ࡱ> ef l \pThe Free Software Foundation B=PF0*8X@"1 Helvetica1Courier1 Courier New1 Courier New1 Helvetica$#,##0_);($#,##0)$#,##0_);[Red]($#,##0)$#,##0.00_);($#,##0.00)$#,##0.00_);[Red]($#,##0.00)-**_($* #,##0_);_($* (#,##0);_($* "-"_);_(@_)*)'_(* #,##0_);_(* (#,##0);_(* "-"_);_(@_)5,2_($* #,##0.00_);_($* (#,##0.00);_($* "-"??_);_(@_)2+/_(* #,##0.00_);_(* (#,##0.00);_(* "-"??_);_(@_)2$#,##0.00;[Red]$#,##0.003$#,##0.00;[Red]($#,##0.00)4$#,##0;[Red]($#,##00)50.00%;[Red](0.00%)6 0%;[Red](0%)7#,##0.00;[Red](#,##0.00)8#,##0;[Red](#,##0)                + ) , *   Ј ~~ ؈ ~~#؈ ~~ ؈ ~~7#܈ ~~<#܈ ~~4#܈ ~~3#܈ ~~8#܈ ~~83ffff̙̙3f3fff3f3f33333f33&hDate of Report Date of earliest&Item 701 Regulation FD Disclosu Exhibit 991&"First quarter operating results&y9First quarter operating res (1)BIncome StatementxY Balance SheetgBalance Sheet (1)+} Cash Flows&SUPPLEMENTAL OPERATING STATISTI&SUPPLEMENTAL OPERATING STAT (1) l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/?? !Item 701 Regulation FD Disclosu Exhibit 991!First quarter operating results!First quarter operating res (1)Income Statement Balance SheetBalance Sheet (1) Cash Flows!SUPPLEMENTAL OPERATING STATISTI!SUPPLEMENTAL OPERATING STAT (1)U } I"} <}       )!PORTLAND GENERAL ELECTRIC CO /OR/ 8-K 04/27/2018H@Date of Report (Date of earliest event reported): April 27, 2018      ) !PORTLAND GENERAL ELECTRIC COMPANY. &(Exact name of registrant as specified in its charter)Oregon 001-5532-99 93-0256820$(State or other jurisdiction (Commission(I.R.S. Employerof incorporation) File Number)Identification No.)$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4[VJ>2&d@."=PF0*8X> @2    l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/?? !Date of Report Date of earliest Exhibit 991!First quarter operating results!First quarter operating res (1)Income Statement Balance SheetBalance Sheet (1) Cash Flows!SUPPLEMENTAL OPERATING STATISTI!SUPPLEMENTAL OPERATING STAT (1)U } } $ } 2      )!PORTLAND GENERAL ELECTRIC CO /OR/ 8-K 04/27/2018+#Item 7.01 Regulation FD Disclosure.    (d)   Exhibits. fffffX@ 0 (Press Release issued by Portland General  / 'Electric Company dated April 27, 2018 . X@ / 'Portland General Electric Company First2*Quarter 2018 Slides dated April 27, 2018 .$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/,|sg[OCRs=PF0*8X> @ l  "  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/?? !Date of Report Date of earliest!Item 701 Regulation FD Disclosu!First quarter operating results!First quarter operating res (1)Income Statement Balance SheetBalance Sheet (1) Cash Flows!SUPPLEMENTAL OPERATING STATISTI!SUPPLEMENTAL OPERATING STAT (1)U } $ } } $ } } $      )!PORTLAND GENERAL ELECTRIC CO /OR/ 8-K 04/27/2018 Exhibit 99.1      ! Portland General Electric    One World Trade Center    121 S.W. Salmon Street    Portland, Oregon 97204 News ReleaseFOR IMMEDIATE RELEASEApril 27, 2018Media Contact:Investor Contact:Melanie Erdmann Chris Liddle Corporate CommunicationsInvestor RelationsPhone: 503-464-8790Phone: 503-464-7458$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/>w0~rfZ*a.q&vj^6=PF0*8X> @ l  206  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/?? !Date of Report Date of earliest!Item 701 Regulation FD Disclosu Exhibit 991!First quarter operating res (1)Income Statement Balance SheetBalance Sheet (1) Cash Flows!SUPPLEMENTAL OPERATING STATISTI!SUPPLEMENTAL OPERATING STAT (1)U } 2}  $ 2                                 )!PORTLAND GENERAL ELECTRIC CO /OR/ 8-K 04/27/2018'First quarter operating results          0 (Earnings Reconciliation of Q1 2017 to Q1~ # ($ in millions, except EPS) Pre-Tax Income  Net Income*  Diluted EPS** Reported Q1 2017~  ~ &  = ףp=? Revenue$Electric Retail price change~ ~  ? %Electric Retail volume change~ ~ Qο %Change in decoupling deferral~ ~ Q뱿 2*Electric wholesale price and volume change~ >~ *Q?  Other items~ ~  Change in Revenue~ n~ (\ҿ  Power Cost$Change in average power cost~ 6~ &? 0(Change in purchased power and generation~ ~ {Gz Change in Power Costs~ .~ " ףp= ?  O&M.&Generation, transmission, distribution~ 2~ &? "Administrative and general~ ~ {Gz  Change in O&M~ *~ "{Gz? D lwk_SGw |BBlp ! " # $ % & ' ( ) * + , - . / 0 1   Other Items   #!Depreciation & amortization~ !!~ !!!Q뱿! "AFDC Equity***~ " "~ " ""{Gz?" # Other Items~ ##~ ###{Gz# -$%Adjustment for effective vs statutory$~ $"$$ ףp= ?$ %%tax rate including tax reform&Change in Other Items~ &&~ &&&{Gz?& 'Reported Q1 2018~ '"'~ ''' ףp= ?' 8(0* After tax adjustments based on PGE?s statutory)tax rate of 27.5%3*+** Some values may not foot due to rounding0+(*** Statutory tax rate does not apply to, AFDC equity-.$/____________________________10)Created by Morningstar Document Research.01(http://documentresearch.morningstar.com/(TLwfh4=PF0*8X> @*E11 00 // ,, ++ ** )) (( ''''''&&&&&&$$$$######""""""!!!!!!       l  SB  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/?? !Date of Report Date of earliest!Item 701 Regulation FD Disclosu Exhibit 991!First quarter operating resultsIncome Statement Balance SheetBalance Sheet (1) Cash Flows!SUPPLEMENTAL OPERATING STATISTI!SUPPLEMENTAL OPERATING STAT (1)U } +} U} $} $ } U} $} $ }       )!PORTLAND GENERAL ELECTRIC CO /OR/ 8-K 04/27/2018'First quarter operating results          Heating Degree-days ~  ~   Avg. January~ N   ~ &  ~ N  February~    ~    ~  March~ ~ J~ Totals~ ~ !~ V,$(Decrease)/increase from the 15-year~  %~ R %average$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/08wk_SGl&0=PF0*8X> @2    l  0=QwW  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/?? !Date of Report Date of earliest!Item 701 Regulation FD Disclosu Exhibit 991!First quarter operating results!First quarter operating res (1) Balance SheetBalance Sheet (1) Cash Flows!SUPPLEMENTAL OPERATING STATISTI!SUPPLEMENTAL OPERATING STAT (1)U } I;} $ 0                                 )!PORTLAND GENERAL ELECTRIC CO /OR/ 8-K 04/27/2018Income Statement            Three Months Ended    March 31,  ~  ~   Revenues:     Revenues, net~ ~ J91Alternative revenue programs, net of amortization~  ?Total revenues~ ~ JOperating expenses: Purchased power and fuel~  ~ 61)Generation, transmission and distribution~ ~ F Administrative and other~ ~ %Depreciation and amortization~ r~ R%Taxes other than income taxes~ ~  Total operating expenses~ &~ ZIncome from operations~ ~ Interest expense, net~ ~~ z Other income:.&Allowance for equity funds used during~ ~   construction+#Miscellaneous income (expense), net~  ?Other income, net~ ~  ( Income before income tax expense~ "~ D lznbVG`o7q ! " # $ % & ' ( ) * + , - . /  Income tax expense ~ "  ~ ^ ! Net income!~ !!!~ !&! "Other comprehensive loss" "?""~ ""#Comprehensive income#~ ###~ #"#$$$$$1%)Weighted-average shares outstanding?basic%~ %"q%%~ %n%"&and diluted (in thousands)''''',($Earnings per share?basic and diluted(( ףp= ?(((= ףp=?()))))+*#Dividends declared per common share**(\?***{Gz?*+,$-____________________________1.)Created by Morningstar Document Research.0/(http://documentresearch.morningstar.com/$,4Yv:z=PF0*8X> @3//..--****((((%%%%####""""!!!!       l  !e{f  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/?? !Date of Report Date of earliest!Item 701 Regulation FD Disclosu Exhibit 991!First quarter operating results!First quarter operating res (1)Income StatementBalance Sheet (1) Cash Flows!SUPPLEMENTAL OPERATING STATISTI!SUPPLEMENTAL OPERATING STAT (1)U } '} $ !     )!PORTLAND GENERAL ELECTRIC CO /OR/ 8-K 04/27/2018 Balance Sheet           March 31,   December 31, ~  ~  ASSETS    Current assets:   !Cash and cash equivalents~ ~  Accounts receivable, net~ b~ Unbilled revenues~ 6~  Inventories~ B~ :!Regulatory assets?current~ "~ Other current assets~ F~ &Total current assets~ R~ :#Electric utility plant, net~ i~ Vi$Regulatory assets?noncurrent~ ~ %Nuclear decommissioning trust~ ~ ( Non-qualified benefit plan trust~ ~ Other noncurrent assets~ ~  Total assets~ R{~ zz$____________________________1)Created by Morningstar Document Research.D l}qeYJ B)i1b  0 (http://documentresearch.morningstar.com/H=PF0*8X> @ !      l  2uV{  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/?? !Date of Report Date of earliest!Item 701 Regulation FD Disclosu Exhibit 991!First quarter operating results!First quarter operating res (1)Income Statement Balance Sheet Cash Flows!SUPPLEMENTAL OPERATING STATISTI!SUPPLEMENTAL OPERATING STAT (1)U } 8} $ 2     )!PORTLAND GENERAL ELECTRIC CO /OR/ 8-K 04/27/2018 Balance Sheet           March 31,   December 31, ~  ~  LIABILITIES AND EQUITY    Current liabilities:   Accounts payable~ ~ .&Liabilities from price risk management~ ~ activities?current6.Accrued expenses and other current liabilities~ ~ !Total current liabilities~ &~ .&Long-term debt, net of current portion~ %~ %)!Regulatory liabilities?noncurrent~ ~ "Deferred income taxes~ ~ 5-Unfunded status of pension and postretirement~ j~ r plans.&Liabilities from price risk management~ B~ ^activities?noncurrent$Asset retirement obligations~ ~ .&Non-qualified benefit plan liabilities~ ~ $Other noncurrent liabilities~ ~ Total liabilities~ U~ T1)Commitments and contingencies (see notes)Equity:D l}qeY:( +Lraf/ !"#$%&'()*+,-./017 /Portland General Electric Company shareholders?   !equity:1")Preferred stock, no par value, 30,000,000 "?"" "?"6#.shares authorized; none issued and outstanding2$*as of March 31, 2018 and December 31, 2017/%'Common stock, no par value, 160,000,000~ %%%~ %%4&,shares authorized; 89,214,119 and 89,114,2651')shares issued and outstanding as of March4(,31, 2018 and December 31, 2017, respectively,)$Accumulated other comprehensive loss~ )))~ ))*Retained earnings~ ***~ **+ Total equity~ +F&++~ +%+$,Total liabilities and equity~ ,R{,,~ ,zz,-.$/____________________________10)Created by Morningstar Document Research.01(http://documentresearch.morningstar.com/( T8#n=PF0*8X> @j-1100//,,,,++++****))))%%%%""""     l  =n  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/?? !Date of Report Date of earliest!Item 701 Regulation FD Disclosu Exhibit 991!First quarter operating results!First quarter operating res (1)Income Statement Balance SheetBalance Sheet (1)!SUPPLEMENTAL OPERATING STATISTI!SUPPLEMENTAL OPERATING STAT (1)U } y<} $ =     )!PORTLAND GENERAL ELECTRIC CO /OR/ 8-K 04/27/2018 Cash Flows         $ Three Months Ended March 31, ~  ~ - %Cash flows from operating activities:     Net income~   ~ & .&Adjustments to reconcile net income to2*net cash provided by operating activities:%Depreciation and amortization~ r~ RDeferred income taxes~ ~ F1)Pension and other postretirement benefits~ ~ .&Allowance for equity funds used during~ ~  construction.&Decoupling mechanism deferrals, net of~ ~  amortization2*Deferral of net benefits due to Tax Reform~ > ?/'Other non-cash income and expenses, net~ ~ #Changes in working capital:4,Decrease in accounts receivable and unbilled~ ~ vrevenuesDecrease in inventories~ ~ *"(Increase) in margin deposits, net~ ~ 2*(Decrease) in accounts payable and accrued~ ~  liabilitiesD lth\?]" "_Kz !"#$%&'()*+,-./0123456789:;<(  Other working capital items, net~   ~  ! Other, net~ !!!~ !!1")Net cash provided by operating activities~ " ""~ ""-#%Cash flows from investing activities:###$Capital expenditures~ $$$~ $:$.