real-time news and commentary for investors
Friday, Dec 7
2012, 6:00 PM
Portland General Electric (POR) discloses in a regulatory filing that it's been awarded damages...
Portland General Electric (POR) discloses in a regulatory filing that it's been awarded damages by a U.S. Court in a complaint filed by co-owners of the Trojan Nuclear Power Plant against the U.S. Department of Energy. The judgment does not state the precise amount of the damages award, but directs the parties to propose a final amount by January 7. PGE estimates that the total amount of the award will range from approximately $60M to $70M, of which it would receive 67.5%.