A regional council is calling for 9,000 megawatts of new renewables, 5,000 megawatts of storage and controversial natural gas plants to serve the Northwest as data centers drive demand growth.
The Public Utility Commission turned down the temporary increase that would have raised $55 million, citing insufficient proof of immediate need as the utility faces billions in wildfire settlements.
Portland-based PacifiCorp is the first utility outside California to participate in the market, which pools generation and transmission assets to reduce costs and improve reliability.
The settlement resolves claims that the utility's electrical lines negligently started six fires in Oregon and California, including five Labor Day 2020 blazes.