PORTLAND GENERAL ELECTRIC CO OR

For the period ended Dec 31, 2023. Filed Feb 20, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 20, 2024

POR$45.92-0.1%Stored close · as of Nov 10, 2026

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Contents

Consolidated Balance Sheets as of December 31, 202 and

CONSOLIDATED BALANCE SHEETS

	As of December 31,
	2023	2022
ASSETS
Current assets:
Cash and cash equivalents	$5	$165
Accounts receivable, net	414	398
Inventories, at average cost:
Materials and supplies	83	63
Fuel	30	32
Regulatory assets—current	221	54
Other current assets	182	498
Total current assets	935	1,210
Electric utility plant:
In service	13,329	12,421
Accumulated depreciation and amortization	(4,757)	(4,423)
In service, net	8,572	7,998
Construction work-in-progress	974	467
Electric utility plant, net	9,546	8,465
Regulatory assets—noncurrent	492	473
Nuclear decommissioning trust	31	39
Non-qualified benefit plan trust	35	38
Other noncurrent assets	169	234
Total assets	$11,208	$10,459

CONSOLIDATED BALANCE SHEETS, continued

(In millions, except share amounts)

	As of December 31,
	2023	2022
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$347	$457
Liabilities from price risk management activities—current	164	118
Short-term debt	146	—
Current portion of long-term debt	80	260
Current portion of finance lease obligations	20	20
Accrued expenses and other current liabilities	355	641
Total current liabilities	1,112	1,496
Long-term debt, net of current portion	3,905	3,386
Regulatory liabilities—noncurrent	1,398	1,389
Deferred income taxes	488	439
Unfunded status of pension and postretirement plans	172	170
Liabilities from price risk management activities—noncurrent	75	75
Asset retirement obligations	272	257
Non-qualified benefit plan liabilities	79	83
Finance lease obligations, net of current portion	289	294
Other noncurrent liabilities	99	91
Total liabilities	7,889	7,680
Commitments and contingencies (see notes)
Shareholders’ equity:
Preferred stock, no par value, 30,000,000 shares authorized; none issued and outstanding	—	—
Common stock, no par value, 160,000,000 shares authorized; 101,159,609 and 89,283,353 shares issued and outstanding as of December 31, 2023 and 2022, respectively	1,750	1,249
Accumulated other comprehensive loss	(5)	(4)
Retained earnings	1,574	1,534
Total shareholders’ equity	3,319	2,779
Total liabilities and shareholders’ equity	$11,208	$10,459

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.