide 11: Diversity, Equity and Inclusion
Diversity, Equity and Inclusion Committed to DEI across our business • Partners and suppliers: Increasing our supplier diversity to 15% of total supplier spending by 2022 Workforce by Gender 1% • Awareness, education, and training: Racial equity 32% education for our board, leadership and employees
Slide 12: Customers, Communities and Employees
Customers, Communities and Employees Engaged Customers • Offering incentives to help our customers be more energy-efficient • No. 1 voluntary renewable energy program in the nation over the last decade(1) COVID-19 • No. 2 ranked utility in the United States for customer experience(2) Strong Communit
Slide 13: Executive Compensation Program Overview
Executive Compensation Program Overview • Our executive compensation plan is designed to align metrics with our company strategy and is highly performance based. Incentives are based on a balanced mix of strategic, financial and operating goals • A significant portion of pay is at risk. In 2020 awar
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