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Segment Reporting | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Segment Reporting Disclosure | SEGMENT INFORMATION PGE is a vertically-integrated electric utility engaged in the generation, transmission, distribution, and retail sale of electricity. The Company participates in wholesale markets by purchasing and selling electricity and natural gas in an effort to meet the needs of, and obtain reasonably-priced power for its retail customers, manage risk, and administer its long-term wholesale contracts. The Company generates revenues and cash flows primarily from the sale and distribution of electricity to retail customers in its service territory in the State of Oregon. The Company has identified one operating and reportable segment and defines its segment on the basis of the way in which internally reported financial information is regularly reviewed by the chief operating decision maker (CODM) to analyze financial performance, make decisions, and allocate resources. The Company’s CODM is the President and Chief Executive Officer. The Company’s CODM assesses the segment’s performance by using Consolidated Net Income. The CODM uses Consolidated Net Income predominantly as a key input to earnings per share and return on equity, which is an important metric for investors, regulators and is also tied to employee compensation. The table below provides information about the Company’s single business segment, including significant segment expenses, and includes reconciliation to Consolidated Net Income (dollars in millions):
| Years Ended December 31,
| 2024 |  | 2023 |  | 2022
Total revenues | $ | 3,440 |  |  | $ | 2,923 |  |  | $ | 2,647 |
Operating expenses: |  |  |  |  |
Purchased power and fuel | 1,418 |  |  | 1,190 |  |  | 988 |
Operating and maintenance expense: |  |  |  |  |
Generation, transmission and distribution | 436 |  |  | 374 |  |  | 348 |
Administrative and other | 403 |  |  | 341 |  |  | 340 |
Total operating and maintenance expense | 839 |  |  | 715 |  |  | 688 |
Depreciation and amortization | 496 |  |  | 458 |  |  | 417 |
Taxes other than income taxes | 175 |  |  | 164 |  |  | 157 |
Total operating expenses | 2,928 |  |  | 2,527 |  |  | 2,250 |
Income from operations | 512 |  |  | 396 |  |  | 397 |
Interest expense, net: |  |  |  |  |
Interest expense | 226 |  |  | 186 |  |  | 163 |
Allowance for borrowed funds used during construction | (15) |  |  | (13) |  |  | (7) |
Total interest expense, net | 211 |  |  | 173 |  |  | 156 |
Other income, net: | 49 |  |  | 50 |  |  | 31 |
Income before income taxes | 350 |  |  | 273 |  |  | 272 |
Income tax expense | 37 |  |  | 45 |  |  | 39 |
Consolidated net income | $ | 313 |  |  | $ | 228 |  |  | $ | 233 |
Certain additional financial information relating to the Company’s single business segment was as follows (dollars in millions):
| Years Ended December 31,
| 2024 |  | 2023 |  | 2022
Total assets | $ | 12,544 |  |  | $ | 11,208 |  |  | $ | 10,459 |
Capital expenditures | (1,268) |  |  | (1,358) |  |  | (766) |

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- Definition The entire disclosure for reporting segments including data and tables. 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