[Portland General Electric Signs Build-Transfer Agreements for Bigelow and Salmonfly Solar-Plus-Storage Projects]
PGE said on its Q3 2026 earnings call that it signed build-transfer agreements for the Bigelow and Salmonfly solar-plus-storage projects. Bigelow includes 200 MW of solar and 250 MW of battery storage, with estimated investment of 900 million USD; Salmonfly includes 199 MW of solar and 199 MW of storage, with estimated investment of 850 million USD, totaling 1.75 billion USD. The agreements took effect after the reporting period and were not in the prior five-year capital plan; including them, PGE expects about 2.5 billion USD of 2027 capex. PGE expects battery storage capacity to exceed 1,000 MW after completing current procurement and PPAs, versus peak load of about 4,500 MW. Management is monitoring higher battery storage prices; signed or under-construction projects benefit from earlier pricing.