The committee discussed governance issues regarding board size and considered a request for an e-bike incentive program. The CEO provided updates on grid stability during the heat wave and the integration of Portland General Electric into the day-ahead market. Additionally, the committee added an agenda item concerning the equitable distribution of customer program funds and reviewed a proposed fiscal year 2027 budget amendment to increase the temporary rate credit for customers.
Sep 24, 2026·Board meeting agenda packet
Enterprise
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The committee meeting focused on financial and budgetary updates. Key discussion items included the review of Fiscal Year End 2026 budget results, power supply variance, and the ratification of line item variances. The committee also considered a proposed budget amendment for Fiscal Year End 2027, which includes increasing the Operating Reserve Fund withdrawal to fund an enhanced temporary rate credit for customers from November 2026 through March 2027. Additionally, the meeting covered updates to the presentation and application of contingency funds and reviewed various program budgets, including transportation electrification and energy storage initiatives.
Aug 27, 2026·Board meeting
Mce Finance Committee Finance Committee Meeting
The committee discussed issues arising from retail sales forecasts falling below expectations, leading to excess renewable energy and significant financial impacts. Key topics included the decision to eliminate the 10% procurement buffer due to improvements in generation forecasting and portfolio monitoring, and the ongoing need for more flexible, price-sensitive procurement targets. The committee also addressed challenges related to early energy deliveries under index-plus contracts and discussed the development of new guardrails for future procurement strategies to better align with market volatility.