%&Sales of Nuclear decommissioning trust~ %%%~ %%& securities,'$Purchases of Nuclear decommissioning~ '''~ ''(trust securities) Other, net~ )))~ ))-*%Net cash used in investing activities~ ***~ *>*-+%Cash flows from financing activities:+++,Dividends paid~ ,,,~ ,, -Other~ ---~ ---.%Net cash used in financing activities~ .~..~ ..-/%Increase in cash and cash equivalents~ /~//~ /f//0'Cash and cash equivalents, beginning of~ 000~ 001period02(Cash and cash equivalents, end of period~ 222~ 2~23333-4%Supplemental cash flow information is4445 as follows::62Cash paid for interest, net of amounts capitalized~ 6666~ 666"7Cash paid for income taxes 7?77 7?789$:____________________________1;)Created by Morningstar Document Research.0<(http://documentresearch.morningstar.com/> 0>t99W^.D=PF0*8X> @><<;;::7777666622220000////....----,,,,****))))''''%%%%$$$$""""!!!!        l  1۴  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/?? !Date of Report Date of earliest!Item 701 Regulation FD Disclosu Exhibit 991!First quarter operating results!First quarter operating res (1)Income Statement Balance SheetBalance Sheet (1) Cash Flows!SUPPLEMENTAL OPERATING STAT (1)U } I;} $ } $} $}  $ } $} $ 1     )!PORTLAND GENERAL ELECTRIC CO /OR/ 8-K 04/27/2018)!SUPPLEMENTAL OPERATING STATISTICS               $ Three Months Ended March 31, ~  ~ ' Revenues (dollars in millions):        Retail:        Residential~ 2~  %~   ~    % Commercial~ ^~ ~~ v  ~  z  Industrial~ ~ &~   ~  "  Direct Access~ *~  ~ &  ~    Subtotal~ f~ ~   ~  z 91Alternative revenue programs, net of amortization~  ? ?    ? .&Other accrued (deferred) revenues, net~ ~ ~ "  ~    Total retail revenues~ ~ r~   ~   Wholesale revenues~ r~ ~ 6  ~     Other operating revenues~ .~  ~ .  ~    Total revenues~ ~  %~ J  ~    %-%Energy deliveries (MWh in thousands):  Retail:   Residential~ V!~  %~ >%  ~    % Commercial~ ~ n~ ^  ~  z  Industrial~  ~ 2~    ~  2 Subtotal~ D~ 2~ RJ  ~  R Direct access:  Dului]QEi5Of![Fi] !"#$%&'()*+,-./0  Commercial~ b  ~   ~ >  ~   ! Industrial~ !f!!~ !!!~ !! ! ~ ! ! "Subtotal~ """~ "&""~ "B" " ~ " "" &#Total retail energy deliveries~ #L##~ #V##~ #Q# # ~ # r# #$Wholesale energy deliveries~ $ $$~ $>$$~ $$ $ ~ $ "$ %Total energy deliveries~ %VZ%%~ % %%%~ %nX% % ~ %  % %+&#Average number of retail customers:&&&&&& & ' Residential~ '.''~ 'b '%'~ 'E.' ' ~ ' b ' %( Commercial~ (((~ (2((~ (zq( ( ~ ( 2( ) Industrial~ ):)) )?))~ )) )  ) ?) * Direct access~ *V ** *?**~ ** *  * ?*  +Total~ +~5++~ + +%+~ +.4+ + ~ +  + %,-$.____________________________1/)Created by Morningstar Document Research.00(http://documentresearch.morningstar.com/& @^f8VJ>=PF0*8X> @:00 // .. ++++ **** )))) (((( '''' %%%% $$$$ #### """" !!!!                     l  ":  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/?? !Date of Report Date of earliest!Item 701 Regulation FD Disclosu Exhibit 991!First quarter operating results!First quarter operating res (1)Income Statement Balance SheetBalance Sheet (1) Cash Flows!SUPPLEMENTAL OPERATING STATISTIU } -}  } $ } $} $} $ }  }  $ } $} $ "                                 )!PORTLAND GENERAL ELECTRIC CO /OR/ 8-K 04/27/20184,SUPPLEMENTAL OPERATING STATISTICS, continued             $ Three Months Ended March 31, ~  ~ - %Sources of energy (MWh in thousands):         Generation:       Thermal:   Natural gas~ ~  %~ ^ ~  b  % Coal~ ~ *~ > ~  B  Total thermal~ %~ ~ " ~    Hydro~ b~ "~  ~  *  Wind~ n~ "~  ~   Total generation~ n4~ ~ / ~   Purchased power:   Term~ N~ ~~  ~    Hydro~ ~ &~  ~  &  Wind~ ~ ~  ~   Total purchased power~ $~ ~ Z' ~   Total system load~ X~  %~ .W ~    %Less: wholesale sales~ Z~ &  Retail load requirement~ J~ RP  $____________________________D^lj^RF:vBREg#z1bV ! 1 )Created by Morningstar Document Research.0!(http://documentresearch.morningstar.com/=PF0*8X> @2!!     Root Entry FBook    !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcd