| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 | Sep'16 | Jun'16 | Mar'16 | Dec'15 | Sep'15 | Jun'15 | Mar'15 | Dec'14 | Sep'14 | Jun'14 | Mar'14 | Dec'13 | Sep'13 | Jun'13 | Mar'13 | Dec'12 | Sep'12 | Jun'12 | Mar'12 | Dec'11 | Sep'11 | Jun'11 | Mar'11 | Dec'10 | Sep'10 | Jun'10 | Mar'10 | Sep'09 | Jun'09 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue, net | ||||||||||||||||||||||||||||||||||||||||||
564,000 | 551,000 | 538,000 | 462,000 | 570,000 | 519,000 | 525,000 | 449,000 | 495,000 | 515,000 | 515,000 | 449,000 | 530,000 | 524,000 | 484,000 | 428,000 | 487,000 | 499,000 | 476,000 | 450,000 | 473,000 | 500,000 | 484,000 | 423,000 | 493,000 | 499,000 | 435,000 | 403,000 | 473,000 | 463,000 | 450,000 | 413,000 | 479,000 | 479,000 | 439,000 | 411,000 | 484,000 | 455,000 | 464,000 | 415,000 | 449,000 | 445,000 | 389,000 |
Alternative revenue programs, net of amortization | ||||||||||||||||||||||||||||||||||||||||||
9,000 | -3,000 | 4,000 | -2,000 | 3,000 | 5,000 | 0 | 0 | -2,000 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Revenues | ||||||||||||||||||||||||||||||||||||||||||
573,000 | 548,000 | 542,000 | 460,000 | 573,000 | 524,000 | 525,000 | 449,000 | 493,000 | 515,000 | 515,000 | 449,000 | 530,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating expenses: | ||||||||||||||||||||||||||||||||||||||||||
Purchased power and fuel | ||||||||||||||||||||||||||||||||||||||||||
153,000 | 165,000 | 165,000 | 105,000 | 179,000 | 151,000 | 186,000 | 104,000 | 130,000 | 149,000 | 184,000 | 118,000 | 141,000 | 162,000 | 180,000 | 126,000 | 149,000 | 171,000 | 181,000 | 148,000 | 161,000 | 185,000 | 202,000 | 142,000 | 184,000 | 219,000 | 190,000 | 156,000 | 192,000 | 193,000 | 182,000 | 156,000 | 195,000 | 215,000 | 182,000 | 169,000 | 194,000 | 216,000 | 203,000 | 186,000 | 224,000 | 225,000 | 184,000 |
Generation, transmission and distribution | ||||||||||||||||||||||||||||||||||||||||||
73,000 | 82,000 | 78,000 | 86,000 | 77,000 | 80,000 | 72,000 | 71,000 | 69,000 | 74,000 | 73,000 | 81,000 | 81,000 | 87,000 | 69,000 | 64,000 | 66,000 | 74,000 | 64,000 | 66,000 | 62,000 | 76,000 | 60,000 | 67,000 | 54,000 | 56,000 | 54,000 | 64,000 | 51,000 | 58,000 | 49,000 | 51,000 | 53,000 | 54,000 | 50,000 | 55,000 | 42,000 | 47,000 | 42,000 | 46,000 | 39,000 | 42,000 | 43,000 |
Cascade Crossing transmission project | ||||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 52,000 | - | - | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - |
Administrative and other | ||||||||||||||||||||||||||||||||||||||||||
71,000 | 67,000 | 74,000 | 78,000 | 71,000 | 83,000 | 49,000 | 70,000 | 69,000 | 66,000 | 63,000 | 64,000 | 67,000 | 55,000 | 63,000 | 61,000 | 61,000 | 62,000 | 59,000 | 60,000 | 60,000 | 63,000 | 54,000 | 56,000 | 54,000 | 61,000 | 49,000 | 55,000 | 54,000 | 56,000 | 50,000 | 56,000 | 54,000 | 60,000 | 55,000 | 51,000 | 52,000 | 46,000 | 47,000 | 48,000 | 45,000 | 43,000 | 46,000 |
