Company: POR
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000784977-25-000172
Chunk: 160

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 8
Chunk 160
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2025 compared to the same period in 2024, reflecting strength primarily in the digital services sector. 

The following table indicates the number of heating and cooling degree-days for the three and nine months ended September 30, 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-daysCooling Degree-days20252024Avg.20252024Avg.First Quarter1,772 1,755 1,819 4 — — Second Quarter464 547 606 102 108 109 July2 — 6 209 300 202 August— 4 4 277 224 231 September17 32 51 102 119 88 Third Quarter19 36 61 588 643 521 Year-to-date2,255 2,338 2,486 694 751 630 (Decrease)/Increase from the 15-year average(9)%(6)%10 %19 %

During the three months ended September 30, 2025 compared to the same three months of 2024, weather had a less positive impact on Total Retail deliveries as the Company’s service territory saw fewer heating and cooling degree-days than in 2024, although cooling degree-days continue to run well above average. While temperatures were above average during the third quarters of both 2025 and 2024, the number of cooling degree-days recorded in the third quarter of 2025 were 13% above average compared to 23% above 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, 12% of PGE’s total retail energy deliveries for the first nine 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 retail energy deliveries could have been supplied by ESSs to Direct Access customers