Portland General Electric Company (PGE) has announced plans to reorganize its corporate structure into a holding company format. As part of this initiative, PGE filed a notice with the Oregon Public Utilities Commission (OPUC) on May 23, 2025, indicating its intention to seek regulatory approval for this reorganization. The proposed structure involves establishing a non-operating corporate entity above its existing framework, potentially allowing for a subsidiary to manage current and future transmission assets. This strategic move aims to enhance financial flexibility and support infrastructure development. The reorganization process requires multiple approvals, including from the OPUC and the Federal Energy Regulatory Commission, and may eventually be put to a shareholder vote. Upon completion, PGE's existing shares will convert to shares in the new holding company on a one-for-one basis, maintaining shareholder ownership percentages.