10-Q Filing

PORTLAND GENERAL ELECTRIC CO /OR/ CIK: 784977 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0000784977-12-000060`
Period End Date	20120331
Filing Date	20120503
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	por-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 94 Income Statement 40 Cash Flow Statement 70

Balance Sheet 94 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, no par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Preferred stock, no par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	30.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	30.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.00M	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.00M	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.00M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$156.00M	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$144.00M	USD	Point-in-time
Unbilled revenues	`UnbilledReceivablesCurrent`	$79.00M	USD	Point-in-time
Common stock, no par value	`CommonStockNoParValue`	-	USD	Point-in-time
Unbilled revenues	`UnbilledReceivablesCurrent`	$101.00M	USD	Point-in-time
Common stock, no par value	`CommonStockNoParValue`	-	USD	Point-in-time
Inventories	`EnergyRelatedInventory`	$81.00M	USD	Point-in-time
Inventories	`EnergyRelatedInventory`	$71.00M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	160.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	160.00M	shares	Point-in-time
Margin deposits	`MarginDepositAssets`	$98.00M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	75.50M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	75.36M	shares	Point-in-time
Margin deposits	`MarginDepositAssets`	$80.00M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	75.36M	shares	Point-in-time
Regulatory assets - current	`RegulatoryAssetsCurrent`	$216.00M	USD	Point-in-time
Regulatory assets - current	`RegulatoryAssetsCurrent`	$232.00M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	75.50M	shares	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsNetCurrent`	$39.00M	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsNetCurrent`	$33.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$65.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$87.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$716.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$780.00M	USD	Point-in-time
Electric utility plant, net	`PublicUtilitiesPropertyPlantAndEquipmentNet`	$4.29B	USD	Point-in-time
Electric utility plant, net	`PublicUtilitiesPropertyPlantAndEquipmentNet`	$4.29B	USD	Point-in-time
Regulatory assets - noncurrent	`RegulatoryAssetsNoncurrent`	$588.00M	USD	Point-in-time
Regulatory assets - noncurrent	`RegulatoryAssetsNoncurrent`	$594.00M	USD	Point-in-time
Nuclear decommissioning trust	`DecommissioningFundInvestments`	$37.00M	USD	Point-in-time
Nuclear decommissioning trust	`DecommissioningFundInvestments`	$36.00M	USD	Point-in-time
Non-qualified benefit plan trust	`AssetsHeldInTrustNoncurrent`	$36.00M	USD	Point-in-time
Non-qualified benefit plan trust	`AssetsHeldInTrustNoncurrent`	$36.00M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$61.00M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$65.00M	USD	Point-in-time
Total assets	`Assets`	$5.79B	USD	Point-in-time
Total assets	`Assets`	$5.73B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$111.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$80.00M	USD	Point-in-time
Liabilities from price risk mangement activities - current	`DerivativeLiabilitiesCurrent`	$216.00M	USD	Point-in-time
Liabilities from price risk mangement activities - current	`DerivativeLiabilitiesCurrent`	$242.00M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	-	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$30.00M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$100.00M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$100.00M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherLiabilitiesCurrent`	$157.00M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherLiabilitiesCurrent`	$166.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$588.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$614.00M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$1.64B	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$1.64B	USD	Point-in-time
Regulatory liabilities - noncurrent	`RegulatoryLiabilityNoncurrent`	$742.00M	USD	Point-in-time
Regulatory liabilities - noncurrent	`RegulatoryLiabilityNoncurrent`	$720.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$529.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$557.00M	USD	Point-in-time
Liabilities from price risk mangement activities - noncurrent	`DerivativeLiabilitiesNoncurrent`	$172.00M	USD	Point-in-time
Liabilities from price risk mangement activities - noncurrent	`DerivativeLiabilitiesNoncurrent`	$173.00M	USD	Point-in-time
Unfunded status of pension and postretirement plans	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$195.00M	USD	Point-in-time
Unfunded status of pension and postretirement plans	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$197.00M	USD	Point-in-time
Non-qualified benefit plan liabilities	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$102.00M	USD	Point-in-time
