Company: POR
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000784977-25-000012
Chunk: 11

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-02-14
Form: 10-K
Item: Item 1
Chunk 11
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 generating resources and the price and availability of wholesale power and natural gas. As part of its power supply operations, the Company enters into short- and long-term power and fuel purchase and sale agreements. PGE executes economic dispatch decisions concerning its own generation and participates in the wholesale market in an effort to obtain reasonably-priced power for its retail customers, manage risk, and administer its long-term wholesale contracts. The Company also performs portfolio management and wholesale market sales services for third parties in the region and purchases and sells environmental credits in the wholesale marketplace. In addition, the Company encourages energy efficiency measures to help meet its energy requirements and promotes the use of various demand side management products to reduce load during peak time usage.

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PGE’s resource and contracted capacity (in MW) was as follows:  

 As of December 31, 20242023 Capacity%Capacity%Generation:Thermal (1):Natural gas1,818 28 %1,811 32 %Coal296 4 296 5 Total thermal2,114 32 2,107 37 Wind (2)1,025 16 817 14 Hydro (3)431 7 432 8 Total generation3,570 55 3,356 59 Purchased power:Long-term contracts:Hydro (3)1,270 20 792 14 PURPA qualifying facilities (4)315 5 315 6 Dispatchable standby generation129 2 131 2 Capacity (5)250 4 100 2 Wind (2)400 6 300 5 Solar (6)219 3 219 4 Biomass10 — 10 — Total long-term contracts2,593 40 1,867 33 Short-term contracts333 5 442 8 Total purchased power capacity2,926 45 2,309 41 Total resource capacity6,496 100 %5,665 100 %

(1)Capacity represents the MW the plants are capable of generating under normal operating conditions, which is affected by ambient temperatures, net of electricity used in the operation of the plant.

(2)Capacity represents nameplate and differs from expected energy to be generated, which is expected to range from 30 to 40% of capacity, dependent upon wind conditions.

(3)Capacity represents most favorable operating conditions and differs from expected energy to be generated, which is expected to