BPA and PGE Continue Discussing Potential Collaboration on Transmission Project
Utilities working together for region's energy future
"PGE is committed to working with BPA and other regional utilities to
develop a project that would help meet the state's growing energy needs,
including renewable power, and strengthen reliability of the Northwest's
grid," said
"We continue to explore cost-effective ways to meet the region's growing
electricity needs," said
PGE has proposed Cascade Crossing, a 500-kilovolt transmission line
running from
PGE previously executed memorandums of understanding for discussion
surrounding Cascade Crossing with PacifiCorp,
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PGE Safe Harbor Statement
Statements in this news release that relate to future plans, objectives,
expectations, performance, events and the like may constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995, Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. Such forward-looking statements include statements
concerning the potential construction and benefits of the Cascade
Crossing project, as well as other statements identified by words
including, but not limited to, "will," "anticipates," "believes,"
"intends," "estimates," "promises," "expects," "should," "conditioned
upon" and similar expressions. Investors are cautioned that any such
forward-looking statements are subject to risks and uncertainties,
including regulatory, operational and legal matters, as well as other
factors that could affect the successful completion and operation of the
project. As a result, actual results may differ materially from those
projected in the forward-looking statements. All forward-looking
statements included in this news release are based on information
available to the Company on the date hereof and such statements speak
only as of the date hereof. The Company assumes no obligation to update
any such forward-looking statements. Prospective investors should also
review the risks and uncertainties listed in the Company's most recent
Annual Report on Form 10-K and the Company's reports on Forms 8-K and
10-Q filed with the
BPA
or
PGE
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