Depreciation and amortization | ||||||||||||||||||||||||||||||||||||||||||
108,000 | 104,000 | 103,000 | 101,000 | 101,000 | 101,000 | 96,000 | 93,000 | 92,000 | 88,000 | 87,000 | 86,000 | 84,000 | 77,000 | 79,000 | 83,000 | 82,000 | 78,000 | 76,000 | 76,000 | 75,000 | 77,000 | 76,000 | 73,000 | 75,000 | 62,000 | 62,000 | 62,000 | 62,000 | 60,000 | 63,000 | 63,000 | 62,000 | 57,000 | 59,000 | 55,000 | 56,000 | 65,000 | 59,000 | 57,000 | 57,000 | 53,000 | 50,000 |
Taxes other than income taxes | ||||||||||||||||||||||||||||||||||||||||||
35,000 | 33,000 | 34,000 | 33,000 | 34,000 | 34,000 | 31,000 | 31,000 | 33,000 | 29,000 | 30,000 | 31,000 | 33,000 | 30,000 | 29,000 | 30,000 | 30,000 | 30,000 | 28,000 | 28,000 | 30,000 | 27,000 | 27,000 | 27,000 | 28,000 | 24,000 | 27,000 | 25,000 | 27,000 | 25,000 | 24,000 | 26,000 | 27,000 | 24,000 | 25,000 | 24,000 | 25,000 | 22,000 | 23,000 | 21,000 | 23,000 | 20,000 | 21,000 |
Total operating expenses | ||||||||||||||||||||||||||||||||||||||||||
440,000 | 451,000 | 454,000 | 403,000 | 462,000 | 449,000 | 434,000 | 369,000 | 393,000 | 406,000 | 437,000 | 380,000 | 406,000 | 411,000 | 420,000 | 364,000 | 388,000 | 415,000 | 408,000 | 378,000 | 388,000 | 428,000 | 419,000 | 365,000 | 395,000 | 422,000 | 382,000 | 414,000 | 386,000 | 392,000 | 368,000 | 352,000 | 391,000 | 410,000 | 371,000 | 354,000 | 369,000 | 396,000 | 374,000 | 358,000 | 388,000 | 383,000 | 344,000 |
Income from operations | ||||||||||||||||||||||||||||||||||||||||||
133,000 | 97,000 | 88,000 | 57,000 | 111,000 | 75,000 | 91,000 | 80,000 | 100,000 | 109,000 | 78,000 | 69,000 | 124,000 | 113,000 | 64,000 | 64,000 | 99,000 | 84,000 | 68,000 | 72,000 | 85,000 | 72,000 | 65,000 | 58,000 | 98,000 | 77,000 | 53,000 | -11,000 | 87,000 | 71,000 | 82,000 | 61,000 | 88,000 | 69,000 | 68,000 | 57,000 | 115,000 | 59,000 | 90,000 | 57,000 | 61,000 | 62,000 | 45,000 |
Interest expense, net | ||||||||||||||||||||||||||||||||||||||||||
33,000 | 33,000 | 32,000 | 31,000 | 32,000 | 31,000 | 31,000 | 31,000 | 31,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 28,000 | 27,000 | 27,000 | 28,000 | 28,000 | 28,000 | 30,000 | 25,000 | 23,000 | 23,000 | 25,000 | 26,000 | 25,000 | 25,000 | 25,000 | 26,000 | 27,000 | 27,000 | 28,000 | 28,000 | 27,000 | 28,000 | 27,000 | 28,000 | 27,000 | 26,000 | 29,000 | 25,000 | 26,000 |
Other (loss) income: | ||||||||||||||||||||||||||||||||||||||||||
Allowance for equity funds used during construction | ||||||||||||||||||||||||||||||||||||||||||
3,000 | 3,000 | 2,000 | 2,000 | 3,000 | 3,000 | 2,000 | 2,000 | 4,000 | 3,000 | 4,000 | 3,000 | 2,000 | 2,000 | 4,000 | 8,000 | 7,000 | 6,000 | 6,000 | 5,000 | 4,000 | 11,000 | 11,000 | 9,000 | 6,000 | 5,000 | 4,000 | 2,000 | 2,000 | - | - | 2,000 | 1,000 | 2,000 | 1,000 | 1,000 | 1,000 | 1,000 | 4,000 | 4,000 | 4,000 | 5,000 | 6,000 |
