POR » Topics » Forward-Looking Statements

This excerpt taken from the POR 10-Q filed May 4, 2009.

Forward-Looking Statements

The information in this report includes statements that are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to expectations, beliefs, plans, objectives for future operations, assumptions, business prospects, the outcome of litigation and regulatory proceedings, future capital expenditures, market conditions, future events or performance and other matters. Words or phrases such as “anticipates,” “believes,” “should,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “will likely result,” “will continue,” or similar expressions are intended to identify such forward-looking statements.

Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed. PGE’s expectations, beliefs and projections are expressed in good faith and are believed by PGE to have a reasonable basis including, but not limited to, management’s examination of historical operating trends, data contained in records and other data available from third parties, but there can be no assurance that PGE’s expectations, beliefs or projections will be achieved or accomplished.

In addition to any assumptions and other factors and matters referred to specifically in connection with such forward-looking statements, factors that could cause actual results or outcomes for PGE to differ materially from those discussed in forward-looking statements include:

 

   

governmental policies and regulatory audits, investigations, and actions, including those of the FERC and OPUC with respect to allowed rates of return, financings, electricity pricing and price structures, acquisition and disposal of assets and facilities, operation and construction of plant facilities, transmission of electricity, recovery of power costs and capital investments, and current or prospective wholesale and retail competition;

 

   

the outcome of legal and regulatory proceedings and issues including, but not limited to, the proceedings related to the Trojan Investment Recovery, the Pacific Northwest Refund proceeding, the Portland Harbor investigation, and other matters described in Note 8, Contingencies, in the Notes to Condensed Consolidated Financial Statements;

 

   

the continuing effects of the ongoing deterioration of the economies of the state of Oregon, the United States and other parts of the world, including reductions in demand for electricity, impaired financial soundness of vendors and service providers and elevated levels of uncollectible customer accounts;

 

   

capital market conditions, including the recent credit crisis, interest rate volatility, severe reductions in demand for investment-grade commercial paper and the availability and cost of capital, as well as changes in PGE’s credit ratings, which could have an impact on the Company’s cost of capital and its ability to access the capital markets to support requirements for working capital, construction costs, and the repayments of maturing debt;

 

   

unseasonable or extreme weather and other natural phenomena, which in addition to affecting PGE’s customers’ demand for power, could have a serious impact on PGE’s ability and cost to procure adequate supplies of fuel or power to serve its customers, and could increase PGE’s costs to maintain its generating facilities and transmission and distribution system;

 

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operational factors affecting PGE’s power generation facilities, including forced outages, hydro conditions, wind conditions, and disruption of fuel supply;

 

   

wholesale energy prices and their impact on the availability and price of wholesale power in the western United States;

 

   

residential, commercial, and industrial growth and demographic patterns in PGE’s service territory;

 

   

future laws, regulations, and proceedings that could increase the Company’s costs or affect the operations of the Company’s thermal generating plants by imposing requirements for additional pollution control equipment or significant emissions fees or taxes, particularly with respect to coal-fired generation facilities, in order to mitigate carbon dioxide, mercury, and other gas emissions;

 

   

the effectiveness of PGE’s risk management policies and procedures and the creditworthiness of customers and counterparties;

 

   

the failure to complete capital projects on schedule and within budget;

 

   

the effects of Oregon law related to utility rate treatment of income taxes, which may result in earnings volatility and adversely affect PGE’s results of operation;

 

   

the outcome of efforts to relicense the Company’s hydroelectric projects, as required by the FERC;

 

   

changes in, and compliance with, environmental and endangered species laws and policies;

 

   

the effects of climate change, including changes in the environment that may affect energy costs or consumption, increase the Company’s costs, or adversely affect its operations;

 

   

new federal, state, and local laws that could have adverse effects on operating results;

 

   

employee workforce factors, including aging, potential strikes, work stoppages, and the transitions in senior management, including the recent retirement and replacement of PGE’s Chief Executive Officer and hiring of a new Chief Financial Officer;

 

   

general political, economic, and financial market conditions;

 

   

natural disasters and other natural risks, such as earthquake, flood, drought, lightning, wind, and fire;

 

   

acts of war or terrorism;

 

   

financial or regulatory accounting principles or policies imposed by governing bodies;

 

   

declines in the market prices for equity securities and increased funding requirements for defined benefit pension plans and other benefit plans; and

 

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declines in wholesale power and natural gas prices, which would require the Company to issue additional letters of credit or post additional cash as collateral to counterparties pursuant to existing purchased power and natural gas agreements.

