Portland General Electric: Undervalued And Buy For Income, But It's Not Risk-Free

  • Portland General Electric is deeply undervalued, offers a 5% yield, and boasts elite management with consistent earnings and dividend growth. Regulatory oversight in Oregon is only average, with recent ROE reductions, but potential multiyear rate plans could improve earnings certainty. Wildfire liability remains a significant risk, but legislative trends may shift some financial burden away from utilities, improving POR's risk profile.