Company: POR
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000784977-25-000172
Chunk: 7

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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30, 2025December 31, 2024ASSETSCurrent assets:Cash and cash equivalents$137 $12 Accounts receivable, net455 456 Inventories124 114 Regulatory assets—current207 205 Other current assets136 238 Total current assets1,059 1,025 Electric utility plant, net10,804 10,345 Regulatory assets—noncurrent599 632 Nuclear decommissioning trust44 30 Non-qualified benefit plan trust36 34 Other noncurrent assets472 478 Total assets$13,014 $12,544 See accompanying notes to condensed consolidated financial statements.

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Table of ContentsPORTLAND GENERAL ELECTRIC COMPANY AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS, continued(Dollars in millions)(Unaudited)                        

September 30, 2025December 31, 2024LIABILITIES AND SHAREHOLDERS’ EQUITYCurrent liabilities:Accounts payable$276 $365 Liabilities from price risk management activities—current133 147 Current portion of long-term debt68 170 Current portion of finance lease obligation27 27 Accrued expenses and other current liabilities481 410 Total current liabilities985 1,119 Long-term debt, net of current portion4,662 4,354 Regulatory liabilities—noncurrent1,491 1,440 Deferred income taxes572 564 Deferred investment tax credits195 61 Unfunded status of pension and postretirement plans128 140 Liabilities from price risk management activities—noncurrent43 72 Asset retirement obligations293 292 Non-qualified benefit plan liabilities70 74 Finance lease obligations, net of current portion266 276 Other noncurrent liabilities359 358 Total liabilities9,064 8,750 Commitments and contingencies (see notes)Shareholders’ Equity:Preferred stock, no par value, 30,000,000 shares authorized; none issued and outstanding as of September 30, 2025 and December 31, 2024— — Common stock, no par value, 160,000,000 shares authorized; 110,724,414 and 109,342,251 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively2,179 2,118