XML 33 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues, net $ 484 $ 435 $ 1,400 $ 1,311
Operating expenses:        
Purchased power and fuel 202 190 528 538
Production and distribution 60 54 181 169
Cascade Crossing transmission project 0 0 0 52
Administrative and other 54 49 164 158
Depreciation and amortization 76 62 224 186
Taxes other than income taxes 27 27 82 79
Total operating expenses 419 382 1,179 1,182
Income from operations 65 53 221 129
Interest expense 23 25 71 75
Other income:        
Allowance for equity funds used during construction 11 4 26 8
Miscellaneous income, net 1 3 1 5
Other income, net 12 7 27 13
Income before income tax expense 54 35 177 67
Income tax expense 16 4 46 10
Net income and Comprehensive income 38 31 131 57
Less: net loss attributable to noncontrolling interests (1) 0 (1) (1)
Net income and Comprehensive income attributable to Portland General Electric Company $ 39 $ 31 $ 132 $ 58
Weighted-average shares outstanding (in thousands):        
Basic 78,203 77,637 78,170 76,401
Diluted 80,225 78,330 79,977 76,703
Earnings per share:        
Basic $ 0.48 $ 0.40 $ 1.67 $ 0.76
Diluted $ 0.47 $ 0.40 $ 1.63 $ 0.76
Dividends declared per common share $ 0.280 $ 0.275 $ 0.835 $ 0.820