Company: POR
Filing Date: 2025-04-25
Form Type: 10-Q
Source: 0000784977-25-000074
Chunk: 184

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-04-25
Form: 10-Q
Item: Part I, Item 2
Chunk 184
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 territory over the past few years, and continued funding of energy efficiency programs, both of which weigh on average usage per customer. 

The industrial class continues to show growth in energy deliveries, up 16.4% in the three months ended March 31, 2025 compared to the same period in 2024, reflecting strength in the high-tech manufacturing and digital services sectors. 

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The following table indicates the number of heating degree-days for the three months ended March 31, 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-days20252024Avg.January725 759 703 February613 539 597 March434 457 519 Year-to-date1,772 1,755 1,819 (Decrease) from the 15-year average(3)%(4)%

During the three months ended March 31, 2025 compared to the same three months of 2024, weather had a modest positive impact on Total Retail deliveries. While temperatures were slightly above average during the first quarters of both 2025 and 2024, the number of heating degree-days recorded in 2025 were 3% below average compared to 4% 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, 11% of PGE’s total retail energy deliveries for the first three 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 Load Direct Access program, which is capped at 119 MWa, as much as 16% of the Company’s energy deliveries could have been supplied by ESSs to Direct Access customers. Actual deliveries to Direct Access customers of energy supplied by ESSs represented 10% of PGE’s total retail energy deliveries for the first three months of 2025 and 2024. The OPUC, under docket UM 2024, has undertaken an investigation of long-term of Direct Access with program caps