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Income Taxes Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Taxes [Abstract]

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

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

			Years Ended December 31,
			2024						2023						2022
Current:
Federal			$	2					$	11					$	9
State and local			12						26						24
			14						37						33
Deferred:
Federal			(2)						4						(1)
State and local			25						4						7
			23						8						6
Income tax expense			$	37					$	45					$	39

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,
			2024						2023						2022
Federal statutory tax rate			21.0		%				21.0		%				21.0		%
Federal tax credits (1)			(16.9)						(9.5)						(12.8)
State and local taxes, net of federal tax benefit			8.4						8.6						8.8
Flow through depreciation and cost basis differences			(0.9)						(0.4)						0.8
Reversal of excess deferred income tax (2)			(2.6)						(3.9)						(4.5)
Executive compensation			1.3						0.5						0.6
Other			0.4						0.1						0.4
Effective tax rate			10.7		%				16.4		%				14.3		%

(1)    Federal tax credits consist primarily of PTCs earned from Company-owned wind-powered generating facilities. The federal PTCs are earned based on a per-kilowatt hour rate, and as a result, the annual amount of PTCs earned will vary based on weather conditions and availability of the facilities. The PTCs are generated for 10 years from the corresponding facilities’ in-service dates. PGE’s PTC generation will end at various dates through 2034. Federal tax credits also includes all other federal tax credits and related deferrals. The tax credit deferrals are established to provide the benefit back to customers over a period agreed upon with the OPUC.

(2) The majority of excess deferred income taxes related to remeasurement under the Tax Cuts and Jobs Act is subject to Internal Revenue Service normalization rules and will be reversed over the remaining regulatory life of the assets using the average rate assumption method.

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,
			2024						2023
Deferred income tax assets:
Employee benefits			$	89					$	99
Regulatory liabilities			28						21
Tax credits			69						73
Deferred investment tax credits			14						—
Price risk management			51						57
Total deferred income tax assets			251						250
Deferred income tax liabilities:
Depreciation and amortization			633						578
Regulatory assets			169						146
Other			13						14
Total deferred income tax liabilities			815						738
Deferred income tax liability, net			$	564					$	488

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Income Taxes [Abstract]

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No definition available.

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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

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-Topic 740
-SubTopic 10
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-Section 50
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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.

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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.

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