Company: POR
Filing Date: 2025-04-25
Form Type: 10-Q
Source: 0000784977-25-000074
Chunk: 183

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-04-25
Form: 10-Q
Item: Part I, Item 2
Chunk 183
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GE has taken measures to enhance the availability of supply chain-constrained items that are needed to serve new and existing customers, such as securing inventory of critical materials to improve reliability, reserving manufacturing capacity with strategic partners, and evaluating availability with established and new suppliers. The Company’s materials and supplies forecasting process is designed to secure materials availability as well as mitigate cost increases through long-term agreements, supplier engagement, and expanding the supply base. PGE is monitoring the fluid situation around tariffs and trade policies and continues to evaluate any potential impact to its operations and the need to implement applicable mitigation strategies.

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Customers and Demand—The following tables present total energy deliveries, in thousands of Megawatt hours (MWh), and the average number of retail customers by customer type for the periods indicated:

Three Months Ended March 31, 20252024% Change% Change (Weather- Adjusted)Energy deliveries:Retail:Residential2,226 2,243 (1)%(1)%Commercial1,632 1,628 — — Industrial1,398 1,186 18 18 Subtotal5,256 5,057 4 4 Direct access:Commercial129 120 8 8 Industrial443 396 12 12 Subtotal572 516 11 11 Total retail5,828 5,573 5 4 %Wholesale1,979 2,179 (9)Total7,807 7,752 1 %

Three Months Ended March 31, 20252024Average number of retail customers:Residential837,109 88 %824,23988 %Commercial114,191 12 112,86912 Industrial216 — 204— Direct access589 — 514— Total952,105 100 %937,826 100 %

Total retail energy deliveries for the three months ended March 31, 2025 increased 4.6% compared with the three months ended March 31, 2024, driven by an increase in industrial deliveries. The first quarter of 2025 contained one fewer delivery day due to leap year in 2024.

Residential weather-adjusted deliveries saw average usage per customer 2.5% lower during the first three months of 2025 compared with 2024, while the average number of residential customers was 1.6% greater. PGE has seen the number of rooftop solar installations increase in its service