2020 Q4 Form 10-K Financial Statement

#000078497721000007 Filed on February 19, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2019 Q4 2018 Q4
Revenue $556.0M $548.0M $524.0M
YoY Change 1.46% 4.58% 1.75%
Cost Of Revenue $232.0M $241.0M $250.0M
YoY Change -3.73% -3.6% 28.21%
Gross Profit $324.0M $307.0M $274.0M
YoY Change 5.54% 12.04% -14.38%
Gross Profit Margin 58.27% 56.02% 52.29%
Selling, General & Admin $75.00M $67.00M $83.00M
YoY Change 11.94% -19.28% 31.75%
% of Gross Profit 23.15% 21.82% 30.29%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $134.0M $104.0M $101.0M
YoY Change 28.85% 2.97% 14.77%
% of Gross Profit 41.36% 33.88% 36.86%
Operating Expenses $243.0M $204.0M $218.0M
YoY Change 19.12% -6.42% 21.11%
Operating Profit $81.00M $103.0M $56.00M
YoY Change -21.36% 83.93% -60.0%
Interest Expense -$29.00M -$36.00M -$9.000M
YoY Change -19.44% 300.0% -83.64%
% of Operating Profit -35.8% -34.95% -16.07%
Other Income/Expense, Net $4.000M $1.000M -$4.000M
YoY Change 300.0% -125.0% 33.33%
Pretax Income $56.00M $68.00M $43.00M
YoY Change -17.65% 58.14% -47.56%
Income Tax $4.000M $7.000M -$6.000M
% Of Pretax Income 7.14% 10.29% -13.95%
Net Earnings $52.00M $61.00M $49.00M
YoY Change -14.75% 24.49% 16.67%
Net Earnings / Revenue 9.35% 11.13% 9.35%
Basic Earnings Per Share
Diluted Earnings Per Share $579.7K $680.8K $545.7K
COMMON SHARES
Basic Shares Outstanding 89.51M shares 89.37M shares 89.24M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q4 2019 Q4 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $265.0M $46.00M $135.0M
YoY Change 476.09% -65.93% 170.0%
Cash & Equivalents $257.0M $30.00M $119.0M
Short-Term Investments $8.000M $16.00M $16.00M
Other Short-Term Assets $98.00M $104.0M $90.00M
YoY Change -5.77% 15.56% 23.29%
Inventory $72.00M $96.00M $84.00M
Prepaid Expenses $57.00M $63.00M $54.00M
Receivables $271.0M $253.0M $193.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $721.0M $500.0M $643.0M
YoY Change 44.2% -22.24% 22.24%
LONG-TERM ASSETS
Property, Plant & Equipment $7.539B $7.161B $6.887B
YoY Change 5.28% 3.98% 12.28%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $153.0M $166.0M $101.0M
YoY Change -7.83% 64.36% 87.04%
Total Long-Term Assets $8.348B $7.894B $7.467B
YoY Change 5.75% 5.72% 2.12%
TOTAL ASSETS
Total Short-Term Assets $721.0M $500.0M $643.0M
Total Long-Term Assets $8.348B $7.894B $7.467B
Total Assets $9.069B $8.394B $8.110B
YoY Change 8.04% 3.5% 3.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $153.0M $165.0M $168.0M
YoY Change -7.27% -1.79% 27.27%
Accrued Expenses $225.0M $202.0M $164.0M
YoY Change 11.39% 23.17% 10.81%
Deferred Revenue
YoY Change
Short-Term Debt $150.0M $0.00 $0.00
YoY Change
Long-Term Debt Due $160.0M $0.00 $300.0M
YoY Change -100.0%
Total Short-Term Liabilities $815.0M $519.0M $791.0M
YoY Change 57.03% -34.39% 83.1%
LONG-TERM LIABILITIES
Long-Term Debt $2.886B $2.597B $2.178B
YoY Change 11.13% 19.24% -10.22%
Other Long-Term Liabilities $77.00M $76.00M $203.0M
YoY Change 1.32% -62.56% 5.73%
Total Long-Term Liabilities $2.963B $2.673B $2.381B
YoY Change 10.85% 12.26% -9.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $815.0M $519.0M $791.0M
Total Long-Term Liabilities $2.963B $2.673B $2.381B
Total Liabilities $6.456B $5.803B $5.604B
YoY Change 11.25% 3.55% 3.36%
SHAREHOLDERS EQUITY
Retained Earnings $1.393B $1.381B $1.301B
YoY Change 0.87% 6.15% 6.9%
Common Stock $1.231B $1.220B $1.212B
YoY Change 0.9% 0.66% 0.41%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.613B $2.591B $2.506B
YoY Change
Total Liabilities & Shareholders Equity $9.069B $8.394B $8.110B
YoY Change 8.04% 3.5% 3.47%

Cashflow Statement

Concept 2020 Q4 2019 Q4 2018 Q4
OPERATING ACTIVITIES
Net Income $52.00M $61.00M $49.00M
YoY Change -14.75% 24.49% 16.67%
Depreciation, Depletion And Amortization $134.0M $104.0M $101.0M
YoY Change 28.85% 2.97% 14.77%
Cash From Operating Activities $125.0M $44.00M $94.00M
YoY Change 184.09% -53.19% 20.51%
INVESTING ACTIVITIES
Capital Expenditures -$235.0M -$199.0M -$194.0M
YoY Change 18.09% 2.58% 33.79%
Acquisitions
YoY Change
Other Investing Activities -$1.000M $1.000M $1.000M
YoY Change -200.0% 0.0%
Cash From Investing Activities -$236.0M -$198.0M -$193.0M
YoY Change 19.19% 2.59% 33.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 115.0M 173.0M 18.00M
YoY Change -33.53% 861.11% 5.88%
NET CHANGE
Cash From Operating Activities 125.0M 44.00M 94.00M
Cash From Investing Activities -236.0M -198.0M -193.0M
Cash From Financing Activities 115.0M 173.0M 18.00M
Net Change In Cash 4.000M 19.00M -81.00M
YoY Change -78.95% -123.46% 62.0%
FREE CASH FLOW
Cash From Operating Activities $125.0M $44.00M $94.00M
Capital Expenditures -$235.0M -$199.0M -$194.0M
Free Cash Flow $360.0M $243.0M $288.0M
YoY Change 48.15% -15.63% 29.15%

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16000000 USD
CY2020Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
12000000 USD
CY2019Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
15000000 USD
CY2020 us-gaap Public Utilities Allowance For Funds Used During Construction Rate
PublicUtilitiesAllowanceForFundsUsedDuringConstructionRate
0.069
CY2019 us-gaap Public Utilities Allowance For Funds Used During Construction Rate
PublicUtilitiesAllowanceForFundsUsedDuringConstructionRate
0.071
CY2018 us-gaap Public Utilities Allowance For Funds Used During Construction Rate
PublicUtilitiesAllowanceForFundsUsedDuringConstructionRate
0.073
CY2020 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Interest
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedInterest
8000000 USD
CY2019 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Interest
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedInterest
5000000 USD
CY2018 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Interest
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedInterest
6000000 USD
CY2020 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
16000000 USD
CY2019 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
10000000 USD
CY2018 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
11000000 USD
CY2020 por Depreciation Expense Rate
DepreciationExpenseRate
0.035
CY2020 por Estimatedaverageservicelifehydroproductionplant
Estimatedaverageservicelifehydroproductionplant
P97Y
CY2020 por Estimatedaverageservicelifewindproductionplant
Estimatedaverageservicelifewindproductionplant
P31Y
CY2020 us-gaap Public Utilities Property Plant And Equipment Transmission Useful Life
PublicUtilitiesPropertyPlantAndEquipmentTransmissionUsefulLife
P58Y
CY2020 us-gaap Public Utilities Property Plant And Equipment Distribution Useful Life
PublicUtilitiesPropertyPlantAndEquipmentDistributionUsefulLife
P46Y
CY2020 us-gaap Public Utilities Property Plant And Equipment Common Useful Life
PublicUtilitiesPropertyPlantAndEquipmentCommonUsefulLife
P13Y
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
388000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
366000000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
64000000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
64000000 USD
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
59000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
57000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
51000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
42000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
37000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
25000000 USD
CY2020 por Power Cost Deadband Lower Threshold
PowerCostDeadbandLowerThreshold
15000000 USD
CY2020 por Power Cost Deadband Upper Threshold
PowerCostDeadbandUpperThreshold
30000000 USD
CY2020 us-gaap Public Utilities Approved Return On Equity Percentage
PublicUtilitiesApprovedReturnOnEquityPercentage
0.095
CY2020 us-gaap Deferred Purchased Power Costs
DeferredPurchasedPowerCosts
114000000 USD
CY2020Q3 us-gaap Trading Gains Losses
TradingGainsLosses
127000000 USD
CY2020 por Net Variable Power Cost Amount Below The Baseline
NetVariablePowerCostAmountBelowTheBaseline
13000000 USD
CY2020 us-gaap Excise Taxes Collected
ExciseTaxesCollected
46000000 USD
CY2018 us-gaap Excise Taxes Collected
ExciseTaxesCollected
45000000 USD
CY2019Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
86000000 USD
CY2020 us-gaap Regulated Operating Revenue Electric Non Nuclear
RegulatedOperatingRevenueElectricNonNuclear
1910000000 USD
CY2019 us-gaap Regulated Operating Revenue Electric Non Nuclear
RegulatedOperatingRevenueElectricNonNuclear
1857000000 USD
CY2020 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Estimate Of Transaction Price
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInEstimateOfTransactionPrice
-6000000 USD
CY2019 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Estimate Of Transaction Price
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInEstimateOfTransactionPrice
2000000 USD
CY2020 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
28000000 USD
CY2019 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
22000000 USD
CY2020 us-gaap Regulated Operating Revenue
RegulatedOperatingRevenue
1932000000 USD
CY2019 us-gaap Regulated Operating Revenue
RegulatedOperatingRevenue
1881000000 USD
CY2020 us-gaap Unregulated Operating Revenue
UnregulatedOperatingRevenue
162000000 USD
CY2019 us-gaap Unregulated Operating Revenue
UnregulatedOperatingRevenue
170000000 USD
CY2020 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
51000000 USD
CY2019 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
72000000 USD
CY2020 us-gaap Revenues
Revenues
2145000000 USD
CY2019 us-gaap Revenues
