波特兰通用电气 2026年季度报告

FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OFTHE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2026 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OFTHE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________________ to ____________________ Commission File Number:001-5532-99 PORTLAND GENERAL ELECTRIC COMPANY (Exact name of registrant as specified in its charter) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past90 days. [x] Yes [ ] No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of RegulationS-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). [x] Yesx[ ] No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerginggrowth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2of 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 use the extended transition period for complying with any new or revised financial accounting standard provided pursuant to Section 13(a) of the Exchange Act. [ ] Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).☐Yes [x] NoNumber of shares of common stock outstanding as of July 24, 2026 is 117,607,740shares. PORTLAND GENERAL ELECTRIC COMPANYFORM 10-QFOR THE QUARTERLY PERIOD ENDED JUNE 30, 2026TABLE OF CONTENTSDefinitions3PART I — FINANCIAL INFORMATIONItem 1.Financial Statements (Unaudited)4Condensed Consolidated Statements of Income and Comprehensive Income4Condensed Consolidated Balance Sheets5Condensed Consolidated Statements of Cash Flows7Notes to Condensed Consolidated Financial Statements9Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations33Item 3.Quantitative and Qualitative Disclosures About Market Risk63Item 4.Controls and Procedures63PART II — OTHER INFORMATIONItem 1.Legal Proceedings63Item 1A.Risk Factors63Item 5.Other Information64Item 6.Exhibits64SIGNATURE65 DEFINITIONS The following abbreviations and acronyms are used throughout this document: PART I — FINANCIAL INFORMATION PORTLAND GENERAL ELECTRIC COMPANY AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF INCOMEAND COMPREHENSIVE INCOME(Dollars in millions, except per share amounts) (Unaudited) Earnings per share: PORTLAND GENERAL ELECTRIC COMPANY AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(Dollars in millions)(Unaudited) PORTLAND GENERAL ELECTRIC COMPANY AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS, continued(Dollars in millions)(Unaudited) Current liabilities: PORTLAND GENERAL ELECTRIC COMPANY AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(In millions)(Unaudited) PORTLAND GENERAL ELECTRIC COMPANYNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) NOTE 1: BASIS OF PRESENTATION Nature of Business Portland General Electric Company (PGE or the Company) is a single, vertically-integrated electric utility engaged inthe generation, purchase, transmission, distribution, and retail sale of electricity in the State of Oregon (State). TheCompany also participates in the wholesale market by purchasing and selling electricity, natural gas, and environmentalcredits in an effort to meet the needs of, and obtain reasonably-priced power for, its retail customers, manage risk, andadminister its long-term wholesale contracts. In addition, PGE performs wholesale market services for third parties inthe region. The Company develops products and service offerings for the benefit of retail and wholesale customers.PGE operates as a single segment, with revenues and costs related to its business activities recorded and analyzed on atotal electric operations basis. The Company owns unregulated, non-utility real estate comprised primarily of PGE’scorporate headquarters. The Company’s corporate headquarters is located in Portland, Oregon and its approximately4,000 square mile, State-approved service area, entirely within the State, encompasses 51 incorporated cities. As ofJune 30, 2026, PGE served 962,000 retail customers within a service area of approximately 2 million residents. PGE is subject to the jurisdiction of the Public Utility Commission of Oregon