Company: POR
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000784977-25-000172
Chunk: 211

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 2
Chunk 211
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 (4)%24,092 23,779 1 %

Three Months Ended September 30, Nine Months Ended September 30, 20252024% Change20252024% ChangeAverage number of retail customers:Residential841,257831,6071 %839,429 828,0671 %Commercial114,258113,5441 %114,226 113,3301 %Industrial2182075 %217 2065 %Direct access74748953 %688 50038 %Total956,480 945,847 1 %954,560 942,103 1 %

Total retail energy deliveries for the nine months ended September 30, 2025 increased 5.0% compared with the nine months ended September 30, 2024, driven by an increase in industrial deliveries. The first nine months of 2025 contained one fewer delivery day due to leap year in 2024.

Residential weather-adjusted deliveries saw average usage per customer 0.6% higher during the first nine months of 2025 compared with 2024, while the average number of residential customers was 1.4% greater. PGE has seen seasonal shifts in residential average usage in recent years as the number of rooftop solar installations have 

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increased in its service territory and funding of energy efficiency programs continues. Customers also continue to respond with increased air conditioning saturation and utilization as the region has experienced cooling degree days well above the 15-year averages for the last five consecutive cooling seasons.

The industrial class continues to show growth as overall energy deliveries are up 15.2% in the nine months ended September 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 nine months ended September 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 — — Second Quarter464 547 606 102 108 109 July2 — 6 209 300 202 August— 4 4 277 224 231 September17 32 51