Balance Sheet Components

12 Months Ended

Dec. 31, 2024

BALANCE SHEET COMPONENTS

Accounts Receivable, Net

Accounts receivable, net includes $177 million and $138 million of unbilled revenues as of December 31, 2024 and 2023, respectively. Accounts receivable is net of an allowance for uncollectible accounts of $12 million as of December 31, 2024 and $9 million as of December 31, 2023. The following is the activity in the allowance for

uncollectible accounts (in millions):


	Years Ended December 31,
	2024		2023		2022
Balance as of beginning of year	$	9	$	12	$	26
Increase/(decrease) in provision *	11		5		(2)
Amounts written off, less recoveries	(8)		(8)		(12)
Balance as of end of year	$	12	$	9	$	12

* Pursuant to the Company’s COVID-19 deferral, certain decreases in the provision for bad debt have been deferred as a Regulatory Asset. Of the amounts recorded as decreases in the provision, reductions of $10 million for the year ended December 31, 2022 have been offset within the COVID-19 Regulatory Asset. See Note 7, Regulatory Assets and Liabilities for more information.

Other Current Assets and Accrued Expenses and Other Current Liabilities

Other current assets and Accrued expenses and other current liabilities consist of the following (in millions):


	As of December 31,
	2024		2023
Other current assets:
Prepaid expenses	$	81	$	68


Margin deposits	125		92
Assets from price risk management activities	32		22

	$	238	$	182
Accrued expenses and other current liabilities:
Regulatory liabilities—current	$	53	$	48
Accrued employee compensation and benefits	80		74
Accrued dividends payable	57		51
Accrued interest payable	49		40
Accrued taxes payable	36		30
Margin deposits from wholesale counterparties	5		5
Other	130		107
	$	410	$	355

Electric Utility Plant, Net

Electric utility plant, net consist of the following (in millions):


	As of December 31,
	2024		2023
Electric utility plant:
Generation	$	5,510	$	4,953
Transmission	1,420		1,144
Distribution	5,714		5,249
General	1,025		1,014
Energy storage	222		36
Intangible	972		933
Total in service	14,863		13,329
Accumulated depreciation and amortization	(5,085)		(4,757)
Total in service, net	9,778		8,572
Construction work-in-progress *	567		974
Electric utility plant, net	$	10,345	$	9,546

*The PGE-owned portion of the Clearwater Wind Development, with $411 million in CWIP as of December 31, 2023, was placed in-service on January 5, 2024.