Any forward-looking statement speaks only as of the date on which such statement is made, and, except as required by law, PGE undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time and it is not possible for management to predict all such factors, nor can it assess the impact of any such factor on the business or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement.

 

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This excerpt taken from the POR 10-Q filed Oct 30, 2008.

Forward-Looking Statements

The information in this report includes statements that are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to expectations, beliefs, plans, objectives for future operations, assumptions, business prospects, the outcome of litigation and regulatory proceedings, future capital expenditures, market conditions, future events or performance and other matters. Words or phrases such as “anticipates,” “believes,” “should,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “will likely result,” “will continue,” or similar expressions are intended to identify such forward-looking statements.

Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed. PGE’s expectations, beliefs and projections are expressed in good faith and are believed by PGE to have a reasonable basis including, without limitation, management’s examination of historical operating trends, data contained in records and other data available from third parties, but there can be no assurance that PGE’s expectations, beliefs or projections will be achieved or accomplished.

In addition to any assumptions and other factors and matters referred to specifically in connection with such forward-looking statements, factors that could cause actual results or outcomes for PGE to differ materially from those discussed in forward-looking statements include:

 

   

governmental policies and regulatory audits, investigations, and actions, including those of the FERC and OPUC with respect to allowed rates of return, financings, electricity pricing and price structures, acquisition and disposal of assets and facilities, operation and construction of plant facilities, transmission of electricity, recovery of Net Variable Power Costs (NVPC) and capital investments, and current or prospective wholesale and retail competition;

 

   

capital market conditions, including availability of capital and interest rate fluctuations, as well as changes in PGE’s credit ratings, which could have an impact on the Company’s cost of capital and its ability to access the capital markets to support requirements for working capital, construction costs, and the repayment of maturing debt;

 

   

the outcome of legal and regulatory proceedings and issues, including the proceedings related to the Trojan investment recovery, the Pacific Northwest Refund proceeding, and the Portland Harbor investigation described in Note 7, Contingencies, in the Notes to Condensed Consolidated Financial Statements;

 

   

unseasonable weather and other natural phenomena, which, in addition to affecting PGE’s customers’ demand for power, could have a serious impact on PGE’s ability and cost to procure adequate supplies of fuel or power to serve its customers;

 

   

operational factors affecting PGE’s power generation facilities, including outages, unplanned forced outages, hydro conditions, wind conditions, and disruption of fuel supply;

 

   

wholesale energy prices and their impact on the availability and price of wholesale power in the western United States;

 

   

residential, commercial, and industrial growth and demographic patterns in PGE’s service territory;

 

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future laws, regulations, and proceedings that could increase the Company’s costs or affect the operations of the Company’s thermal generating plants by imposing requirements for additional pollution control equipment or significant emissions fees or taxes, particularly with respect to coal-fired generation facilities, to mitigate carbon dioxide, mercury, and other emissions;

 

   

the effectiveness of PGE’s risk management policies and procedures and the creditworthiness of customers and counterparties;

 

   

the failure to complete major generating plants on schedule and within budget;

 

   

the effects of Oregon law related to utility rate treatment of income taxes (SB 408), which may result in earnings volatility and adverse effects on results of operations;

 

   

the outcome of efforts to relicense the Company’s hydroelectric projects, as required by the FERC;

 

   

changes in, and compliance with, environmental and endangered species laws and policies;

 

   

the effects of global warming or climate change, including changes in the environment that may affect energy costs or consumption, increase the Company’s costs, or affect its operations;

 

   

new federal, state, and local laws that could have adverse effects on operating results;

 

   

employee workforce factors, including aging, potential strikes, work stoppages, and the loss of key executives;

 

   

general political, economic, and financial market conditions;

 

   

natural disasters and other natural risks, such as earthquake, flood, drought, lightning, wind, and fire;

 

   

acts of war or terrorism;

 

   

financial or regulatory accounting principles or policies imposed by governing bodies; and

 

   

other factors identified elsewhere in this report and other PGE filings with the Securities and Exchange Commission, including those factors set forth in Part I, Item 1A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2007, filed with the SEC on February 27, 2008, as supplemented by Part II, Item 1A of this Quarterly Report on Form 10-Q.

