XML 58 R43.htm IDEA: XBRL DOCUMENT
v3.20.4

Price Risk Management (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Price Risk Management [Abstract] |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] | PGE’s Assets and Liabilities from price risk management activities consist of the following (in millions):
| As of December 31, |
| 2020 |  | 2019 |
Current assets: |  |  |  |
Commodity contracts: |  |  |  |
Electricity | $ | 4 |  |  | $ | 9 |  |
Natural gas | 29 |  |  | 16 |  |
Total current derivative assets(1) | 33 |  |  | 25 |  |
Noncurrent assets: |  |  |  |
Commodity contracts: |  |  |  |
Electricity | 4 |  |  | 7 |  |
Natural gas | 8 |  |  | 6 |  |
Total noncurrent derivative assets(1) | 12 |  |  | 13 |  |
Total derivative assets(2) | $ | 45 |  |  | $ | 38 |  |
Current liabilities: |  |  |  |
Commodity contracts: |  |  |  |
Electricity | $ | 13 |  |  | $ | 14 |  |
Natural gas | 2 |  |  | 9 |  |
Total current derivative liabilities | 15 |  |  | 23 |  |
Noncurrent liabilities: |  |  |  |
Commodity contracts: |  |  |  |
Electricity | 133 |  |  | 105 |  |
Natural gas | 3 |  |  | 3 |  |
Total noncurrent derivative liabilities | 136 |  |  | 108 |  |
Total derivative liabilities(2) | $ | 151 |  |  | $ | 131 |  |
(1)Total current derivative assets is included in Other current assets, and Total noncurrent derivative assets is included in Other noncurrent assets on the consolidated balance sheets. (2)As of December 31, 2020 and 2019, no commodity derivative assets or liabilities were designated as hedging instruments.
Schedule of Derivative Instruments [Table Text Block] | PGE’s net volumes related to its Assets and Liabilities from price risk management activities resulting from its derivative transactions, which are expected to deliver or settle at various dates through 2035, were as follows (in millions):
| As of December 31,
| 2020 |  | 2019
Commodity contracts: |  |  |  |  |  |  |
Electricity | 6 |  |  | MWh |  | 6 |  |  | MWh
Natural gas | 137 |  |  | Dth |  | 145 |  |  | Dth
Foreign currency contracts | $ | 19 |  |  | Canadian |  | $ | 23 |  |  | Canadian
Derivatives Not Designated as Hedging Instruments [Table Text Block] | Net realized and unrealized losses (gains) on derivative transactions not designated as hedging instruments are classified in Purchased power and fuel in the consolidated statements of income and were as follows (in millions):
| Years Ended December 31,
| 2020 |  | 2019 |  | 2018
Commodity contracts: |  |  |  |  |
Electricity | $ | 160 |  |  | $ | 20 |  |  | $ | (34) |
Natural Gas | (34) |  |  | (32) |  |  | 21 |
Foreign currency contracts | (1) |  |  | (1) |  |  | 1 |
Net unrealized and certain net realized losses (gains) presented in the table above are offset within the consolidated statements of income by the effects of regulatory accounting. Of the net amounts recognized in Net income, net losses of $12 million, net gains of $2 million, and net gains of $18 million for the years ended December 31, 2020, 2019 and 2018, respectively, have been offset.
Schedule of Price Risk Derivatives [Table Text Block] | Assuming no changes in market prices and interest rates, the following table presents the years in which the net unrealized (gains)/losses recorded as of December 31, 2020 related to PGE’s derivative activities would become realized as a result of the settlement of the underlying derivative instrument (in millions):
| 2021 |  | 2022 |  | 2023 |  | 2024 |  | 2025 |  | Thereafter |  | Total
Commodity contracts: |  |  |  |  |  |  |  |  |  |  |  |  |
Electricity | $ | 9 |  |  | $ | 4 |  |  | $ | 8 |  |  | $ | 8 |  |  | $ | 9 |  |  | $ | 100 |  |  | $ | 138 |
Natural gas | (27) |  |  | (5) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (32) |
Net unrealized (gain)/loss | $ | (18) |  |  | $ | (1) |  |  | $ | 8 |  |  | $ | 8 |  |  | $ | 9 |  |  | $ | 100 |  |  | $ | 106 |
Schedule of Concentration of Risk, by Counterparty [Table Text Block] | Counterparties representing 10% or more of Assets and Liabilities from price risk management activities were as follows:
| As of December 31,
| 2020 |  | 2019
Assets from price risk management activities: |  |  |
Counterparty A | 12 | % |  | 35 | %
Counterparty B | 17 |  |  | 13 |
Counterparty C | 21 |  |  | 11 |
Counterparty D | 16 |  |  | 11 |
| 66 | % |  | 70 | %
Liabilities from price risk management activities: |  |  |
Counterparty E | 93 | % |  | 79 | %

X
- Definition Price Risk Management [Abstract] + References No definition available. + Details
Name: | por_PriceRiskManagementAbstract
Namespace Prefix: | por_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of counterparties representing 10% or more of assets and liabilities from price risk management activities recorded in the reporting entity's statement of financial position. + References No definition available. + Details
Name: | por_ScheduleOfConcentrationOfRiskByCounterpartyTableTextBlock
Namespace Prefix: | por_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624163-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5580258-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121590274&loc=d3e41620-113959 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5579245-113959 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121590274&loc=d3e41638-113959 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=121590274&loc=d3e41678-113959 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121590274&loc=d3e41641-113959 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5579240-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4CC -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL109998890-113959 + Details
Name: | us-gaap_ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of price risk derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfPriceRiskDerivativesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration