Company: POR
Filing Date: 2025-07-25
Form Type: 10-Q
Source: 0000784977-25-000136
Chunk: 154

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-07-25
Form: 10-Q
Item: Part I, Item 8
Chunk 154
---
Direct access72949647 %659 50530 %Total955,100 942,636 1 %953,603 940,231 1 %

Total retail energy deliveries for the six months ended June 30, 2025 increased 4.7% compared with the six months ended June 30, 2024, driven by an increase in industrial deliveries. The first six months of 2025 contained one fewer delivery day due to leap year in 2024.

Residential weather-adjusted deliveries saw average usage per customer 1.6% lower during the first six months of 2025 compared with 2024, while the average number of residential customers was 1.5% greater. PGE has seen the number of rooftop solar installations increase in its service territory over the past few years, and continued funding of energy efficiency programs, both of which weigh on average usage per customer. 

51

The industrial class continues to show growth in energy deliveries, up 16.5% in the six months ended June 30, 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 six months ended June 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 — — April248 310 360 — — 3 May160 192 179 14 23 25 June56 45 67 88 85 81 Second Quarter464 547 606 102 108 109 Year-to-date2,236 2,302 2,425 106 108 109 (Decrease) from the 15-year average(8)%(5)%(3)%(1)%

During the three months ended June 30, 2025 compared to the same three months of 2024, weather had a negative impact on Total Retail deliveries as the Company’s service territory saw fewer heating and cooling degree-days than in 2024. While temperatures were above average during the second quarters of both 2025 and 2024, the number of heating degree-days recorded in the second quarter