PORTLAND GENERAL ELECTRIC CO OR

For the period ended Dec 31, 2024. Filed Feb 14, 2025.

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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.

FY2024 · Filed Feb 14, 2025

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,
	2024	2023
ASSETS
Current assets:
Cash and cash equivalents	$12	$5
Accounts receivable, net	456	414
Inventories, at average cost:
Materials and supplies	92	83
Fuel	22	30
Regulatory assets—current	205	221
Other current assets	238	182
Total current assets	1,025	935
Electric utility plant:
In service	14,863	13,329
Accumulated depreciation and amortization	(5,085)	(4,757)
In service, net	9,778	8,572
Construction work-in-progress	567	974
Electric utility plant, net	10,345	9,546
Regulatory assets—noncurrent	632	492
Nuclear decommissioning trust	30	31
Non-qualified benefit plan trust	34	35
Other noncurrent assets	478	169
Total assets	$12,544	$11,208

CONSOLIDATED BALANCE SHEETS, continued

(In millions, except share amounts)

	As of December 31,
	2024	2023
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$365	$347
Liabilities from price risk management activities—current	147	164
Short-term debt	—	146
Current portion of long-term debt	170	80
Current portion of finance lease obligations	27	20
Accrued expenses and other current liabilities	410	355
Total current liabilities	1,119	1,112
Long-term debt, net of current portion	4,354	3,905
Regulatory liabilities—noncurrent	1,440	1,398
Deferred income taxes	564	488
Deferred investment tax credits	61	—
Unfunded status of pension and postretirement plans	140	172
Liabilities from price risk management activities—noncurrent	72	75
Asset retirement obligations	292	272
Non-qualified benefit plan liabilities	74	79
Finance lease obligations, net of current portion	276	289
Other noncurrent liabilities	358	99
Total liabilities	8,750	7,889
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; 109,342,251 and 101,159,609 shares issued and outstanding as of December 31, 2024 and 2023, respectively	2,118	1,750
Accumulated other comprehensive loss	(4)	(5)
Retained earnings	1,680	1,574
Total shareholders’ equity	3,794	3,319
Total liabilities and shareholders’ equity	$12,544	$11,208

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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.