Miscellaneous (loss) income, net | ||||||||||||||||||||||||||||||||||||||||||
-4,000 | 1,000 | 3,000 | 0 | 2,000 | -4,000 | 0 | 1,000 | -1,000 | 0 | 1,000 | 0 | 0 | -6,000 | 0 | 1,000 | -1,000 | 1,000 | -2,000 | 1,000 | 1,000 | 0 | 1,000 | 1,000 | -1,000 | 2,000 | 3,000 | 1,000 | 1,000 | - | - | -1,000 | 3,000 | 2,000 | -4,000 | 1,000 | 2,000 | 3,000 | 3,000 | -3,000 | 1,000 | 5,000 | 4,000 |
Other (loss) income, net | ||||||||||||||||||||||||||||||||||||||||||
-1,000 | 4,000 | 5,000 | 2,000 | 5,000 | -1,000 | 2,000 | 3,000 | 3,000 | 3,000 | 5,000 | 3,000 | 2,000 | -4,000 | 4,000 | 9,000 | 6,000 | 7,000 | 4,000 | 6,000 | 5,000 | 11,000 | 12,000 | 10,000 | 5,000 | 7,000 | 7,000 | 3,000 | 3,000 | 4,000 | 1,000 | 1,000 | 4,000 | 4,000 | -3,000 | 2,000 | 3,000 | 4,000 | 7,000 | 1,000 | 5,000 | 10,000 | 10,000 |
Income before income tax expense | ||||||||||||||||||||||||||||||||||||||||||
99,000 | 68,000 | 61,000 | 28,000 | 84,000 | 43,000 | 62,000 | 52,000 | 72,000 | 82,000 | 53,000 | 42,000 | 96,000 | 79,000 | 40,000 | 46,000 | 78,000 | 63,000 | 44,000 | 50,000 | 60,000 | 58,000 | 54,000 | 45,000 | 78,000 | 58,000 | 35,000 | -33,000 | 65,000 | 49,000 | 56,000 | 35,000 | 64,000 | 45,000 | 38,000 | 31,000 | 91,000 | 35,000 | 70,000 | 32,000 | 37,000 | 47,000 | 29,000 |
Income tax expense | ||||||||||||||||||||||||||||||||||||||||||
18,000 | 7,000 | 6,000 | 3,000 | 11,000 | -6,000 | 9,000 | 6,000 | 8,000 | 40,000 | 13,000 | 10,000 | 23,000 | 18,000 | 6,000 | 9,000 | 17,000 | 12,000 | 8,000 | 15,000 | 10,000 | 15,000 | 16,000 | 10,000 | 20,000 | 11,000 | 4,000 | -11,000 | 17,000 | 21,000 | 19,000 | 9,000 | 15,000 | 16,000 | 11,000 | 9,000 | 22,000 | 13,000 | 22,000 | 8,000 | 10,000 | 16,000 | 3,000 |
Net income | ||||||||||||||||||||||||||||||||||||||||||
81,000 | 61,000 | 55,000 | 25,000 | 73,000 | 49,000 | 53,000 | 46,000 | 64,000 | 42,000 | 40,000 | 32,000 | 73,000 | 61,000 | 34,000 | 37,000 | 61,000 | 51,000 | 36,000 | 35,000 | 50,000 | - | 38,000 | - | - | 47,000 | 31,000 | -22,000 | 48,000 | 28,000 | 37,000 | 26,000 | 49,000 | - | 27,000 | - | - | - | 48,000 | - | - | 31,000 | 26,000 |
Other comprehensive Income | ||||||||||||||||||||||||||||||||||||||||||
1,000 | - | 0 | 1,000 | 1,000 | - | 0 | 0 | 0 | - | - | 1,000 | -1,000 | - | - | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Comprehensive Income | ||||||||||||||||||||||||||||||||||||||||||
82,000 | - | 55,000 | 26,000 | 74,000 | - | 53,000 | 46,000 | 64,000 | - | - | 33,000 | 72,000 | - | - | 37,000 | 61,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 22,000 | 69,000 | - | - | - | - | - | - |
Less: net loss attributable to noncontrolling interest | ||||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -1,000 | - | - | 0 | 0 | 0 | -1,000 | 0 | -1,000 | 0 | 0 | - | 0 | - | - | - | -1,000 | - | - | -1,000 | 2,000 |