Revenues
2123000000 USD
CY2020 us-gaap Gain On Derivative Instruments Pretax
GainOnDerivativeInstrumentsPretax
65000000 USD
CY2019 us-gaap Gain On Derivative Instruments Pretax
GainOnDerivativeInstrumentsPretax
50000000 USD
CY2020Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
97000000 USD
CY2019Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
86000000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
16000000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
5000000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
5000000 USD
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
15000000 USD
CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
6000000 USD
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
15000000 USD
CY2019 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2000000 USD
CY2018 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
14000000 USD
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
4000000 USD
CY2019 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
12000000 USD
CY2018 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
5000000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
16000000 USD
CY2019Q4 us-gaap Public Utilities Property Plant And Equipment Generation Or Processing
PublicUtilitiesPropertyPlantAndEquipmentGenerationOrProcessing
4749000000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
5000000 USD
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
15000000 USD
CY2020Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
57000000 USD
CY2019Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
63000000 USD
CY2020Q4 us-gaap Margin Deposit Assets
MarginDepositAssets
8000000 USD
CY2019Q4 us-gaap Margin Deposit Assets
MarginDepositAssets
16000000 USD
CY2020Q4 por Regulatory Assets From Price Risk Management Activities
RegulatoryAssetsFromPriceRiskManagementActivities
33000000 USD
CY2019Q4 por Regulatory Assets From Price Risk Management Activities
RegulatoryAssetsFromPriceRiskManagementActivities
25000000 USD
CY2020Q4 us-gaap Other Assets Current
OtherAssetsCurrent
98000000 USD
CY2019Q4 us-gaap Other Assets Current
OtherAssetsCurrent
104000000 USD
CY2020Q4 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
23000000 USD
CY2019Q4 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
44000000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
67000000 USD
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
74000000 USD
CY2020Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
38000000 USD
CY2019Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
36000000 USD
CY2020Q4 us-gaap Interest Payable Current
InterestPayableCurrent
29000000 USD
CY2019Q4 us-gaap Interest Payable Current
InterestPayableCurrent
25000000 USD
CY2020Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
36000000 USD
CY2019Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
33000000 USD
CY2020Q4 por Other Current Liabilities Other
OtherCurrentLiabilitiesOther
129000000 USD
CY2019Q4 por Other Current Liabilities Other
OtherCurrentLiabilitiesOther
103000000 USD
CY2020Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
322000000 USD
CY2019Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
315000000 USD
CY2020Q4 us-gaap Public Utilities Property Plant And Equipment Generation Or Processing
PublicUtilitiesPropertyPlantAndEquipmentGenerationOrProcessing
4436000000 USD
CY2020Q4 us-gaap Public Utilities Property Plant And Equipment Transmission
PublicUtilitiesPropertyPlantAndEquipmentTransmission
970000000 USD
CY2019Q4 us-gaap Public Utilities Property Plant And Equipment Transmission
PublicUtilitiesPropertyPlantAndEquipmentTransmission
848000000 USD
CY2020Q4 us-gaap Public Utilities Property Plant And Equipment Distribution
PublicUtilitiesPropertyPlantAndEquipmentDistribution
4136000000 USD
CY2019Q4 us-gaap Public Utilities Property Plant And Equipment Distribution
PublicUtilitiesPropertyPlantAndEquipmentDistribution
3917000000 USD
CY2020Q4 por Public Utilities Property Plant And Equipment General
PublicUtilitiesPropertyPlantAndEquipmentGeneral
679000000 USD
CY2019Q4 por Public Utilities Property Plant And Equipment General
PublicUtilitiesPropertyPlantAndEquipmentGeneral
656000000 USD
CY2020Q4 por Public Utilities Property Plant And Equipment Intangible
PublicUtilitiesPropertyPlantAndEquipmentIntangible
753000000 USD
CY2019Q4 por Public Utilities Property Plant And Equipment Intangible
PublicUtilitiesPropertyPlantAndEquipmentIntangible
758000000 USD
CY2020Q4 us-gaap Public Utilities Property Plant And Equipment Plant In Service
PublicUtilitiesPropertyPlantAndEquipmentPlantInService
10974000000 USD
CY2019Q4 us-gaap Public Utilities Property Plant And Equipment Plant In Service
PublicUtilitiesPropertyPlantAndEquipmentPlantInService
10928000000 USD
CY2020Q4 us-gaap Public Utilities Property Plant And Equipment Accumulated Depreciation
PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation
3864000000 USD
CY2019Q4 us-gaap Public Utilities Property Plant And Equipment Accumulated Depreciation
PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation
4095000000 USD
CY2020Q4 por Public Utilities Property Plant And Equipment Plant In Service Net
PublicUtilitiesPropertyPlantAndEquipmentPlantInServiceNet
7110000000 USD
CY2019Q4 por Public Utilities Property Plant And Equipment Plant In Service Net
PublicUtilitiesPropertyPlantAndEquipmentPlantInServiceNet
6833000000 USD
CY2020Q4 us-gaap Public Utilities Property Plant And Equipment Construction Work In Progress
PublicUtilitiesPropertyPlantAndEquipmentConstructionWorkInProgress
429000000 USD
CY2019Q4 us-gaap Public Utilities Property Plant And Equipment Construction Work In Progress
PublicUtilitiesPropertyPlantAndEquipmentConstructionWorkInProgress
328000000 USD
CY2020Q4 us-gaap Public Utilities Property Plant And Equipment Net
PublicUtilitiesPropertyPlantAndEquipmentNet
7539000000 USD
CY2019Q4 us-gaap Public Utilities Property Plant And Equipment Net
PublicUtilitiesPropertyPlantAndEquipmentNet
7161000000 USD
CY2020 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
0 USD
CY2020Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
255000000 USD
CY2020Q4 us-gaap Us Government Securities At Carrying Value
USGovernmentSecuritiesAtCarryingValue
20000000 USD
CY2020Q4 por Corporate Debt Securities Held In Decommissioning Trust Assets
CorporateDebtSecuritiesHeldInDecommissioningTrustAssets
13000000 USD
CY2020Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
12000000 USD
CY2020Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
12000000 USD
CY2020Q4 por Fair Value Money Market Funds
FairValueMoneyMarketFunds
1000000 USD
CY2020Q4 por Domestic Equity Securities
DomesticEquitySecurities
7000000 USD
CY2020Q4 por Debt Securities Domestic Government
DebtSecuritiesDomesticGovernment
1000000 USD
CY2020Q4 por Commodity Contract Asset Electricity
CommodityContractAssetElectricity
8000000 USD
CY2020Q4 por Commodity Contract Asset Natural Gas
CommodityContractAssetNaturalGas
37000000 USD
CY2020Q4 us-gaap Financial Instruments Owned At Fair Value
FinancialInstrumentsOwnedAtFairValue
12000000 USD
CY2020Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
354000000 USD
CY2020Q4 por Commodity Contract Liabilities Electricity
CommodityContractLiabilitiesElectricity
146000000 USD
CY2020Q4 por Commodity Contract Liabilities Natural Gas
CommodityContractLiabilitiesNaturalGas
5000000 USD
CY2020Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
151000000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
26000000 USD
CY2019Q4 us-gaap Us Government Securities At Carrying Value
USGovernmentSecuritiesAtCarryingValue
24000000 USD
CY2019Q4 por Corporate Debt Securities Held In Decommissioning Trust Assets
CorporateDebtSecuritiesHeldInDecommissioningTrustAssets
9000000 USD
CY2019Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
13000000 USD
CY2019Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
13000000 USD
CY2019Q4 por Fair Value Money Market Funds
FairValueMoneyMarketFunds
1000000 USD
CY2019Q4 por Domestic Equity Securities
DomesticEquitySecurities
7000000 USD
CY2019Q4 por Debt Securities Domestic Government
DebtSecuritiesDomesticGovernment
1000000 USD
CY2019Q4 por Commodity Contract Asset Electricity
CommodityContractAssetElectricity
16000000 USD
CY2019Q4 por Commodity Contract Asset Natural Gas
CommodityContractAssetNaturalGas
22000000 USD
CY2019Q4 us-gaap Financial Instruments Owned At Fair Value
FinancialInstrumentsOwnedAtFairValue
13000000 USD
CY2019Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
119000000 USD
CY2019Q4 por Commodity Contract Liabilities Electricity
CommodityContractLiabilitiesElectricity
119000000 USD
CY2019Q4 por Commodity Contract Liabilities Natural Gas
CommodityContractLiabilitiesNaturalGas
12000000 USD
CY2019Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
131000000 USD
CY2019Q4 por Net Liabilities From Price Risk Management Activities Classified As Level3
NetLiabilitiesFromPriceRiskManagementActivitiesClassifiedAsLevel3
97000000 USD
CY2018Q4 por Net Liabilities From Price Risk Management Activities Classified As Level3
NetLiabilitiesFromPriceRiskManagementActivitiesClassifiedAsLevel3
88000000 USD
CY2020 por Realized And Unrealized Gains And Losses Net Commodity Contract
RealizedAndUnrealizedGainsAndLossesNetCommodityContract
38000000 USD
CY2019 por Realized And Unrealized Gains And Losses Net Commodity Contract
RealizedAndUnrealizedGainsAndLossesNetCommodityContract
10000000 USD
CY2020 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
2000000 USD
CY2019 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
1000000 USD
CY2020Q4 por Net Liabilities From Price Risk Management Activities Classified As Level3
NetLiabilitiesFromPriceRiskManagementActivitiesClassifiedAsLevel3
137000000 USD
CY2019Q4 por Net Liabilities From Price Risk Management Activities Classified As Level3
NetLiabilitiesFromPriceRiskManagementActivitiesClassifiedAsLevel3
97000000 USD
CY2019 por Level3 Realized And Unrealized Losses Offset By Effect Of Regulatory Accounting
Level3RealizedAndUnrealizedLossesOffsetByEffectOfRegulatoryAccounting
16000000 USD
CY2020 por Net Realized Losses
NetRealizedLosses
9000000 USD
CY2020 por Level3 Realized And Unrealized Losses Offset By Effect Of Regulatory Accounting
Level3RealizedAndUnrealizedLossesOffsetByEffectOfRegulatoryAccounting
47000000 USD
CY2019 por Net Realized Losses
NetRealizedLosses
-6000000 USD
CY2020 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
0 USD
CY2020Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
13000000 USD
CY2020Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
3808000000 USD
CY2019Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
11000000 USD
CY2019Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
3039000000 USD
CY2020Q4 por Commodity Contract Asset Current Electricity
CommodityContractAssetCurrentElectricity
4000000 USD
CY2019Q4 por Commodity Contract Asset Current Electricity
CommodityContractAssetCurrentElectricity
9000000 USD
CY2020Q4 por Commodity Contract Asset Current Natural Gas
CommodityContractAssetCurrentNaturalGas
29000000 USD
CY2019Q4 por Commodity Contract Asset Current Natural Gas
CommodityContractAssetCurrentNaturalGas
16000000 USD
CY2020Q4 por Current Derivative Assets
CurrentDerivativeAssets
33000000 USD
CY2019Q4 por Current Derivative Assets
CurrentDerivativeAssets
25000000 USD
CY2020Q4 por Commodity Contract Asset Noncurrent Electricity
CommodityContractAssetNoncurrentElectricity
4000000 USD
CY2019Q4 por Commodity Contract Asset Noncurrent Electricity
CommodityContractAssetNoncurrentElectricity
7000000 USD
CY2020Q4 por Commodity Contract Asset Noncurrent Natural Gas
CommodityContractAssetNoncurrentNaturalGas
8000000 USD
CY2019Q4 por Commodity Contract Asset Noncurrent Natural Gas
CommodityContractAssetNoncurrentNaturalGas
6000000 USD
CY2020Q4 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
12000000 USD
CY2019Q4 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
13000000 USD
CY2020Q4 por Derivative Assets Total
DerivativeAssetsTotal
45000000 USD
CY2019Q4 por Derivative Assets Total
DerivativeAssetsTotal
38000000 USD
CY2020Q4 por Commodity Contract Liability Current Electricity
CommodityContractLiabilityCurrentElectricity
13000000 USD
CY2019Q4 por Commodity Contract Liability Current Electricity
CommodityContractLiabilityCurrentElectricity
14000000 USD
CY2020Q4 por Commodity Contract Liability Current Natural Gas
CommodityContractLiabilityCurrentNaturalGas
2000000 USD
CY2019Q4 por Commodity Contract Liability Current Natural Gas
CommodityContractLiabilityCurrentNaturalGas
9000000 USD
CY2020Q4 por Current Derivative Liabilities
CurrentDerivativeLiabilities
15000000 USD
CY2019Q4 por Current Derivative Liabilities
CurrentDerivativeLiabilities
23000000 USD
CY2020Q4 por Commodity Contract Liability Noncurrent Electricity
CommodityContractLiabilityNoncurrentElectricity
133000000 USD
CY2019Q4 por Commodity Contract Liability Noncurrent Electricity
CommodityContractLiabilityNoncurrentElectricity
105000000 USD
CY2020Q4 por Commodity Contract Liability Noncurrent Natural Gas
CommodityContractLiabilityNoncurrentNaturalGas
3000000 USD
CY2019Q4 por Commodity Contract Liability Noncurrent Natural Gas
CommodityContractLiabilityNoncurrentNaturalGas
3000000 USD
CY2020Q4 por Noncurrent Derivative Liabilities
NoncurrentDerivativeLiabilities
136000000 USD
CY2019Q4 por Noncurrent Derivative Liabilities
NoncurrentDerivativeLiabilities
108000000 USD
CY2020Q4 por Derivative Liabilities Total
DerivativeLiabilitiesTotal
151000000 USD
CY2019Q4 por Derivative Liabilities Total
DerivativeLiabilitiesTotal
131000000 USD
CY2020Q4 por Volume Related To Derivative Instruments Held At Balance Sheet Date Commodity Contracts Electricity
VolumeRelatedToDerivativeInstrumentsHeldAtBalanceSheetDateCommodityContractsElectricity
6000000 MWh
CY2019Q4 por Volume Related To Derivative Instruments Held At Balance Sheet Date Commodity Contracts Electricity
VolumeRelatedToDerivativeInstrumentsHeldAtBalanceSheetDateCommodityContractsElectricity
6000000 MWh
CY2020Q4 por Volume Related To Derivative Instruments At Balance Sheet Date Commodity Contracts Natural Gas
VolumeRelatedToDerivativeInstrumentsAtBalanceSheetDateCommodityContractsNaturalGas
137000000 MMBTU
CY2019Q4 por Volume Related To Derivative Instruments At Balance Sheet Date Commodity Contracts Natural Gas
VolumeRelatedToDerivativeInstrumentsAtBalanceSheetDateCommodityContractsNaturalGas
145000000 MMBTU
CY2020Q4 por Volume Relatedto Derivative Instruments Heldat Balance Sheet Date Foreign Currency
VolumeRelatedtoDerivativeInstrumentsHeldatBalanceSheetDateForeignCurrency
19000000 CAD
CY2019Q4 por Volume Relatedto Derivative Instruments Heldat Balance Sheet Date Foreign Currency
VolumeRelatedtoDerivativeInstrumentsHeldatBalanceSheetDateForeignCurrency
23000000 CAD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
2000000 USD
CY2019Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
0 USD
CY2020 por Realized And Unrealized Gains And Losses Net Commodity Contracts Electricity
RealizedAndUnrealizedGainsAndLossesNetCommodityContractsElectricity
160000000 USD
CY2019 por Realized And Unrealized Gains And Losses Net Commodity Contracts Electricity
RealizedAndUnrealizedGainsAndLossesNetCommodityContractsElectricity
20000000 USD
CY2018 por Realized And Unrealized Gains And Losses Net Commodity Contracts Electricity
RealizedAndUnrealizedGainsAndLossesNetCommodityContractsElectricity
-34000000 USD
CY2020 por Realized And Unrealized Gains And Losses Net Commodity Contracts Natural Gas
RealizedAndUnrealizedGainsAndLossesNetCommodityContractsNaturalGas
-34000000 USD
CY2019 por Realized And Unrealized Gains And Losses Net Commodity Contracts Natural Gas
RealizedAndUnrealizedGainsAndLossesNetCommodityContractsNaturalGas
-32000000 USD
CY2018 por Realized And Unrealized Gains And Losses Net Commodity Contracts Natural Gas
RealizedAndUnrealizedGainsAndLossesNetCommodityContractsNaturalGas
21000000 USD
CY2020 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
3000000 USD
CY2019 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
0 USD
CY2018 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
0 USD
CY2020Q4 us-gaap Commercial Paper
CommercialPaper
0 USD
CY2020Q4 us-gaap Line Of Credit
LineOfCredit
0 USD
CY2020Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
500000000 USD
CY2020 por Realized And Unrealized Gains And Losses Net Commodity Contracts Foreign Currency
RealizedAndUnrealizedGainsAndLossesNetCommodityContractsForeignCurrency
-1000000 USD
CY2019 por Realized And Unrealized Gains And Losses Net Commodity Contracts Foreign Currency
RealizedAndUnrealizedGainsAndLossesNetCommodityContractsForeignCurrency
-1000000 USD
CY2018 por Realized And Unrealized Gains And Losses Net Commodity Contracts Foreign Currency
RealizedAndUnrealizedGainsAndLossesNetCommodityContractsForeignCurrency
1000000 USD
CY2020 por Net Gain Or Loss Recognized In Statement Of Income Offset By Regulatory Accounting
NetGainOrLossRecognizedInStatementOfIncomeOffsetByRegulatoryAccounting
12000000 USD
CY2019 por Net Gain Or Loss Recognized In Statement Of Income Offset By Regulatory Accounting
NetGainOrLossRecognizedInStatementOfIncomeOffsetByRegulatoryAccounting
2000000 USD
CY2018 por Net Gain Or Loss Recognized In Statement Of Income Offset By Regulatory Accounting
NetGainOrLossRecognizedInStatementOfIncomeOffsetByRegulatoryAccounting
18000000 USD
CY2020Q4 us-gaap Deposit Assets
DepositAssets
6000000 USD
CY2020Q4 por Concentration Of Risk Derivative Instruments Assets
ConcentrationOfRiskDerivativeInstrumentsAssets
0.66
CY2019Q4 por Concentration Of Risk Derivative Instruments Assets
ConcentrationOfRiskDerivativeInstrumentsAssets
0.70
CY2020Q4 us-gaap Remaining Amounts Of Regulatory Assets For Which No Return On Investment During Recovery Period Is Provided
RemainingAmountsOfRegulatoryAssetsForWhichNoReturnOnInvestmentDuringRecoveryPeriodIsProvided
506000000 USD
CY2020Q4 us-gaap Regulatory Assets
RegulatoryAssets
593000000 USD
CY2019Q4 us-gaap Regulatory Assets
RegulatoryAssets
500000000 USD
CY2020Q4 us-gaap Regulatory Liabilities
RegulatoryLiabilities
1392000000 USD
CY2019Q4 us-gaap Regulatory Liabilities
RegulatoryLiabilities
1421000000 USD
CY2020Q4 por Trojan Decommissioning Activities
TrojanDecommissioningActivities
139000000 USD
CY2019Q4 por Trojan Decommissioning Activities
TrojanDecommissioningActivities
137000000 USD
CY2020Q4 por Asset Retirement Obligation Utility Plant
AssetRetirementObligationUtilityPlant
118000000 USD
CY2019Q4 por Asset Retirement Obligation Utility Plant
AssetRetirementObligationUtilityPlant
126000000 USD
CY2020Q4 por Asset Retirement Obligation Non Utility Property
AssetRetirementObligationNonUtilityProperty
34000000 USD
CY2019Q4 por Asset Retirement Obligation Non Utility Property
AssetRetirementObligationNonUtilityProperty
16000000 USD
CY2020Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
291000000 USD
CY2019Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
279000000 USD
CY2020Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
21000000 USD
