Oregon’s main regulated electric utility, Portland General Electric (PGE), has filed for approval of new rates under the state's Power Act, which establishes new rate classes for large-load users such as data centers.
The rate changes are scheduled to take effect on June 10, 2026, pending review and approval from the Oregon Public Utility Commission (PUC).
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The filing follows the Oregon PUC's approval of the new regulations in May and is directed by the Power Act, which was passed by the Oregon Legislative Assembly on June 5, 2025, and officially signed into law in August 2025.
The act creates a new rate class for data centers and crypto mining operations at 20MW and above, requiring that the rate reflect all costs of providing energy to those facilities. Secondly, it mandates a long-term contract between the utility and the incoming data center, specifically to address the stranded-asset risk at the heart of the ratepayer-protection problem.