Net income attributable to Portland General Electric Company | ||||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 43,000 | 39,000 | 35,000 | 58,000 | 47,000 | 31,000 | -22,000 | 49,000 | 28,000 | 38,000 | 26,000 | 49,000 | 29,000 | 27,000 | 22,000 | 69,000 | 25,000 | 49,000 | 24,000 | 27,000 | 32,000 | 24,000 |
Weighted-average common shares outstanding (in thousands): | ||||||||||||||||||||||||||||||||||||||||||
Weighted Average Number of Shares Outstanding, Basic | ||||||||||||||||||||||||||||||||||||||||||
89,429 | 89,374 | 89,372 | 89,357 | 89,309 | - | 89,239 | 89,215 | - | - | - | - | - | - | - | - | - | - | - | 80,745 | 78,271 | 77,342 | 78,203 | 78,183 | 78,992 | 78,104 | 77,637 | 75,935 | 75,608 | 75,534 | 75,528 | 75,507 | 75,423 | 75,346 | 75,342 | 75,326 | 75,318 | 75,300 | 75,295 | 75,276 | 75,229 | 75,182 | 75,131 |
Weighted Average Number of Shares Outstanding, Diluted | ||||||||||||||||||||||||||||||||||||||||||
89,579 | 89,772 | 89,594 | 89,561 | 89,309 | - | 89,239 | 89,215 | - | - | - | - | - | - | - | - | - | - | - | 80,745 | 81,466 | 81,544 | 80,225 | 80,051 | 80,156 | 79,588 | 78,330 | 75,935 | 75,699 | 76,087 | 75,541 | 75,517 | 75,443 | 75,304 | 75,358 | 75,401 | 75,337 | 75,317 | 75,311 | 75,290 | 75,246 | 75,223 | 75,235 |
Weighted-average common shares outstanding-basic and diluted (in thousands) | ||||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | 89,160 | - | 89,065 | 89,063 | 89,003 | - | 88,921 | 88,902 | 88,833 | - | 88,766 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Earnings Per Share [Abstract] | ||||||||||||||||||||||||||||||||||||||||||
Basic | ||||||||||||||||||||||||||||||||||||||||||
- | - | 0.61 | 0.28 | - | - | 0.59 | 0.51 | - | - | - | - | - | - | - | - | - | - | - | 0.44 | 0.64 | 0.58 | 0.48 | 0.44 | 0.74 | 0.60 | 0.40 | -0.29 | 0.65 | - | - | - | - | - | - | - | - | - | 0.65 | 0.32 | 0.36 | 0.43 | 0.31 |
Diluted | ||||||||||||||||||||||||||||||||||||||||||
- | - | 0.61 | 0.28 | - | - | 0.59 | 0.51 | - | - | - | - | - | - | - | - | - | - | - | 0.44 | 0.62 | 0.55 | 0.47 | 0.43 | 0.73 | 0.59 | 0.40 | -0.29 | 0.65 | - | - | - | - | - | - | - | - | - | 0.65 | 0.32 | 0.36 | 0.43 | 0.31 |
Earnings Per Share, Basic and Diluted | ||||||||||||||||||||||||||||||||||||||||||
0.91 | - | - | - | 0.82 | - | - | - | 0.72 | - | 0.44 | 0.36 | 0.82 | - | 0.38 | 0.42 | 0.68 | - | 0.40 | - | - | - | - | - | - | - | - | - | - | - | 0.50 | 0.34 | 0.65 | - | 0.36 | 0.29 | 0.92 | - | - | - | - | - | - |
Dividends declared per common share | ||||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | 0.34 | 0.34 | 0.32 | - | 0.32 | 0.32 | 0.30 | - | 0.30 | 0.30 | 0.28 | - | 0.28 | 0.28 | 0.27 | - | 0.27 | 0.27 | 0.27 | - | 0.27 | 0.27 | 0.26 | - | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 | 0.25 | 0.25 | 0.25 |