Company: POR
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000784977-25-000012
Chunk: 123

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-02-14
Form: 10-K
Item: Item 7
Chunk 123
---
urchased power:Hydro6,752 22 4,646 17 Wind1,386 5 846 3 Solar1,119 4 1,055 4 Natural Gas94 — 184 1 Waste, Wood and Landfill Gas170 1 163 1 Source not specified3,789 12 4,018 15 Total purchased power13,310 44 10,912 41 Total system load30,348 100 %27,169 100 %Less: wholesale sales(9,722)(6,950)Retail load requirement20,626 20,219 

Purchased power in the table above includes power received from QFs as follows:

Years Ended December 31,20242023Sources of energy (MWhs in thousands):PURPA purchased power:Hydro31 28 Wind29 25 Solar580 592 Waste, Wood, Landfill Gas, and Other117 114 Total757 759 

The following table presents the forecasted April-to-September 2025 and actual April-to-September 2024 and 2023 runoff at particular points of major rivers relevant to PGE’s hydro resources: 

Runoff as a Percent of Normal*Location2025Forecast2024Actual2023ActualColumbia River at The Dalles, Oregon85 %74 %83 %Mid-Columbia River at Grand Coulee, Washington80 74 79 Clackamas River at Estacada, Oregon87 91 101 Deschutes River at Moody, Oregon98 93 98 

* Volumetric water supply forecasts and historical averages for the Pacific Northwest region are prepared by the Northwest River Forecast Center, with the Natural Resources Conservation Service and other cooperating agencies.

61

Actual NVPC, which consists of Purchased power and fuel expense net of Wholesale revenues, increased $87 million in 2024 compared with 2023. The increase attributable to changes in Purchased power and fuel expense was the result of a 13% increase in the average variable power cost per MWh and a 12% increase in total system load. This was partially offset by an increase in wholesale revenues driven by a 40% increase in the volume of wholesale energy deliveries and a 5% lower average price per MWh sold. 

The following items contributed to the increase in actual NVPC for the year ended December 31, 202