PORTLAND GENERAL ELECTRIC CO /OR/

For the period ended Mar 31, 2025. Filed Apr 25, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed Apr 25, 2025

POR$45.98+0.1%Stored close · as of Nov 9, 2026

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Contents

Condensed Consolidated Balance Sheets

(Dollars in millions)

	March 31, 2025	December 31, 2024
ASSETS
Current assets:
Cash and cash equivalents	$11	$12
Accounts receivable, net	473	456
Inventories	111	114
Regulatory assets—current	164	205
Other current assets	215	238
Total current assets	974	1,025
Electric utility plant, net	10,534	10,345
Regulatory assets—noncurrent	633	632
Nuclear decommissioning trust	44	30
Non-qualified benefit plan trust	34	34
Other noncurrent assets	476	478
Total assets	$12,695	$12,544
See accompanying notes to condensed consolidated financial statements.

CONDENSED CONSOLIDATED BALANCE SHEETS, continued

(Dollars in millions)

	March 31, 2025	December 31, 2024
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$281	$365
Liabilities from price risk management activities—current	109	147
Current portion of long-term debt	68	170
Current portion of finance lease obligation	27	27
Accrued expenses and other current liabilities	437	410
Total current liabilities	922	1,119
Long-term debt, net of current portion	4,663	4,354
Regulatory liabilities—noncurrent	1,412	1,440
Deferred income taxes	595	564
Deferred investment tax credits	59	61
Unfunded status of pension and postretirement plans	137	140
Liabilities from price risk management activities—noncurrent	67	72
Asset retirement obligations	293	292
Non-qualified benefit plan liabilities	73	74
Finance lease obligations, net of current portion	273	276
Other noncurrent liabilities	357	358
Total liabilities	8,851	8,750
Commitments and contingencies (see notes)
Shareholders’ Equity:
Preferred stock, no par value, 30,000,000 shares authorized; none issued and outstanding as of March 31, 2025 and December 31, 2024	—	—
Common stock, no par value, 160,000,000 shares authorized; 109,503,325 and 109,342,251 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively	2,123	2,118
Accumulated other comprehensive loss	(4)	(4)
Retained earnings	1,725	1,680
Total shareholders’ equity	3,844	3,794
Total liabilities and shareholders’ equity	$12,695	$12,544
See accompanying notes to condensed consolidated financial statements.

ContentsView on SEC.gov

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