PGE is committed to helping reduce climate change
In 2016, PGE was part of a broad-based coalition that helped pass Oregon’s Clean Electricity Act, a law that will dramatically reduce PGE’s carbon emissions. The law requires major investments — paid for by our customers — in renewable power, energy storage, grid upgrades, ending the use of coal, and other actions that will make the electric system cleaner and greener. By 2040, 70 percent of our energy mix will be carbon-free.
Legislature is considering statewide cap and trade program
The 2018 Legislature is considering a cap and trade bill, also called the “Clean Energy Jobs bill,” which would set a cap on greenhouse gas emissions. It would then require about 100 companies, including PGE, to acquire permits for the emissions they produce.
We are advocating for customers
Our customers want clean and reliable power that is also affordable. We’re asking lawmakers for a few critical design changes to the bill — changes that will protect our customers while still achieving dramatic carbon reductions. Testimony PGE submitted recently to the legislative committees working on this issue makes it clear we’re not opposed to cap and trade systems, and we’re optimistic that the concerns we’ve raised can be addressed.
However, as the bill is drafted now, – including amendments circulated Feb. 12 – PGE customers would be required to pay twice for the same carbon reductions — once for investments in clean energy, and then again for paper compliance. This would unnecessarily drive up prices for the 2 million people and 100,000 businesses PGE serves. It also could reduce incentives for Oregonians to switch to electric vehicles — something that can dramatically drive down emissions in the transportation sector, which accounts for 40 percent of the state’s greenhouse gas emissions.
We will work with others to find solutions
A cap and trade program can be designed to reduce emissions across the economy — in energy, transportation and manufacturing — while also protecting our customers. We are advocating for changes to accomplish those goals, working with lawmakers and other stakeholders to share concerns and offer solutions so we can develop a policy and program that works for Oregon.