Company: POR
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000784977-25-000012
Chunk: 48

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 48
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8,572 Construction work-in-progress567 974 Electric utility plant, net10,345 9,546 Regulatory assets—noncurrent632 492 Nuclear decommissioning trust30 31 Non-qualified benefit plan trust34 35 Other noncurrent assets478 169 Total assets$12,544 $11,208 

See accompanying notes to consolidated financial statements.

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Table of ContentsPORTLAND GENERAL ELECTRIC COMPANY AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETS, continued(In millions, except share amounts)

As of December 31,20242023LIABILITIES AND SHAREHOLDERS’ EQUITYCurrent liabilities:Accounts payable$365 $347 Liabilities from price risk management activities—current147 164 Short-term debt— 146 Current portion of long-term debt170 80 Current portion of finance lease obligations27 20 Accrued expenses and other current liabilities410 355 Total current liabilities1,119 1,112 Long-term debt, net of current portion4,354 3,905 Regulatory liabilities—noncurrent1,440 1,398 Deferred income taxes564 488 Deferred investment tax credits61 — Unfunded status of pension and postretirement plans140 172 Liabilities from price risk management activities—noncurrent72 75 Asset retirement obligations292 272 Non-qualified benefit plan liabilities74 79 Finance lease obligations, net of current portion276 289 Other noncurrent liabilities358 99 Total liabilities8,750 7,889 Commitments and contingencies (see notes)Shareholders’ equity:Preferred stock, no par value, 30,000,000 shares authorized; none issued and outstanding— — Common stock, no par value, 160,000,000 shares authorized; 109,342,251 and 101,159,609 shares issued and outstanding as of December 31, 2024 and 2023, respectively2,118 1,750 Accumulated other comprehensive loss(4)(5)Retained earnings1,680 1,574 Total shareholders’ equity3,794 3,319 Total liabilities and shareholders’ equity$12,544 $11,208 

See accompanying notes to consolidated financial statements.

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Table of ContentsPORTLAND GENERAL ELECTRIC COMPANY AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF SHAREHOLD