Company: POR
Filing Date: 2025-07-25
Form Type: 10-Q
Source: 0000784977-25-000136
Chunk: 7

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-07-25
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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5December 31, 2024ASSETSCurrent assets:Cash and cash equivalents$56 $12 Accounts receivable, net397 456 Inventories123 114 Regulatory assets—current188 205 Other current assets126 238 Total current assets890 1,025 Electric utility plant, net10,645 10,345 Regulatory assets—noncurrent581 632 Nuclear decommissioning trust42 30 Non-qualified benefit plan trust35 34 Other noncurrent assets488 478 Total assets$12,681 $12,544 See accompanying notes to condensed consolidated financial statements.

5

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

June 30, 2025December 31, 2024LIABILITIES AND SHAREHOLDERS’ EQUITYCurrent liabilities:Accounts payable$267 $365 Liabilities from price risk management activities—current112 147 Current portion of long-term debt68 170 Current portion of finance lease obligation27 27 Accrued expenses and other current liabilities439 410 Total current liabilities913 1,119 Long-term debt, net of current portion4,663 4,354 Regulatory liabilities—noncurrent1,420 1,440 Deferred income taxes606 564 Deferred investment tax credits65 61 Unfunded status of pension and postretirement plans133 140 Liabilities from price risk management activities—noncurrent43 72 Asset retirement obligations293 292 Non-qualified benefit plan liabilities71 74 Finance lease obligations, net of current portion270 276 Other noncurrent liabilities352 358 Total liabilities8,829 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 June 30, 2025 and December 31, 2024— — Common stock, no par value, 160,000,000 shares authorized; 109,561,888 and 109,342,251 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively2,127 2,118 Accumulated other comprehensive