Company: POR
Filing Date: 2025-07-25
Form Type: 10-Q
Source: 0000784977-25-000136
Chunk: 82

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-07-25
Form: 10-Q
Item: Part I, Item 1
Chunk 82
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 and distribution increased as follows for the three and six months ended June 30, 2025 compared to the same periods in 2024 (in millions):

Three Months Ended Six Months Ended June 30, 2024$107 $206 Generating facility expenses(6)(6)Vegetation management, inspection, wildfire mitigation, and distribution maintenance expenses8 14 Service restoration and storm response costs(2)2 Business transformation and optimization expenses1 1 Miscellaneous expenses6 7 June 30, 2025$114 $224 Change in Generation, transmission and distribution$7 $18 

In the table above, for the three and six months ended June 30, 2025, respectively, zero and $4 million related to vegetation management, $8 million and $12 million related to wildfire mitigation, $2 million and $2 million related to major maintenance costs and zero and $3 million related to storm response costs have been offset through customer prices or specific regulatory mechanisms.

Administrative and other is as follows for the three and six months ended June 30, 2025 compared to the same periods in 2024 (in millions):

Three Months Ended Six Months Ended June 30, 2024$97 $192 Regulatory and professional services costs(5)— Employee compensation and benefits— 6 Customer related costs(5)(12)Amortization of COVID-19 bad debt expense deferral(6)(6)Business transformation and optimization expenses14 14 Miscellaneous expenses1 (2)June 30, 2025$96 $192 Change in Administrative and other$(1)$— 

In the table above, for the three and six months ended June 30, 2025, respectively, $4 million and $8 million of the decrease in customer related costs is due to regulatory programs that have been offset through customer pricing or specific regulatory mechanisms.

Depreciation and amortization expense increased $17 million and $36 million in the three and six months ended June 30, 2025, respectively, compared to the same periods in 2024. The increases were primarily due to higher utility plant balances.

Taxes other than income taxes increased $5 million and $4 million in the three and six months ended June 30, 2025, respectively, compared to the same periods in 2024. The increases were driven by higher property taxes and higher franchise fees, partially offset by lower payroll taxes