Non-qualified benefit plan liabilities	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$101.00M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$101.00M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$100.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.07B	USD	Point-in-time
Total liabilities	`Liabilities`	$4.09B	USD	Point-in-time
Commitments and contingencies (see notes)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (see notes)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, no par value, 30,000,000 shares authorized; none issued and outstanding as of March 31, 2012 and December 31, 2011	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, no par value, 30,000,000 shares authorized; none issued and outstanding as of March 31, 2012 and December 31, 2011	`PreferredStockValue`	-	USD	Point-in-time
Common stock, no par value, 160,000,000 shares authorized; 75,504,580 and 75,362,956 shares issued and outstanding as of March 31, 2012 and December 31, 2011, respectively	`CommonStockValue`	$836.00M	USD	Point-in-time
Common stock, no par value, 160,000,000 shares authorized; 75,504,580 and 75,362,956 shares issued and outstanding as of March 31, 2012 and December 31, 2011, respectively	`CommonStockValue`	$836.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$862.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$833.00M	USD	Point-in-time
Total Portland General Electric Company shareholders' equity	`StockholdersEquity`	$1.66B	USD	Point-in-time
Total Portland General Electric Company shareholders' equity	`StockholdersEquity`	$1.69B	USD	Point-in-time
Noncontrolling interests' equity	`MinorityInterest`	$3.00M	USD	Point-in-time
Noncontrolling interests' equity	`MinorityInterest`	$3.00M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.70B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.67B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$5.73B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$5.79B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`ElectricUtilityRevenue`	$479.00M	USD	1 Quarter
Revenues, net	`ElectricUtilityRevenue`	$484.00M	USD	1 Quarter
Purchased power and fuel	`CostOfPurchasedPowerAndFuel`	$194.00M	USD	1 Quarter
Purchased power and fuel	`CostOfPurchasedPowerAndFuel`	$195.00M	USD	1 Quarter
Production and distribution	`ElectricProductionExpense`	$42.00M	USD	1 Quarter
Production and distribution	`ElectricProductionExpense`	$53.00M	USD	1 Quarter
Administrative and other	`GeneralAndAdministrativeExpense`	$52.00M	USD	1 Quarter
Administrative and other	`GeneralAndAdministrativeExpense`	$54.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$56.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$62.00M	USD	1 Quarter
Taxes other than income taxes	`TaxesExcludingIncomeAndExciseTaxes`	$25.00M	USD	1 Quarter
Taxes other than income taxes	`TaxesExcludingIncomeAndExciseTaxes`	$27.00M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$391.00M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$369.00M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$88.00M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$115.00M	USD	1 Quarter
Allowance for equity funds used during construction	`PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity`	$1.00M	USD	1 Quarter
Allowance for equity funds used during construction	`PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity`	$1.00M	USD	1 Quarter
Miscellaneous income, net	`OtherNonoperatingIncomeExpense`	$3.00M	USD	1 Quarter
Miscellaneous income, net	`OtherNonoperatingIncomeExpense`	$2.00M	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$3.00M	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$4.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$28.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$27.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$91.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$64.00M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$15.00M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$22.00M	USD	1 Quarter
Net income and net income attributable to Portland General Electric Company	`NetIncomeLoss`	$49.00M	USD	1 Quarter
Net income and net income attributable to Portland General Electric Company	`NetIncomeLoss`	$69.00M	USD	1 Quarter
Comprehensive income and comprehensive income attributable to Portland General Electric Company	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$69.00M	USD	1 Quarter
Comprehensive income and comprehensive income attributable to Portland General Electric Company	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$49.00M	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	75.32M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	75.42M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	75.34M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	75.44M	shares	1 Quarter
Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$0.92	USD	1 Quarter
Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$0.65	USD	1 Quarter
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.27	USD	1 Quarter
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.26	USD	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$69.00M	USD	1 Quarter
Net income	`ProfitLoss`	$49.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$56.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$62.00M	USD	1 Quarter
