Company: POR
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000784977-25-000172
Chunk: 218

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 2
Chunk 218
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%$1,115 42 %$1,078 41 %Commercial262 28 244 26 738 27 690 27 Industrial141 15 115 13 396 15 321 12      Subtotal778 82 715 77 2,249 84 2,089 80 Direct access:Commercial4 — 2 — 12 — 7 — Industrial7 1 5 1 18 1 15 1 Subtotal11 1 7 1 30 1 22 1 Subtotal Retail789 83 722 78 2,279 85 2,111 81 Alternative revenue programs, net of amortization6 1 (13)(1)11 1 (27)(1)Other accrued revenues, net(1)— 5 — 9 — 10 — Total retail revenues794 84 714 77 2,299 86 2,094 80 Wholesale revenues136 14 192 21 324 12 467 18 Other operating revenues22 2 23 2 64 2 55 2 Total revenues$952 100 %$929 100 %$2,687 100 %$2,616 100 %

58

Total retail revenues—The following items contributed to the increase in Total retail revenues for the three and nine months ended September 30, 2025 compared to the same periods in 2024 (in millions): 

Three Months Ended Nine Months Ended September 30, 2024$714 $2,094 Change in prices as a result of the AUT, approved by the OPUC (partially offset in Purchased power and fuel)20 78 Retail energy deliveries driven by changes in customer load24 64 Average price of energy deliveries due primarily to changes in delivery mix, partially offset by overall customer price increases beyond the AUT24 28 Wildfire mitigation, offset in operating expenses and amortization5 21 Clearwater RAC deferral11 21 Combination of various supplemental schedules and adjustments(4)(7)September 30, 2025$794 $2,299 Change in Total retail revenues$80 $205 

Wholesale revenues result from sales of electricity and environmental credits to utilities and power marketers made in the Company