Company: POR
Filing Date: 2025-04-25
Form Type: 10-Q
Source: 0000784977-25-000074
Chunk: 8

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-04-25
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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121 Deferred income taxes20 37 Pension and other postretirement benefits2 1 Allowance for equity funds used during construction(5)(5)Alternative revenue programs4 11 Regulatory assets(5)(120)Regulatory liabilities(8)(3)Tax credit sales3 1 Other non-cash income and expenses, net30 22 Changes in working capital:Accounts receivable, net(25)(5)Inventories3 (1)Margin deposits55 27 Accounts payable and accrued liabilities(37)24 Margin deposits from wholesale counterparties5 — Other working capital items, net(28)(16)Other, net(23)(28)Net cash provided by operating activities231 175 See accompanying notes to condensed consolidated financial statements.

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Table of ContentsPORTLAND GENERAL ELECTRIC COMPANY AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS, continued(In millions)(Unaudited)                                                                                                                                           

Three Months Ended March 31, 20252024Cash flows from investing activities:Capital expenditures$(359)$(325)Purchases of Nuclear decommissioning trust securities(2)— Other, net(15)(6)Net cash used in investing activities(376)(331)Cash flows from financing activities:Proceeds from issuance of common stock— 78 Proceeds from issuance of long-term debt310 450 Payments on long-term debt(102)— Issuance (maturities) of commercial paper, net— (146)Dividends paid(55)(48)Other(9)(7)Net cash provided by financing activities144 327 Change in cash and cash equivalents(1)171 Cash and cash equivalents, beginning of period12 5 Cash and cash equivalents, end of period$11 $176 Supplemental cash flow information is as follows:Cash paid for interest, net of amounts capitalized$43 $26 Cash paid (received) for income taxes, net(1)2 See accompanying notes to condensed consolidated financial statements.

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

NOTE 1: BASIS OF PRESENTATION

Nature of BusinessPortland General Electric Company (PGE or the Company) is a single, vertically-integrated electric utility engaged in the generation, purchase, transmission, distribution, and retail sale of electricity in