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Segment Reporting
12 Months Ended
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,
 202420232022
Total revenues
$3,440 $2,923 $2,647 
Operating expenses:
Purchased power and fuel1,418 1,190 988 
Operating and maintenance expense:
Generation, transmission and distribution436 374 348 
Administrative and other403 341 340 
      Total operating and maintenance expense
839 715 688 
Depreciation and amortization496 458 417 
Taxes other than income taxes175 164 157 
Total operating expenses2,928 2,527 2,250 
Income from operations512 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 taxes350 273 272 
Income tax expense37 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,
 202420232022
Total assets
$12,544 $11,208 $10,459 
Capital expenditures
(1,268)(1,358)(766)