CY2019Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
16000000 USD
CY2020Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
270000000 USD
CY2019Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
263000000 USD
CY2020Q4 us-gaap Decommissioning Liability Noncurrent
DecommissioningLiabilityNoncurrent
6000000 USD
CY2020 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
4000000 USD
CY2020Q4 us-gaap Recorded Third Party Environmental Recoveries Amount
RecordedThirdPartyEnvironmentalRecoveriesAmount
5000000 USD
CY2019Q4 us-gaap Recorded Third Party Environmental Recoveries Amount
RecordedThirdPartyEnvironmentalRecoveriesAmount
4000000 USD
CY2020 us-gaap Asset Retirement Obligations Significant Changes
AssetRetirementObligationsSignificantChanges
13 million
CY2019Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
279000000 USD
CY2018Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
197000000 USD
CY2017Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
167000000 USD
CY2020 us-gaap Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
18000000 USD
CY2019 us-gaap Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
9000000 USD
CY2018 us-gaap Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
5000000 USD
CY2020 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
10000000 USD
CY2019 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
9000000 USD
CY2018 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
8000000 USD
CY2020 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
17000000 USD
CY2019 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
82000000 USD
CY2018 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
27000000 USD
CY2020Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
291000000 USD
CY2019Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
279000000 USD
CY2018Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
197000000 USD
CY2020Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
500000000 USD
CY2020Q4 por Line Of Credit Facility Expansion Request Potential Maximum Borrowing Capacity
LineOfCreditFacilityExpansionRequestPotentialMaximumBorrowingCapacity
600000000 USD
CY2020 por Debt Instrument Covenant Ratio
DebtInstrumentCovenantRatio
0.650
CY2020Q4 us-gaap Ratio Of Indebtedness To Net Capital1
RatioOfIndebtednessToNetCapital1
0.564
CY2020 por Commercial Paper Maximum Term
CommercialPaperMaximumTerm
P270D
CY2020Q4 por Letterofcreditfacility
Letterofcreditfacility
220000000 USD
CY2020Q4 us-gaap Pledged Financial Instruments Not Separately Reported Securities For Letter Of Credit Facilities
PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesForLetterOfCreditFacilities
60000000 USD
CY2020 por Ferc Authorized Short Term Debt Effective Through February62014
FercAuthorizedShortTermDebtEffectiveThroughFebruary62014
900000000 USD
CY2020 us-gaap Shortterm Debt Average Outstanding Amount
ShorttermDebtAverageOutstandingAmount
131000000 USD
CY2019 us-gaap Shortterm Debt Average Outstanding Amount
ShorttermDebtAverageOutstandingAmount
7000000 USD
CY2020Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.015
CY2019Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.026
CY2020 por Short Term Debt Maximum Amount Outstanding During Year
ShortTermDebtMaximumAmountOutstandingDuringYear
225000000 USD
CY2019 por Short Term Debt Maximum Amount Outstanding During Year
ShortTermDebtMaximumAmountOutstandingDuringYear
46000000 USD
CY2018Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
0 USD
CY2020Q4 us-gaap Secured Debt
SecuredDebt
2940000000 USD
CY2019Q4 us-gaap Secured Debt
SecuredDebt
2510000000 USD
CY2020Q4 us-gaap Longterm Pollution Control Bond Current And Noncurrent
LongtermPollutionControlBondCurrentAndNoncurrent
119000000 USD
CY2019Q4 us-gaap Longterm Pollution Control Bond Current And Noncurrent
LongtermPollutionControlBondCurrentAndNoncurrent
119000000 USD
CY2020Q4 por Pollution Control Revenue Bonds Owned By Pge
PollutionControlRevenueBondsOwnedByPge
0 USD
CY2019Q4 por Pollution Control Revenue Bonds Owned By Pge
PollutionControlRevenueBondsOwnedByPge
21000000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
3059000000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
2608000000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
13000000 USD
CY2019Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
11000000 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
160000000 USD
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2886000000 USD
CY2020 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
5000000 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2597000000 USD
CY2020Q2 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
200000000 USD
CY2020Q4 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
230000000 USD
CY2020Q1 us-gaap Longterm Pollution Control Bond Current And Noncurrent
LongtermPollutionControlBondCurrentAndNoncurrent
119000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
160000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
80000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
2819000000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
3059000000 USD
CY2020 us-gaap Pension Contributions
PensionContributions
0 USD
CY2019 us-gaap Pension Contributions
PensionContributions
62000000 USD
CY2020Q4 us-gaap Assets Held In Trust Noncurrent
AssetsHeldInTrustNoncurrent
42000000 USD
CY2019Q4 us-gaap Assets Held In Trust Noncurrent
AssetsHeldInTrustNoncurrent
38000000 USD
CY2020Q4 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
101000000 USD
CY2019Q4 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
103000000 USD
CY2020Q4 por Otherpostretirementdefinedbenefitplanliabilitycurrent
Otherpostretirementdefinedbenefitplanliabilitycurrent
2000000 USD
CY2019Q4 por Otherpostretirementdefinedbenefitplanliabilitycurrent
Otherpostretirementdefinedbenefitplanliabilitycurrent
2000000 USD
CY2019 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
2000000 USD
CY2019 por Defined Benefit Plan Benefit Obligation Changes Between Actual And Expected Return On Plan Assets Gains
DefinedBenefitPlanBenefitObligationChangesBetweenActualAndExpectedReturnOnPlanAssetsGains
1000000 USD
CY2020 por Defined Benefit Plan Benefit Obligation Changes Between Actual And Expected Return On Plan Assets Gains
DefinedBenefitPlanBenefitObligationChangesBetweenActualAndExpectedReturnOnPlanAssetsGains
1000000 USD
CY2020 por Defined Benefit Plan Effect Of Decrease Of Rate Of Return On Plan Assets On Service And Interest Cost Components
DefinedBenefitPlanEffectOfDecreaseOfRateOfReturnOnPlanAssetsOnServiceAndInterestCostComponents
2000000 USD
CY2020 us-gaap Defined Benefit Plan Effect Of One Percentage Point Increase On Service And Interest Cost Components
DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnServiceAndInterestCostComponents
3000000 USD
CY2020Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths
52000000 USD
CY2020Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Two
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo
52000000 USD
CY2020Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Three
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree
54000000 USD
CY2020Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Four
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour
55000000 USD
CY2020Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Five
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive
54000000 USD
CY2020Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Five Fiscal Years Thereafter
DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter
273000000 USD
CY2020 por Company Match Pre2009 Hire
CompanyMatchPre2009Hire
0.06
CY2020 por Company Match Post2008 Hire
CompanyMatchPost2008Hire
0.05
CY2020 por Company Contribution Percentage To401 K For Post2008 Hires
CompanyContributionPercentageTo401KForPost2008Hires
0.05
CY2020 por Company Contribution Percent To401 K For Bargaining Employees
CompanyContributionPercentTo401KForBargainingEmployees
0.01
CY2020 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
26000000 USD
CY2019 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
25000000 USD
CY2018 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
23000000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
6000000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
9000000 USD
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
12000000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
17000000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
12000000 USD
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
22000000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
23000000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
21000000 USD
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
34000000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-22000000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-2000000 USD
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-15000000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-1000000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
8000000 USD
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-2000000 USD
CY2020 por Deferred Income Tax Expense Footnote
DeferredIncomeTaxExpenseFootnote
-23000000 USD
CY2019 por Deferred Income Tax Expense Footnote
DeferredIncomeTaxExpenseFootnote
6000000 USD
CY2018 por Deferred Income Tax Expense Footnote
DeferredIncomeTaxExpenseFootnote
-17000000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
27000000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
