Please wait while we load the requested 10-Q report or click the link below:
https://last10k.com/sec-filings/report/784977/000078497718000050/a10-q20180930.htm
November 2022
October 2022
October 2022
September 2022
September 2022
August 2022
July 2022
May 2022
April 2022
April 2022
![]() | Portland General Electric One World Trade Center 121 S.W. Salmon Street Portland, Oregon 97204 News Release | ||
July 27, 2018 | |||
Media Contact: | Investor Contact: | ||
Melanie Erdmann | Chris Liddle | ||
Corporate Communications | Investor Relations | ||
Phone: 503-464-8790 | Phone: 503-464-7458 |
• | Settlement of Carty Generating Station litigation allows for full offset of incremental construction costs |
• | Increasing guidance from $2.10-$2.25 to $2.25-$2.40 per diluted share |
• | SP Global upgraded PGE’s issuer credit rating from BBB to BBB+ |
Please wait while we load the requested 10-Q report or click the link below:
https://last10k.com/sec-filings/report/784977/000078497718000050/a10-q20180930.htm
Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Portland General Electric Co.
Portland General Electric Co's Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:
Rating
Learn More![]()
The reduction in Generation, transmission and distribution expense reflects the significant storm related costs recorded in 2017 as well as lower plant maintenance expenses in 2018.
This higher cost of service was primarily due to depreciation and amortization on the incremental capital cost, interest expense, and legal expense, all of which totaled $8 million for the nine months ended September 30, 2018 and is reflected in the Companys results of operations.
Generation, transmission and distribution expense decreased $23 million, or 10%, in the nine months ended September 30, 2018 compared with the nine months ended September 30, 2017 primarily due to $12 million lower overall storm and service restoration costs, and $7 million lower plant maintenance and overhaul expense.
The sources of energy for PGEs total system load, as well as its retail load requirement, were as follows for the periods presented: Energy received from PGE-owned wind generating resources increased 22% in the nine months ended September 30, 2018 compared with the same period of 2017 as a result of more favorable wind conditions.
Income tax expense decreased $4 million in the three months ended September 30, 2018 compared with the three months ended September 30, 2017, reflecting effective tax rates of 14.5% and 24.5%, respectively.
Income tax expense decreased $23...Read more
Oregon Clean Electricity and Coal...Read more
As approved by the OPUC...Read more
However, the cost of borrowing...Read more
As a result of the...Read more
However, the Company?s ability to...Read more
Administrative and other expense decreased...Read more
Purchased power and fuel expense...Read more
Administrative and other expense decreased...Read more
The increase was driven by...Read more
Credit Ratings and Debt Covenants...Read more
As part of the RAC,...Read more
PGE?s liquidity and capital requirements...Read more
Table of Contents Table of...Read more
PGE plans to fund capital...Read more
As the final construction cost...Read more
Considerably warmer temperatures in the...Read more
Primary elements included: Install a...Read more
Other income, net decreased $3...Read more
The increase was primarily driven...Read more
Legal, Regulatory, and Environmental Matters-PGE...Read more
The areas of focus for...Read more
Tax Reform-On December 22, 2017,...Read more
After adjusting for the effects...Read more
In the first quarter of...Read more
The following table indicates the...Read more
PGE typically experiences its highest...Read more
The Company expects the OPUC...Read more
Under the revolving credit facility,...Read more
The legislation has impacted PGE...Read more
The Company?s Integrated Resource Plan...Read more
Three Months Ended September 30,...Read more
The increase in wholesale revenues...Read more
Energy deliveries to commercial customers...Read more
The following table indicates the...Read more
Any excess in such hydro...Read more
Any excess in wind generation...Read more
Effective January 1, 2017, PGE?s...Read more
For 2018, PGE expects to...Read more
Other Regulatory Matters-The following discussion...Read more
Such forward-looking statements include, but...Read more
To deliver exceptional customer service,...Read more
Revenue Recognition-PGE formally adopted ASU...Read more
Table of Contents Table of...Read more
Administrative and other expenses decreased...Read more
The performance assurance collateral can...Read more
PGE has entered into a...Read more
However, the Company cannot predict...Read more
Table of Contents Table of...Read more
Depreciation and amortization expense increased...Read more
Depreciation and amortization expense increased...Read more
For further information regarding the...Read more
Table of Contents Table of...Read more
PGE?s 2016 IRP addressed the...Read more
PGE is responding proactively to...Read more
Achievement of this objective helps...Read more
Carty-Pursuant to the final order...Read more
Any forward-looking statement speaks only...Read more
Integrated Resource Plan-In August 2017,...Read more
The Company?s definition of Gross...Read more
The legislature is expected to...Read more
The Company has a commercial...Read more
This reduction in revenues is...Read more
Under the terms of the...Read more
Due to less favorable hydroelectric...Read more
Due to less favorable hydroelectric...Read more
PGE?s capital requirements contemplate the...Read more
Includes preliminary engineering and removal...Read more
Any issuances of FMBs would...Read more
While the Company anticipates the...Read more
NVPC consists of the cost...Read more
The decrease in the average...Read more
Liquidity PGE?s access to short-term...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-Q Quarterly Report
Material Contracts, Statements, Certifications & more
Portland General Electric Co provided additional information to their SEC Filing as exhibits
Ticker: POR
CIK: 784977
Form Type: 10-Q Quarterly Report
Accession Number: 0000784977-18-000050
Submitted to the SEC: Thu Oct 25 2018 9:43:37 AM EST
Accepted by the SEC: Fri Oct 26 2018
Period: Sunday, September 30, 2018
Industry: Electric Services