Increase (decrease) in net liabilities from price risk management activities	`IncreaseDecreaseInRiskManagementAssetsAndLiabilities`	$-29.00M	USD	1 Quarter
Increase (decrease) in net liabilities from price risk management activities	`IncreaseDecreaseInRiskManagementAssetsAndLiabilities`	$21.00M	USD	1 Quarter
Regulatory deferral - price risk management activities	`RegulatoryDeferralPriceRiskManagementActivities`	$29.00M	USD	1 Quarter
Regulatory deferral - price risk management activities	`RegulatoryDeferralPriceRiskManagementActivities`	$-22.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$24.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$25.00M	USD	1 Quarter
Power cost deferrals, net of amortization	`DeferredPurchasedPowerCosts`	$4.00M	USD	1 Quarter
Power cost deferrals, net of amortization	`DeferredPurchasedPowerCosts`	$3.00M	USD	1 Quarter
Allowance for equity funds used during construction	`PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity`	$1.00M	USD	1 Quarter
Allowance for equity funds used during construction	`PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity`	$1.00M	USD	1 Quarter
Other non-cash income and expenses, net	`OtherNoncashIncomeExpense`	$9.00M	USD	1 Quarter
Other non-cash income and expenses, net	`OtherNoncashIncomeExpense`	$14.00M	USD	1 Quarter
Decrease (increase) in receivables	`IncreaseDecreaseInReceivables`	$-1.00M	USD	1 Quarter
Decrease (increase) in receivables	`IncreaseDecreaseInReceivables`	$9.00M	USD	1 Quarter
(Increase) decrease in margin deposits, net	`IncreaseDecreaseInMarginDepositsOutstanding`	$3.00M	USD	1 Quarter
(Increase) decrease in margin deposits, net	`IncreaseDecreaseInMarginDepositsOutstanding`	$-18.00M	USD	1 Quarter
Income tax refund received	`ProceedsFromIncomeTaxRefunds`	$8.00M	USD	1 Quarter
Income tax refund received	`ProceedsFromIncomeTaxRefunds`	$8.00M	USD	1 Quarter
Decrease in payables and accrued liabilities	`IncreaseDecreaseInAccountsPayable`	$-10.00M	USD	1 Quarter
Decrease in payables and accrued liabilities	`IncreaseDecreaseInAccountsPayable`	$-18.00M	USD	1 Quarter
Other working capital items, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-24.00M	USD	1 Quarter
Other working capital items, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-16.00M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingAssets`	$3.00M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingAssets`	-	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$146.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$110.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$69.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$69.00M	USD	1 Quarter
Sale of solar power facility	`ProceedsFromSaleOfProductiveAssets`	-	USD	1 Quarter
Sale of solar power facility	`ProceedsFromSaleOfProductiveAssets`	$10.00M	USD	1 Quarter
Sales of Nuclear decommissioning trust securities	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$7.00M	USD	1 Quarter
Sales of Nuclear decommissioning trust securities	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$18.00M	USD	1 Quarter
Purchases of Nuclear decommissioning trust securities	`PaymentsToAcquireInvestments`	$19.00M	USD	1 Quarter
Purchases of Nuclear decommissioning trust securities	`PaymentsToAcquireInvestments`	$7.00M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.00M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-58.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-70.00M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$10.00M	USD	1 Quarter
Maturities of commercial paper, net	`ProceedsFromIssuanceOfCommercialPaper`	$-30.00M	USD	1 Quarter
Maturities of commercial paper, net	`ProceedsFromIssuanceOfCommercialPaper`	$-19.00M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$20.00M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$20.00M	USD	1 Quarter
Noncontrolling interests capital distributions	`PaymentsToMinorityShareholders`	-	USD	1 Quarter
Noncontrolling interests capital distributions	`PaymentsToMinorityShareholders`	$4.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-53.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-50.00M	USD	1 Quarter
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.00M	USD	1 Quarter
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$23.00M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.00M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.00M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$27.00M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.00M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.00M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.00M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$27.00M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.00M	USD	Point-in-time
Cash paid for interest, net of amounts capitalized	`InterestPaidNet`	$15.00M	USD	1 Quarter
Cash paid for interest, net of amounts capitalized	`InterestPaidNet`	$13.00M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$1.00M	USD	1 Quarter
Accrued capital additions	`CapitalExpendituresIncurredButNotYetPaid`	$8.00M	USD	1 Quarter
Accrued capital additions	`CapitalExpendituresIncurredButNotYetPaid`	$9.00M	USD	1 Quarter
Accrued dividends payable	`DividendsPayableAmount`	$20.00M	USD	Point-in-time
Accrued dividends payable	`DividendsPayableAmount`	$21.00M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.