17000000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.205
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.134
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.167
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.101
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.065
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.065
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Depreciation
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseDepreciation
-0.049
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Depreciation
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseDepreciation
0.015
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Depreciation
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseDepreciation
0.015
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Amortization
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseAmortization
-0.047
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Amortization
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseAmortization
-0.037
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Amortization
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseAmortization
-0.041
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.010
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.007
CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.008
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.112
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.074
CY2020 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
1000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
136000000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
119000000 USD
CY2020Q4 por Deferred Tax Assets Price Risk Management
DeferredTaxAssetsPriceRiskManagement
29000000 USD
CY2019Q4 por Deferred Tax Assets Price Risk Management
DeferredTaxAssetsPriceRiskManagement
26000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Regulatory Assets And Liabilities
DeferredTaxAssetsRegulatoryAssetsAndLiabilities
23000000 USD
CY2019Q4 us-gaap Deferred Tax Assets Regulatory Assets And Liabilities
DeferredTaxAssetsRegulatoryAssetsAndLiabilities
22000000 USD
CY2020Q4 por Deferred Tax Assets Tax Credits Net Of Valuation Allowance
DeferredTaxAssetsTaxCreditsNetOfValuationAllowance
77000000 USD
CY2019Q4 por Deferred Tax Assets Tax Credits Net Of Valuation Allowance
DeferredTaxAssetsTaxCreditsNetOfValuationAllowance
64000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
265000000 USD
CY2019Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
231000000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
504000000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
496000000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Regulatory Assets
DeferredTaxLiabilitiesRegulatoryAssets
128000000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Regulatory Assets
DeferredTaxLiabilitiesRegulatoryAssets
103000000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
7000000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
10000000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
639000000 USD
CY2019Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
609000000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
374000000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
378000000 USD
CY2020Q4 por Tax Credit Carryforward Federal
TaxCreditCarryforwardFederal
77000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2020Q4 por Employee Stock Purchase Plan Shares Authorized
EmployeeStockPurchasePlanSharesAuthorized
625000 shares
CY2020 por Employee Stock Purchase Plan Base Pay Threshold
EmployeeStockPurchasePlanBasePayThreshold
0.10
CY2020 por Employee Stock Purchase Plan Purchased Stock Value Limitation
EmployeeStockPurchasePlanPurchasedStockValueLimitation
25000 USD
CY2020 por Employee Stock Purchase Plan Share Purchase Limitation
EmployeeStockPurchasePlanSharePurchaseLimitation
1500 shares
CY2020 por Employee Stock Purchase Plan Purchase Price
EmployeeStockPurchasePlanPurchasePrice
0.95
CY2020Q4 por Employee Stock Purchase Plan Number Of Available Shares
EmployeeStockPurchasePlanNumberOfAvailableShares
241281 shares
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
170536 shares
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
45.67
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
41.68
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
167037 shares
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
37.52
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
463390 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
43.52
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
202883 shares
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
56.45
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
17341 shares
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
50.27
CY2020 por Dividend Reinvestment And Direct Stock Purchase Plan Shares
DividendReinvestmentAndDirectStockPurchasePlanShares
2500000 shares
CY2020Q4 por Dividend Reinvestment And Direct Stock Purchase Plan Number Of Available Shares
DividendReinvestmentAndDirectStockPurchasePlanNumberOfAvailableShares
2462263 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
399376 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
37.98
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
198864 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
37.99
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
8556 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
39.73
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
160771 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
36.77
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
428913 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
38.43
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
210555 shares
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
49.06
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
9041 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
478396 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
48.00
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
4687500 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2737180 shares
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Share Based Liabilities Paid
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsShareBasedLiabilitiesPaid
1000000 USD
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Share Based Liabilities Paid
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsShareBasedLiabilitiesPaid
1000000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Share Based Liabilities Paid
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsShareBasedLiabilitiesPaid
1000000 USD
CY2020 por Performancebasedstockawardpercentageminimum
Performancebasedstockawardpercentageminimum
0
CY2020 por Performancebasedstockawardpercentagemaximum
Performancebasedstockawardpercentagemaximum
1.75
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.014
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.025
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.024
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NumberofYears
2.9
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NumberofYears
3.0
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3.0
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.135
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
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0.973
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.148
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.745
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.147
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
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0.218
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StockBasedCompensationAttainmentOfPerformanceGoalsThatAllowsVesting
1.573
CY2019 por Stock Based Compensation Attainment Of Performance Goals That Allows Vesting
StockBasedCompensationAttainmentOfPerformanceGoalsThatAllowsVesting
1.290
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StockBasedCompensationAttainmentOfPerformanceGoalsThatAllowsVesting
0.690
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StockBasedCompensationForfeitureRate
0.05
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
9000000 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
7000000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
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4000000 USD
CY2020 us-gaap Share Based Compensation
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11000000 USD
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
9000000 USD
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
5000000 USD
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2000000 USD
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2000000 USD
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2000000 USD
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13000000 USD
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0 USD
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89353000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
89215000 shares
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WeightedAverageNumberDilutedSharesOutstandingAdjustment
160000 shares
CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
206000 shares
CY2018 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
132000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
89645000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
89559000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
89347000 shares
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8000000 USD
CY2019 us-gaap Operating Lease Cost
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7000000 USD
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5000000 USD
CY2019 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
3000000 USD
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FinanceLeaseInterestExpense
10000000 USD
CY2019 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
6000000 USD
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FinanceLeaseCost
15000000 USD
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FinanceLeaseCost
9000000 USD
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
12000000 USD
CY2019 us-gaap Variable Lease Cost
VariableLeaseCost
19000000 USD
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44000000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
51000000 USD
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OperatingLeaseLiabilityCurrent
8000000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
8000000 USD
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OperatingLeaseLiabilityNoncurrent
36000000 USD
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
43000000 USD
CY2020Q4 us-gaap Operating Lease Liability
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44000000 USD
CY2019Q4 us-gaap Operating Lease Liability
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51000000 USD
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145000000 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
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150000000 USD
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16000000 USD
CY2019Q4 us-gaap Finance Lease Liability Current
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16000000 USD
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129000000 USD
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135000000 USD
CY2020Q4 us-gaap Finance Lease Liability
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145000000 USD
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
151000000 USD
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25000000 USD
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32000000 USD
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P26Y
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P24Y
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P28Y
CY2019Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P29Y
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0.035
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8000000 USD
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8000000 USD
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7000000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Four
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14000000 USD
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1000000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Five
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45000000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due After Year Five
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222000000 USD
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30000000 USD
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0 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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154000000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
295000000 USD
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33000000 USD
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150000000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
44000000 USD
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
145000000 USD
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CY2019 us-gaap Operating Lease Payments
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10000000 USD
CY2019 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
5000000 USD
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6000000 USD
CY2019 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
4000000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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56000000 USD
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849000000 USD
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469000000 USD
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14000000 USD
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44000000 USD
CY2020 us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
CONTINGENCIES<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">PGE is subject to legal, regulatory, and environmental proceedings, investigations, and claims that arise from time to time in the ordinary course of its business. Contingencies are evaluated using the best information available at the time the consolidated financial statements are prepared. Legal costs incurred in connection with loss contingencies are expensed as incurred. The Company may seek regulatory recovery of certain costs that are incurred in connection with such matters, although there can be no assurance that such recovery would be granted.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Loss contingencies are accrued, and disclosed if material, when it is probable that an asset has been impaired, or a liability incurred, as of the financial statement date and the amount of the loss can be reasonably estimated. If a reasonable estimate of probable loss cannot be determined, a range of loss may be established, in which case the minimum amount in the range is accrued, unless some other amount within the range appears to be a better estimate. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">A loss contingency will also be disclosed when it is reasonably possible that an asset has been impaired, or a liability incurred, if the estimate or range of potential loss is material. If a probable or reasonably possible loss cannot be reasonably estimated, then the Company: i) discloses an estimate of such loss or the range of such loss, if the Company is able to determine such an estimate; or ii) discloses that an estimate cannot be made and the reasons.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">If an asset has been impaired or a liability incurred after the financial statement date, but prior to the issuance of the financial statements, the loss contingency is disclosed, if material, and the amount of any estimated loss is recorded in the subsequent reporting period.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">PGE evaluates, on a quarterly basis, developments in such matters that could affect the amount of any accrual, as well as the likelihood of developments that would make a loss contingency both probable and reasonably estimable. The assessment as to whether a loss is probable or reasonably possible, and as to whether such loss or a range of such loss is estimable, often involves a series of complex judgments about future events. Management is often unable to estimate a reasonably possible loss, or a range of loss, particularly in cases in which: i) the damages sought are indeterminate or the basis for the damages claimed is not clear; ii) the proceedings are in the early stages; iii) discovery is not complete; iv) the matters involve novel or unsettled legal theories; v) significant facts are in dispute; vi) a large number of parties are represented (including circumstances in which it is uncertain how liability, if any, would be shared among multiple defendants); or vii) a wide range of potential outcomes exist. In such cases, there is considerable uncertainty regarding the timing or ultimate resolution, including any possible loss, fine, penalty, or business impact.</span></div><div><span><br/></span></div><div style="padding-left:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">EPA Investigation of Portland Harbor</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">An investigation by the United States Environmental Protection Agency (EPA) of a segment of the Willamette River known as Portland Harbor that began in 1997 revealed significant contamination of river sediments. The EPA subsequently included Portland Harbor on the National Priority List pursuant to the federal Comprehensive Environmental Response, Compensation, and Liability Act as a federal Superfund site. PGE was included among the Potentially Responsible Parties (PRPs) as it has historically owned or operated property near the river. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">In 2008, the EPA requested information from various parties, including PGE, concerning additional properties in or near the original segment of the river under investigation, as well as several miles beyond. Subsequently, the EPA has listed additional PRPs, which now number over one hundred.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The Portland Harbor site remedial investigation had been completed pursuant to an agreement between the EPA and several PRPs known as the Lower Willamette Group (LWG), which did not include PGE. The LWG funded the </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">remedial investigation and feasibility study and stated that it had incurred $115 million in investigation-related costs. The Company anticipates that such costs will ultimately be allocated to PRPs as a part of the allocation process for remediation costs of the EPA’s preferred remedy. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The EPA finalized the feasibility study, along with the remedial investigation, and the results provided the framework for the EPA to determine a clean-up remedy for Portland Harbor that was documented in a Record of Decision (ROD) issued in 2017. The ROD outlined the EPA’s selected remediation plan for clean-up of the Portland Harbor site, which has an undiscounted estimated total cost of $1.7 billion, comprised of $1.2 billion related to remediation construction costs and $0.5 billion related to long-term operation and maintenance costs. Remediation construction costs were estimated to be incurred over a 13-year period, with long-term operation and maintenance costs estimated to be incurred over a 30-year period from the start of construction. Stakeholders have raised concerns that EPA’s cost estimates are understated. The EPA acknowledged the estimated costs are based on data that was outdated and that pre-remedial design sampling was necessary to gather updated baseline data to better refine the remedial design and estimated cost. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">A small group of PRPs performed pre-remedial design sampling to update baseline data and submitted the data in an updated evaluation report to the EPA for review. The evaluation report concluded that the conditions of the Portland Harbor Superfund site have improved substantially over the past ten years. In response, the EPA indicated that while it would use the data to inform implementation of the ROD, the EPA’s conclusions remained materially unchanged. With the completion of pre-remedial design sampling, Portland Harbor is now in the remedial design phase, which consists of additional technical information and data collection to be used to design the expected remedial actions. Certain PRPs, not including PGE, have entered into consent agreements to perform remedial design and the EPA has indicated it will take the initial lead to perform remedial design on the remaining areas. The EPA announced on February 12, 2021 that 100% of Portland Harbor is under an active engineering design phase. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">PGE continues to participate in a voluntary process to determine an appropriate allocation of costs amongst the PRPs. Significant uncertainties remain surrounding facts and circumstances that are integral to the determination of such an allocation percentage, remedial design, a final allocation methodology, and data with regard to property specific activities and history of ownership of sites within Portland Harbor that will inform the precise boundaries for clean-up. It is probable that PGE will share in a portion of the costs related to Portland Harbor. However, based on the above facts and remaining uncertainties, PGE does not currently have sufficient information to reasonably estimate the amount, or range, of its potential liability or determine an allocation percentage that represents PGE’s portion of the liability to clean-up Portland Harbor, although such costs could be material to PGE’s financial position.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">In cases in which injuries to natural resources have occurred as a result of releases of hazardous substances, federal and state natural resource trustees may seek to recover for damages at such sites, which are referred to as Natural Resource Damages (NRD). The EPA does not manage NRD assessment activities but does provide claims information and coordination support to the NRD trustees. NRD assessment activities are typically conducted by a Council made up of the trustee entities for the site. The Portland Harbor NRD trustees consist of the National Oceanic and Atmospheric Administration, the U.S. Fish and Wildlife Service, the state of Oregon, the Confederated Tribes of the Grand Ronde Community of Oregon, the Confederated Tribes of Siletz Indians, the Confederated Tribes of the Umatilla Indian Reservation, the Confederated Tribes of the Warm Springs Reservation of Oregon (CTWS), and the Nez Perce Tribe.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The NRD trustees may seek to negotiate legal settlements or take other legal actions against the parties responsible for the damages. Funds from such settlements must be used to restore injured resources and may also compensate the trustees for costs incurred in assessing the damages. The Company believes that PGE’s portion of NRD liabilities related to Portland Harbor will not have a material impact on its results of operations, financial position, or cash flows.</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The impact of such costs to the Company’s results of operations is mitigated by the Portland Harbor Environmental Remediation Account (PHERA) mechanism. As approved by the OPUC in 2017, the PHERA allows the Company to defer and recover incurred environmental expenditures related to the Portland Harbor Superfund Site through a combination of third-party proceeds, such as insurance recoveries, and if necessary, through customer prices. The mechanism established annual prudency reviews of environmental expenditures and third-party proceeds. Annual expenditures in excess of $6 million, excluding expenses related to contingent liabilities, are subject to an annual earnings test and would be ineligible for recovery to the extent PGE’s actual regulated return on equity exceeds its return on equity as authorized by the OPUC in PGE’s most recent general rate case. Under the PHERA mechanism in 2020, PGE incurred and deferred $6 million related to defense costs, net of an immaterial estimated refund as a result of PGE overearning in the regulated earnings test for this deferral. PGE’s results of operations may be impacted to the extent such expenditures are deemed imprudent by the OPUC or ineligible per the prescribed earnings test. The Company plans to seek recovery of any costs resulting from the EPA’s determination of liability for Portland Harbor through application of the PHERA. At this time, PGE is not recovering any Portland Harbor cost from the PHERA through customer prices.</span></div><div><span><br/></span></div><div style="padding-left:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Trojan Investment Recovery Class Actions</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">In 1993, PGE closed Trojan and sought full recovery of, and a rate of return on, its Trojan costs in a general rate case filing with the OPUC. In 1995, the OPUC issued a general rate order that granted the Company recovery of, and a rate of return on, 87% of its remaining investment in Trojan.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Numerous challenges and appeals were subsequently filed in various state courts on the issue of the OPUC’s authority under Oregon law to grant recovery of, and a return on, the Trojan investment. In 2007, following several appeals by various parties, the Oregon Court of Appeals issued an opinion that remanded the matter to the OPUC for reconsideration.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">In 2003, in two separate proceedings, lawsuits were filed against PGE on behalf of two classes of electric service customers: i) Dreyer, Gearhart and Kafoury Bros., LLC v. Portland General Electric Company, Marion County Circuit Court (Circuit Court); and ii) Morgan v. Portland General Electric Company, Marion County Circuit Court. The class action lawsuits sought damages totaling $260 million, plus interest, as a result of the Company’s inclusion, in prices charged to customers, of a return on its investment in Trojan.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">In 2006, the Oregon Supreme Court (OSC) issued a ruling ordering the abatement of the class action proceedings. The OSC concluded that the OPUC had primary jurisdiction to determine what, if any, remedy could be offered to PGE customers, through price reductions or refunds, for any amount of return on the Trojan investment that the Company collected in prices.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">In 2008, the OPUC issued an order (2008 Order) that required PGE to provide refunds, including interest, which were completed in 2010. Following appeals, the 2008 Order was upheld by the Oregon Court of Appeals in 2013 and by the OSC in 2014.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">In 2015, based on a motion filed by PGE, the Marion County Circuit Court lifted the abatement on the class action proceedings and heard oral argument on the Company’s motion for Summary Judgment. In 2016, the Circuit Court entered a general judgment that granted the Company’s motion for Summary Judgment and dismissed all claims by the plaintiffs. The plaintiffs subsequently appealed the Circuit Court dismissal to the Court of Appeals for the state of Oregon.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">In November 2019, the Court of Appeals issued an opinion that affirmed the Circuit Court dismissal. On December 30, 2019, the plaintiffs filed a motion for reconsideration, which the Court of Appeals denied on February 4, 2020.</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">On April 7, 2020, the Plaintiffs filed a petition with the OSC requesting review and reversal of the Court of Appeals opinion. On July 16, 2020, the OSC issued an order that denied the petition for review.