Wholesale energy trading losses of upward of $128 million pushed Portland General Electric (PGE) into reporting a loss for 3Q2020, but CEO Maria Pope indicated on an earnings conference call that the damage from the losses has been contained to the quarter and there will be no more impact in the months and quarters ahead. 

PGE

For the quarter, PGE reported a net loss based on generally accepted accounting principles (GAAP) of  $17 million (minus 19 cents/ share), compared with net income of $55 million (61 cents) for the same period in 2019.

When word of the trading losses broke in late August, the PGE board of directors formed a special investigative committee, and its review of the situation is still ongoing, said Pope, who also noted that the utility is the target of some...