Company: POR
Filing Date: 2025-04-25
Form Type: 10-Q
Source: 0000784977-25-000074
Chunk: 14

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-04-25
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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 2025 and December 31, 2024, respectively. Accounts receivable, net includes an allowance for uncollectible accounts of $13 million and $12 million as of March 31, 2025 and December 31, 2024, respectively. The following summarizes activity during 2025 in the allowance for credit losses (in millions):Three Months Ended March 31, Balance as of beginning of period$12 Increase in provision3 Amounts written off(4)Recoveries2 Balance as of end of period$13 InventoriesPGE’s inventories, which are recorded at average cost, consist primarily of materials and supplies for use in operations, maintenance, and capital activities, as well as fuel, which includes natural gas, coal, and oil, for use in the Company’s generating plants. Periodically, PGE assesses whether inventories are recorded at the lower of average cost or net realizable value. Other Current AssetsOther current assets consist of the following (in millions):March 31, 2025December 31, 2024Prepaid expenses$119 $81 Assets from price risk management activities26 32 Margin deposits70 125 Other current assets$215 $238 

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Table of ContentsPORTLAND GENERAL ELECTRIC COMPANYNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS, continued(Unaudited)

Electric Utility Plant, NetElectric utility plant, net consists of the following (in millions):     March 31, 2025December 31, 2024Electric utility plant in-service$15,028 $14,863 Construction work-in-progress693 567 Total cost15,721 15,430 Less: accumulated depreciation and amortization(5,187)(5,085)Electric utility plant, net$10,534 $10,345 Accumulated depreciation and amortization in the table above includes accumulated amortization related to intangible assets of $630 million and $611 million as of March 31, 2025 and December 31, 2024, respectively. Amortization expense related to intangible assets was $19 million and $18 million for the three months ended March 31, 2025 and 2024, respectively. The Company’s intangible assets primarily consist of computer software development and hydro licensing costs.Regulatory Assets and Liabilities Regulatory assets and liabilities consist of the following (in millions): March 31