Company: POR
Filing Date: 2025-07-25
Form Type: 10-Q
Source: 0000784977-25-000136
Chunk: 210

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-07-25
Form: 10-Q
Item: Part I, Item 2
Chunk 210
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Total revenues consist of the following for the periods presented (dollars in millions):

Three Months Ended June 30, Six Months Ended June 30, 2025202420252024Retail:Residential$311 39 %$307 40 %$740 43 %$722 43 %Commercial234 29 219 29 476 27 446 27 Industrial128 16 104 14 255 15 206 12      Subtotal673 84 630 83 1,471 85 1,374 82 Direct access:Commercial4 — 3 — 8 — 5 — Industrial6 1 6 1 11 1 10 1 Subtotal10 1 9 1 19 1 15 1 Subtotal Retail683 85 639 84 1,490 86 1,389 83 Alternative revenue programs, net of amortization9 1 (3)— 5 — (14)(1)Other accrued revenues, net6 — 4 — 10 1 5 — Total retail revenues698 86 640 84 1,505 87 1,380 82 Wholesale revenues88 11 99 13 188 11 275 16 Other operating revenues21 3 19 3 42 2 32 2 Total revenues$807 100 %$758 100 %$1,735 100 %$1,687 100 %

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Total retail revenues—The following items contributed to the increase in Total retail revenues 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$640 $1,380 Change in prices as a result of the AUT, approved by the OPUC (partially offset in Purchased power and fuel)8 58 Retail energy deliveries driven by changes in customer load19 40 Wildfire mitigation, offset in operating expenses and amortization9 16 Clearwater RAC deferral5 10 Average price of energy deliveries due primarily to changes in delivery mix, partially offset by overall customer price increases beyond the AUT23 4 Combination of various supplemental schedules and adjustments(6)(3)