Portland General Electric Company (NYSE:POR) Q1 2024 Earnings Call Transcript

Maria Pope: Yes, that’s a good question. No, it would not. It’s a part of an ISO. There is no RTO in the West, and we’re probably quite a ways off from that if we ever do get to an RTO. It allows us to move from the energy and balance market, which is essentially a real-time market to the Day-Ahead. And there’s some pretty significant customer benefits that we’ll realize from that, but also some important operational benefits as we maximize the diverse renewable resources from the desert Southwest and extensive solar to the Pacific Northwest Hydro and all of the wind energy in between. So it allows for really a more planful portfolio effect and builds upon the really good work that has already been done through the energy and balance market.

Willard Grainger: Great. Thank you.

Maria Pope: Thank you.

Operator: Thank you. I’m currently showing no further questions at this time. I’d like to hand the conference back over to Maria Pope, President and Chief Executive Officer for closing remarks.

Maria Pope: Great. Thank you for joining us today. We appreciate your interest in Portland General, and we look forward to connecting with you soon. Thank you very much.

Operator: This concludes today’s conference call. Thank you for your participation. You may now disconnect. Everyone have a wonderful day.