Any forward-looking statement speaks only as of the date on which such statement is made, and, except as required by law, PGE undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time and it is not possible for management to predict all such factors, nor can it assess the impact of any such factor on the business or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement.

 

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This excerpt taken from the POR 10-Q filed Aug 7, 2008.

Forward-Looking Statements

The information in this report includes statements that are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to expectations, beliefs, plans, objectives for future operations, assumptions, business prospects, the outcome of litigation and regulatory proceedings, future capital expenditures, market conditions, future events or performance and other matters. Words or phrases such as “anticipates,” “believes,” “should,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “will likely result,” “will continue,” or similar expressions are intended to identify such forward-looking statements.

Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed. PGE’s expectations, beliefs and projections are expressed in good faith and are believed by PGE to have a reasonable basis including, without limitation, management’s examination of historical operating trends, data contained in records and other data available from third parties, but there can be no assurance that PGE’s expectations, beliefs or projections will be achieved or accomplished.

In addition to any assumptions and other factors and matters referred to specifically in connection with such forward-looking statements, factors that could cause actual results or outcomes for PGE to differ materially from those discussed in forward-looking statements include:

 

   

governmental policies and regulatory audits, investigations, and actions, including those of the FERC and OPUC with respect to allowed rates of return, financings, electricity pricing and price structures, acquisition and disposal of assets and facilities, operation and construction of plant facilities, transmission of electricity, recovery of Net Variable Power Costs (NVPC) and capital investments, and current or prospective wholesale and retail competition;

 

   

the outcome of legal and regulatory proceedings and issues, including the Trojan Investment Recovery, the Pacific Northwest Refund proceeding, and the Portland Harbor Superfund Site investigation described in Note 7, Contingencies, in the Notes to Condensed Consolidated Financial Statements;

 

   

unseasonable weather and other natural phenomena, which, in addition to affecting PGE’s customers’ demand for power, could have a serious impact on PGE’s ability and cost to procure adequate supplies of fuel or power to serve its customers;

 

   

operational factors affecting PGE’s power generation facilities, including outages, hydro conditions, wind conditions, and disruption of fuel supply;

 

   

wholesale energy prices and their impact on the availability and price of wholesale power in the western United States;

 

   

residential, commercial, and industrial growth and demographic patterns in PGE’s service territory;

 

   

future laws, regulations, and proceedings that could increase the Company’s costs or affect the operations of the Company’s thermal generating plants by imposing requirements for additional pollution control equipment or significant emissions fees or taxes, particularly with respect to coal-fired generation facilities, to mitigate carbon dioxide, mercury, and other emissions;

 

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capital market conditions, including interest rate fluctuations, and changes in PGE’s credit ratings, which could have an impact on the Company’s cost of capital and its ability to access the capital markets to support requirements for working capital, construction costs, and the repayment of maturing debt;

 

   

the effectiveness of PGE’s risk management policies and procedures and the creditworthiness of customers and counterparties;

 

   

the failure to complete major generating plants on schedule and within budget;

 

   

the effects of Oregon law related to utility rate treatment of income taxes (SB 408), which may result in earnings volatility and adverse effects on results of operations;

 

   

the outcome of efforts to relicense the Company’s hydroelectric projects, as required by the FERC;

 

   

changes in, and compliance with, environmental and endangered species laws and policies;

 

   

the effects of global warming or climate change, including changes in the environment that may affect energy costs or consumption, increase the Company’s costs, or affect its operations;

 

   

new federal, state, and local laws that could have adverse effects on operating results;

 

   

employee workforce factors, including aging, potential strikes, work stoppages, and the loss of key executives;

 

   

general political, economic, and financial market conditions;

 

   

natural disasters and other natural risks, such as earthquake, flood, drought, lightning, wind, and fire;

 

   

acts of war or terrorism; and

 

   

financial or regulatory accounting principles or policies imposed by governing bodies.

