波特兰通用电气 2024年度报告

FORM10-K ☐ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934For the fiscal year ended December 31, 2024 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934For the Transition period fromto Commission File Number 001-05532-99 PORTLAND GENERAL ELECTRIC COMPANY (Exact name of registrant as specified in its charter) Oregon93-0256820(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.)121 S.W. Salmon StreetPortland, Oregon 97204(503) 464-8000(Address of principal executive offices, including zip code,and Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: (Title of class)(Trading symbol)(Name of exchange on whichregistered)Common Stock, no par valuePORNew York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405of the Securities Act.Yes☐No☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 orSection 15(d) of the Act.Yes☐No☐ Indicate by check mark whether the registrant (1) has filed all reports required to be filed bySection 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (orfor such shorter period that the registrant was required to file such reports), and (2) has beensubject to such filing requirements for the past 90 days.Yes☐No☐ Indicate by check mark whether the registrant has submitted electronically every InteractiveData File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of thischapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files).Yes☐No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, anon-accelerated filer, a smaller reporting company, or an emerging growth company. Seedefinitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and“emerging growth company”in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to usethe extended transition period for complying with any new or revised financial accountingstandards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to itsmanagement’s assessment of the effectiveness of its internal control over financial reportingunder Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered publicaccounting firm that prepared or issued its audit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whetherthe financial statements of the registrant included in the filing reflect the correction of an error topreviously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required arecovery analysis of incentive-based compensation received by any of the registrant’s executiveofficers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 ofthe Exchange Act).Yes☐No☐ As of June 28, 2024, the aggregate market value of voting common stock held by non-affiliatesof the Registrant was $4,443,769,179. For purposes of this calculation, executive officers anddirectors are considered affiliates. As of February 7, 2025, there were 109,347,586shares of common stock outstanding. Documents Incorporated by Reference Part III, Items 10 - 14Portions of Portland General Electric Company’s definitive proxystatement to be filed pursuant to Regulation 14A for the Annual Meetingof Shareholders to be held on April 18, 2025. PORTLAND GENERAL ELECTRIC COMPANYFORM 10-KFOR THE YEAR ENDED DECEMBER 31, 2024 TABLE OF CONTENTS Definitions4 PART I Item 1.Business.Item 1A.Risk Factors.Item 1B.Unresolved Staff Comments.Item 1C.Cybersecurity.Item 2.Properties.Item 3.Legal Proceedings.Item 4.Mine Safety Disclosures. 5233434353737 PART II Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters andIssuer Purchases of Equity Securities.38Item 6.[Reserved].38Item 7.Management’s Discussion and Analysis of Financial Condition and Resultsof Operations.38Item 7A.Quantitative and Qualitative Disclosures About Market Risk.70Item 8.Financial Statements and Supplementary Data.73Item 9.Changes in and Disagreements with Accountants on Accounting andFinancial Disclosure.134Item 9A.Controls and Procedures.134Item 9B.Other Information.135Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections.135 PART III Item 10.Dire