Portland General Electric grants Oaks Park $430k for electric locomotive
What happened
Oaks Park is acquiring a new electric locomotive from Chance Rides to replace its propane-powered model. Portland General Electric provided a $430,263 grant from its Drive Change Fund to support this acquisition. The new lithium-ion battery-powered locomotive is designed to reduce the ride's greenhouse gas emissions by 99%.
From kxl.com
Why it matters
The grant, which comes from PGE's Drive Change Fund and is supported by the Oregon Department of Environmental Quality’s Oregon Clean Fuels Program, helps Oaks Park achieve its goal of operating on renewable energy. This transaction involves Chance Rides supplying the locomotive to Oaks Park.
From kxl.com
Who's involved
- Chance RidesManufacturer of the electric locomotive
- Oaks ParkPark receiving the locomotive and the grant
- Portland General ElectricProvider of the grant funding
- Oregon Department of Environmental QualityAgency whose program funded the grant
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Chance RidesSpeculative
Chance Rides could see increased revenue from the locomotive order.
- Oaks ParkSpeculative
Oaks Park may achieve operational cost reduction and secure grant funding.
- Oregon Department of Environmental QualitySpeculative
Oregon Department of Environmental Quality may see its Oregon Clean Fuels Program funding utilized.
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The entities involved
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Oaks Park
park in College Station, Texas, United States of America
Nothing else this week.
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Portland General Electric
public utility based in Portland, Oregon