Any forward-looking statement speaks only as of the date on which such statement is made, and, except as required by law, PGE undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time and it is not possible for management to predict all such factors, nor can it assess the impact of any such factor on the business or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement.

 

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This excerpt taken from the POR 10-Q filed May 7, 2008.

Forward-Looking Statements

The information in this report includes statements that are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to expectations, beliefs, plans, objectives for future operations, assumptions, business prospects, the outcome of litigation and regulatory proceedings, future capital expenditures, market conditions, future events or performance and other matters. Words or phrases such as “anticipates,” “believes,” “should,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “will likely result,” “will continue,” or similar expressions are intended to identify such forward-looking statements.

Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed. PGE’s expectations, beliefs and projections are expressed in good faith and are believed by PGE to have a reasonable basis including, without limitation, management’s examination of historical operating trends, data contained in records and other data available from third parties, but there can be no assurance that PGE’s expectations, beliefs or projections will be achieved or accomplished.

In addition to any assumptions and other factors and matters referred to specifically in connection with such forward-looking statements, factors that could cause actual results or outcomes for PGE to differ materially from those discussed in forward-looking statements include:

 

   

governmental policies and regulatory audits, investigations, and actions, including those of the FERC and OPUC with respect to allowed rates of return, financings, electricity pricing and price structures, acquisition and disposal of assets and facilities, operation and construction of plant facilities, transmission of electricity, recovery of Net Variable Power Costs (NVPC) and capital investments, and current or prospective wholesale and retail competition;

 

   

the outcome of legal and regulatory proceedings and issues, including the Trojan Investment Recovery and the Pacific Northwest Refund proceeding, described in Note 7, Contingencies, in the Notes to Condensed Consolidated Financial Statements;

 

   

unseasonable weather and other natural phenomena, which, in addition to affecting PGE’s customers’ demand for power, could have a serious impact on PGE’s ability and cost to procure adequate supplies of fuel or power to serve its customers;

 

   

operational factors affecting PGE’s power generation facilities, including outages, unplanned forced outages, hydro conditions, wind conditions, and disruption of fuel supply;

 

   

wholesale energy prices and their impact on the availability and price of wholesale power in the western United States;

 

   

residential, commercial, and industrial growth and demographic patterns in PGE’s service territory;

 

   

future laws, regulations, and proceedings that could affect the future operations of the Company’s thermal generating plants by imposing requirements for additional pollution control equipment or significant emissions fees or taxes, particularly with respect to coal-fired generation facilities, to mitigate carbon dioxide and other gas emissions, including regional haze and mercury emissions;

 

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capital market conditions, including interest rate fluctuations, and changes in PGE’s credit ratings, which could have an impact on the Company’s cost of capital and its ability to access the capital markets to support requirements for working capital, construction costs, and the repayment of maturing debt;

 

   

the effectiveness of PGE’s risk management policies and procedures and the creditworthiness of customers and counterparties;

 

   

the failure to complete major generating plants on schedule and within budget;

 

   

the effects of Oregon law related to utility rate treatment of income taxes (SB 408), which may result in earnings volatility and adverse effects on results of operations;

 

   

changes in, and compliance with, environmental and endangered species laws and policies;

 

   

the effects of global warming or climate change, including changes in the environment that may affect energy costs or consumption and changes in laws or regulations related to greenhouse gas emissions that may increase the Company’s costs or affect its operations;

 

   

new federal, state, and local laws that could have adverse effects on operating results;

 

   

employee workforce factors, including aging, potential strikes, work stoppages, and the loss of key executives;

 

   

general political, economic, and financial market conditions;

 

   

the outcome of efforts to relicense the Company’s hydroelectric projects, as required by the FERC;

 

   

natural disasters and other natural risks, such as earthquake, flood, drought, lightning, wind, and fire;

 

   

acts of war or terrorism; and

 

   

financial or regulatory accounting principles or policies imposed by governing bodies.

Any forward-looking statement speaks only as of the date on which such statement is made, and, except as required by law, PGE undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time and it is not possible for management to predict all such factors, nor can it assess the impact of any such factor on the business or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement.

 

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