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In 2014, PGE celebrated an important milestone: 125 years since we flipped the switch on the nation’s first long-distance transmission of electricity to power streetlights in downtown Portland.

It’s been an honor for the past 125 years to provide the safe and reliable energy our customers have come to expect to power their daily lives.

We aspire to be the region’s trusted energy partner with our customers at the center of everything we do, which is why our business strategy focuses our work around the communities we serve. That strategy, in turn, drives our approach to sustainability (see next page), in which we consider social, environmental and economic impacts in our business decisions. We believe this not only creates value for our customers, but also our employees, investors and the community.

In 2014, with an eye toward sustainable growth, we completed new wind and natural gas power plants to meet our customers’ energy needs, help us meet our renewable generation goals, and stabilize power costs for customers. Driven by our commitment to environmental stewardship, we’re helping customers use energy more efficiently. We are electrifying our vehicle fleet. We continue to invest in programs that protect wildlife habitats and bird populations affected by our generation and transmission operations.

We care deeply about Oregon and the success of our communities. That’s why we invest in programs that advance the education of our future workforce, keep our neighbors safe and healthy, and protect our natural resources. PGE employees give their time, expertise and money to community organizations they care about, and we support their efforts with matching funds to those same organizations.

I’m privileged to work with such a dedicated group of employees who are driven by a sense of purpose that comes with safely powering our customers’ potential every day. The next 125 years will no doubt bring unprecedented change, and we look forward to working closely with our customers, employees, investors and communities to build a vibrant, sustainable future.

Jim Piro, president and chief executive officer

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