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">    </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Deschutes River Alliance Clean Water Act Claims</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">In August 2016, the Deschutes River Alliance (DRA) filed a lawsuit against the Company (Deschutes River Alliance v. Portland General Electric Company, U.S. District Court of the District of Oregon) that sought injunctive and declaratory relief against PGE under the Clean Water Act (CWA) related to alleged past and continuing violations of the CWA. Specifically, DRA claimed PGE had violated certain conditions contained in PGE’s Water Quality Certification for the Pelton/Round Butte Hydroelectric Project (Project) related to dissolved oxygen, temperature, and measures of acidity or alkalinity of the water. DRA alleged the violations are related to PGE’s operation of the Selective Water Withdrawal (SWW) facility at the Project. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The SWW, located above Round Butte Dam on the Deschutes River in central Oregon, is, among other things, designed to blend water from the surface of the reservoir with water near the bottom of the reservoir and was constructed and placed into service in 2010, as part of the FERC license requirements for the purpose of restoration and enhancement of native salmon and steelhead fisheries above the Project. DRA has alleged that PGE’s operation of the SWW has caused the above-referenced violations of the CWA, which in turn have degraded the fish and wildlife habitat of the Deschutes River below the Project and harmed the economic and personal interests of DRA’s members and supporters.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">In March and April 2018, DRA and PGE filed cross-motions for summary judgment and PGE and CTWS, which co-own the Project, filed separate motions to dismiss. CTWS initially appeared as a friend of the court, but subsequently was found to be a necessary party to the lawsuit and joined as a defendant. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">In August 2018, the U.S. District Court of the District of Oregon (District Court) denied DRA’s motions for partial summary judgment and granted PGE’s and CTWS’s cross-motions for summary judgment, ruling in favor of PGE and CTWS. The District Court found that DRA had not shown a genuine dispute of material fact sufficient to support its contention that PGE and CTWS were operating the Project in violation of the CWA, and accordingly dismissed the case.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">In October 2018, DRA filed an appeal, and PGE and CTWS filed cross-appeals, to the Ninth Circuit Court of Appeals. The appeals are fully briefed and the parties await a schedule for oral argument. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The Company cannot predict the outcome of this matter or determine the likelihood of whether the outcome will result in a material loss.</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Shareholder Lawsuits</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">During September and October, 2020, three putative class action complaints were filed in U.S. District Court for the District of Oregon against PGE and certain of its officers, captioned </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:115%">Hessel v. Portland General Electric Co.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">, No. 20-cv-01523 (</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:115%">“Hessel”</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">), </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:115%">Cannataro v. Portland General Electric Co.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">, No. 3:20-cv-01583 (</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:115%">“Cannataro”</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">), and </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:115%">Public Employees’ Retirement System of Mississippi v. Portland General Electric Co.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">, No. 20-cv-01786 (</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:115%">“PERS of Mississippi”</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">). Two of these actions were filed on behalf of purported purchasers of PGE stock between April 24, 2020, and August 24, 2020; a third action was filed on behalf of purported purchasers of PGE stock between February 13, 2020, and August 24, 2020. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">During the fourth quarter of 2020, the plaintiff in </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:115%">Hessel</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%"> voluntarily dismissed his case and the court consolidated </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:115%">Cannataro</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%"> and </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:115%">PERS of Mississippi</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%"> into a single</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:115%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">case captioned </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:115%">In re Portland General Electric Company Securities Litigation </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">and appointed Public Employees’ Retirement System of Mississippi lead plaintiff (“Lead Plaintiff”). On January 11, 2021,</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:115%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">Lead Plaintiff filed an amended complaint asserting causes of action arising under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 for alleged misstatements and omissions regarding, </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">among other things, PGE’s alleged lack of sufficient internal controls and risks associated with PGE's trading activity in wholesale electric markets, purportedly on behalf of purchasers of PGE stock between February 13, 2020, and August 24, 2020. The complaint demands a jury trial and seeks compensatory damages of an unspecified amount and reimbursement of plaintiffs' costs, and attorneys' and expert fees.</span></div><div><span><br/></span></div><div><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">The Company intends to vigorously defend against the lawsuit.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%"> </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">Since the lawsuit is in early stages, the Company is unable to predict outcomes or estimate a range of reasonably possible loss.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%"> </span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:115%">Putative Shareholder Derivative Lawsuit </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">On January 26, 2021, a putative shareholder derivative lawsuit, was filed in Multnomah County Circuit Court, Oregon, captioned </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:115%">Shimberg v. Pope</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">, No. 21- cv-02957, against one current and one former PGE executive and several members of the Company's Board of Directors (collectively, the "Individual Defendants") and naming the Company as a nominal defendant only. The plaintiff asserts a claim for alleged breaches of fiduciary duties purportedly on behalf of PGE, arising from the energy trading losses the Company previously announced in August 2020. The plaintiff alleges that the Individual Defendants made material misstatements and omissions and allowed the Company to operate with inadequate internal controls. The complaint demands a jury trial and seeks damages to be awarded to the Company of not less than $10 million, equitable relief to remedy the alleged breaches of fiduciary duty, and an award of plaintiff’s attorneys’ fees and costs. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Since the lawsuit is in early stages, the Company is unable to predict outcomes or estimate a range of reasonably possible loss.</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Other Matters</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">PGE is subject to other regulatory, environmental, and legal proceedings, investigations, and claims that arise from time to time in the ordinary course of business, which may result in judgments against the Company. Although management currently believes that resolution of such matters, individually and in the aggregate, will not have a material impact on its financial position, results of operations, or cash flows, these matters are subject to inherent uncertainties, and management’s view of these matters may change in the future.</span></div>
CY2020 por Number Of Names Of Other Potentially Responsible Parties
NumberOfNamesOfOtherPotentiallyResponsibleParties
100 name
CY2020 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
115000000 USD
CY2020Q4 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
1700000000 USD
CY2020Q4 us-gaap Loss Contingency Range Of Possible Loss Portion Not Accrued
LossContingencyRangeOfPossibleLossPortionNotAccrued
500000000 USD
CY2020 us-gaap Payments For Environmental Liabilities
PaymentsForEnvironmentalLiabilities
6000000 USD
CY2020 us-gaap Payments For Environmental Liabilities
PaymentsForEnvironmentalLiabilities
6000000 USD
CY2020 us-gaap Loss Contingency Damages Sought
LossContingencyDamagesSought
260 million

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