Portland General Electric Company

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		Financial Information

		Financial Overview

		Balance Sheet

		Cash Flow

		Income Statement

Portland General Electric Company and Subsidiaries Condensed Consolidated Balance Sheets (Dollars in millions) (Unaudited)
		March 31, 2008	December 31, 2007
ASSETS
Current assets:
Cash and cash equivalents		$ 51	$ 73
Accounts and notes receivable, net		233	178
Unbilled revenues		79	92
Assets from price risk management activities		202	64
Inventories, at average cost		60	64
Other current assets		53	67
Total current assets		678	538
Electric utility plant, net	3,147		3,066
Other property and investments:
Nuclear decommissioning trust		46	46
Non-qualified benefit plan trust		63	69
Miscellaneous		17	19
Total other property and investments		126	134
Regulatory assests		252	304
Other noncurrent assets		66	66
Total assets		$ 4,269	$ 4,108

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable and accrued liabilities		$ 273	$ 227
Liabilities from price risk management activities		99	101
Other current liabilities		49	40
Deferred income taxes		40	-
Accrued taxes		28	23
Total current liabilities		489	391
Long-term debt		1,256	1,313
Regulatory liabilities		727	574
Deferred income taxes		234	279
Non-qualified benefit plan liabilities		88	86
Accumulated asset retirement obligations		88	91
Other noncurrent liabilities		57	58
Total liabilities		2,939	2,792
Shareholders' equity:
Common stock, no par value, 80,000,000 shares authorized, 62,532,232 and 62,529,787 shares issues and outstanding as of March 31, 2008, and December 31, 2007, respectively		$ 647	$ 646
Accumulated other comprehensive income loss		(4)	(4)
Retained earnings		687	674
Total shareholders' equity		1,330	1,316
Total liabilities and shareholders' equity		$ 4,269	$ 4,108