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Income Taxes Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Taxes [Abstract]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Income tax expense consists of the following (in millions):

	Years Ended December 31,
	2014				2013				2012
Current:
Federal	$	20			$	10			$	16
State and local	2				—				1
	22				10				17
Deferred:
Federal	26				4				30
State and local	13				7				17
	39				11				47
Income tax expense	$	61			$	21			$	64

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The significant differences between the U.S. federal statutory rate and PGE’s effective tax rate for financial reporting purposes are as follows:

	Years Ended December 31,
	2014			2013			2012
Federal statutory tax rate	35.0	%		35.0	%		35.0	%
Federal tax credits	(11.4	)		(21.8	)		(11.8	)
State and local taxes, net of federal tax benefit	3.9			3.4			3.5
Flow through depreciation and cost basis differences	(2.3	)		2.8			2.4
Adjustment to deferred taxes for change in blended composite state tax rate	—			—			2.6
Other	0.8			(2.6	)		(0.6	)
Effective tax rate	26.0	%		16.8	%		31.1	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Deferred income tax assets and liabilities consist of the following (in millions):

	As of December 31,
	2014				2013
Deferred income tax assets:
Employee benefits	$	161			$	122
Price risk management	88				71
Regulatory liabilities	48				33
Tax credits	13				51
Other	1				—
Total deferred income tax assets	311				277
Deferred income tax liabilities:
Depreciation and amortization	693				646
Regulatory assets	210				175
Total deferred income tax liabilities	903				821
Deferred income tax liability, net	$	(592	)		$	(544	)
Classification of net deferred income taxes:
Current deferred income tax asset *	$	33			$	42
Noncurrent deferred income tax liability	(625		)		(586		)
	$	(592	)		$	(544	)

* Included in Other current assets in the consolidated balance sheets.

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- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 9

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319

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