Portland General Electric Company (PGE) has announced a significant development in its energy infrastructure with the submission of a regulatory filing to the Public Utility Commission of Oregon (OPUC). The filing seeks approval to recover the revenue requirement for the Seaside Battery Energy Storage System, a 200 MW facility located in Portland, Oregon. Expected to be operational by August 2025, Seaside represents a major step in enhancing the region's energy storage capabilities. PGE aims to integrate the Seaside tracker into customer pricing by October 31, 2025, with an anticipated annual revenue requirement increase of $47 million. The project includes a rate base increase of $257 million, adjusted for estimated Investment Tax Credit benefits of $117 million. This filing is part of an expedited cost-recovery mechanism introduced by the OPUC and aligns with PGE's 2025 General Rate Case. The regulatory review process will unfold over the coming months, with outcomes still uncertain.
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