Company: POR
Filing Date: 2025-07-25
Form Type: 10-Q
Source: 0000784977-25-000136
Chunk: 204

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-07-25
Form: 10-Q
Item: Part I, Item 2
Chunk 204
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 seen the number of rooftop solar installations increase in its service territory over the past few years, and continued funding of energy efficiency programs, both of which weigh on average usage per customer. 

51

The industrial class continues to show growth in energy deliveries, up 16.5% in the six months ended June 30, 2025 compared to the same period in 2024, reflecting strength primarily in the digital services sector. 

The following table indicates the number of heating and cooling degree-days for the three and six months ended June 30, 2025 and 2024, along with the current 15-year averages based on weather data provided by the National Weather Service, as measured at Portland International Airport:

Heating Degree-daysCooling Degree-days20252024Avg.20252024Avg.First Quarter1,772 1,755 1,819 4 — — April248 310 360 — — 3 May160 192 179 14 23 25 June56 45 67 88 85 81 Second Quarter464 547 606 102 108 109 Year-to-date2,236 2,302 2,425 106 108 109 (Decrease) from the 15-year average(8)%(5)%(3)%(1)%

During the three months ended June 30, 2025 compared to the same three months of 2024, weather had a negative impact on Total Retail deliveries as the Company’s service territory saw fewer heating and cooling degree-days than in 2024. While temperatures were above average during the second quarters of both 2025 and 2024, the number of heating degree-days recorded in the second quarter of 2025 were 23% below average compared to 10% below in the same period of 2024. 

The Company’s cost-of-service opt-out program caps participation by customers in the fixed three-year and minimum five-year opt-out programs, which account for the majority of energy delivered to Direct Access customers who purchase their energy from ESSs. Had the cap limit been fully subscribed and utilized, 12% of PGE’s total retail energy deliveries for the first six months of 2025 would have been to these customers. 

PGE offers service to customers under an OPUC created New Large Load Direct Access program for unplanned, large, new loads and large load growth at existing customer sites. With the adoption of the New Large