Company: POR
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000784977-25-000012
Chunk: 84

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-02-14
Form: 10-K
Item: Item 2
Chunk 84
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ITEM 2.     PROPERTIES.

PGE’s principal property, plant, and equipment are generally located on land owned by the Company or land under the control of the Company pursuant to existing leases, federal or state licenses, easements, or other agreements. In some cases, meters and transformers are located on customer property. The Indenture securing the Company’s FMBs constitutes a direct first mortgage lien on substantially all utility property and franchises, other than expressly excepted property.

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Table of Contents

Generating Facilities

The following are generating facilities owned by PGE as of December 31, 2024 (in MW): 

FacilityLocationCapacityWholly-owned:Natural Gas or Oil (1):BeaverClatskanie, Oregon513 CartyBoardman, Oregon426 Port Westward Unit 1Clatskanie, Oregon403 Coyote SpringsBoardman, Oregon257 Port Westward Unit 2Clatskanie, Oregon219 Wind (2):Biglow CanyonSherman County, Oregon450 Tucannon River Columbia County, Washington267 ClearwaterCuster County, Montana208 WheatridgeMorrow County, Oregon100 Hydro (3):North ForkClackamas River56 FaradayClackamas River46 Oak GroveClackamas River42 River MillClackamas River25 T.W. SullivanWillamette River18 Jointly-owned (4):         Coal:Colstrip (5)Colstrip, Montana296 Hydro (3):Round Butte (6)Deschutes River187 Pelton (6)Deschutes River57 Capacity3,570 

(1)Represents net capacity of generating unit as demonstrated by actual operating or test experience, net of electricity used in the operation of a given facility.

(2)Represents nameplate ratings. A generator’s nameplate rating is its full-load capacity under normal operating conditions as defined by the manufacturer.

(3)Represents most favorable operating conditions which refers to the set of optimal circumstances under which a power plant or energy generation system can achieve its maximum output capacity efficiently and reliably.

(4)Represents PGE’s ownership share.

(5)PGE has a 20% ownership interest in the facility, which is operated by Talen Montana, LLC.

(6)PGE has a 50.01% ownership interest in the Pelton/Round Butte hydroelectric project. 

PGE’s hydro