Portland General Electric Co. and Subsidiaries
Condensed Consolidated Statements of Income
(Dollars in millions, except per share amounts)
(Unaudited) |
|
Three Months Ended March 31, |
|
2008 |
|
2007 |
| Revenues |
$ 471 |
|
$ 436 |
|
| Operating expenses: |
| Purchased power and fuel |
250 |
|
203 |
| Production and distribution |
39 |
|
32 |
| Administrative and other |
47 |
|
45 |
| Depreciation and amortization |
50 |
|
45 |
| Taxes other than income taxes |
22 |
|
21 |
| Total operating expenses |
408 |
|
346 |
| Income from operations |
63 |
|
90 |
|
| Other income (expense): |
| Allowance for equity funds used during construction |
2 |
|
5 |
| Miscellaneous income (expense) |
(3) |
|
4 |
| Other income (expense) |
(1) |
|
9 |
| Interest expense |
23 |
|
17 |
| Income before income taxes |
39 |
|
82 |
| Income taxes |
11 |
|
27 |
| Net Income |
$ 28 |
|
$ 55 |
| |
| Weighted-Average
Shares Outstanding (in thousands): |
|
|
|
| Basic |
62,530 |
|
62,505 |
| Diluted |
62,571 |
|
62,525 |
|
| Earnings per share - basic and diluted |
$ 0.44 |
|
$ 0.88 |
|
| Dividends declared per share |
$ 0.235 |
|
$ 0.225 |
|
|
