Portland General Electric Company and Subsidiaries
Statements of Comprehensive Income
(Dollars in millions) |
|
| Years Ended December 31 |
2007 |
2006 |
2005 |
|
|
|
Net Income |
$145 |
$71 |
$64 |
|
| Other comprehensive income (loss) items, net of taxes: |
|
Unrealized
gains (losses) on cash flow hedges: |
|
|
|
Unrealized
holding net gains (losses), net of taxes of $2
in 2007, $16 in 2006, and $(18)
in 2005 |
(2) |
(26) |
28 |
Reclassification
to net income for contract settlements,
net of taxes of $(1) in 2007, $7 in
2006, and $(3) in
2005 |
2 |
(11) |
4 |
Reclassification
to net income due to discontinuance of
cash flow hedges, net of taxes of $1 in
2005 |
- |
- |
(1) |
Reclassification
of unrealized gains (losses) to SFAS 71
regulatory asset (liability), net of
taxes of $(1) in 2007,
$(24) in 2006, and $19 in 2005 |
- |
37 |
(29) |
|
Total
unrealized gains on cash flow hedges |
- |
- |
2 |
|
Pension and other postretirement plans’
funded position,
net of taxes of $(12) |
20 |
- |
- |
Reclassification
of defined benefit pension plan and other
benefits to SFAS 71 regulatory asset,
net of taxes of
$12 |
(18) |
- |
- |
|
Minimum
pension liability adjustment |
- |
1 |
1 |
Total other
comprehensive income items, net of
taxes |
2 |
1 |
3 |
| |
|
|
|
Comprehensive
income |
$ 147 |
$ 72 |
$ 67 |
| |
|
|
|
|
