XML 26 R16.htm IDEA: XBRL DOCUMENT v3.25.1
Segment Reporting
 3 Months Ended
Mar. 31, 2025
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):
 Three Months Ended March 31,
 20252024
Total revenues
$928 $929 
Operating expenses:
Purchased power and fuel368 405 
Operating and maintenance expense:
Generation, transmission and distribution110 99 
Administrative and other96 95 
      Total operating and maintenance expense
206 194 
Depreciation and amortization140 121 
Taxes other than income taxes46 47 
Total operating expenses760 767 
Income from operations168 162 
Interest expense, net:
Interest expense
60 55 
Allowance for borrowed funds used during construction
(4)(4)
Total interest expense, net
56 51 
Other income, net:
10 11 
Income before income taxes122 122 
Income tax expense22 13 
Net income
$100 $109 
Certain additional financial information relating to the Company’s single business segment was as follows (dollars in millions):
 Three Months Ended March 31,
 20252024
Total assets
$12,695 $11,588 
Capital expenditures
359 325