Price Risk Management (Tables)

9 Months Ended

Sep. 30, 2018

Derivative [Line Items]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

PGE’s Assets and Liabilities from price risk management activities consist of the following (in millions):

	September 30, 2018		December 31, 2017
Current assets:
Commodity contracts:
Electricity	$	4	$	3
Natural gas	1		3
Total current derivative assets*	5		6
Noncurrent assets:
Commodity contracts:
Electricity	1		—
Natural gas	—		—
Total noncurrent derivative assets	1		—
Total derivative assets not designated as hedging instruments	$	6	$	6
Total derivative assets	$	6	$	6
Current liabilities:
Commodity contracts:
Electricity	$	12	$	13
Natural gas	30		46
Total current derivative liabilities	42		59
Noncurrent liabilities:
Commodity contracts:
Electricity	104		122
Natural gas	20		29
Total noncurrent derivative liabilities	124		151
Total derivative liabilities not designated as hedging instruments	$	166	$	210
Total derivative liabilities	$	166	$	210

* Included in Other current assets on the condensed consolidated balance sheets.

Schedule of Derivative Instruments [Table Text Block]

PGE’s net purchase volumes related to its Assets and Liabilities from price risk management activities resulting from its derivative transactions, which are expected to deliver or settle through 2035, were as follows (in millions):

	September 30, 2018			December 31, 2017
Commodity contracts:
Electricity	6		MWh	7		MWh
Natural gas	115		Decatherms	114		Decatherms
Foreign currency	$	20	Canadian	$	21	Canadian

Derivatives Not Designated as Hedging Instruments [Table Text Block]

Net realized and unrealized losses (gains) on derivative transactions not designated as hedging instruments are classified in Purchased power and fuel in the condensed consolidated statements of income and comprehensive income and were as follows (in millions):

	Three Months Ended September 30,					Nine Months Ended September 30,
	2018			2017		2018			2017
Commodity contracts:
Electricity	$	(3	)	$	1	$	(5	)	$	50
Natural Gas	(3		)	7		11			48
Foreign currency exchange	—			—		1			(1		)

Net unrealized and certain net realized losses (gains) presented in the table above are offset within the condensed consolidated statements of income and comprehensive income by the effects of regulatory accounting.

Schedule of Price Risk Derivatives [Table Text Block]

Assuming no changes in market prices and interest rates, the following table indicates the year in which the net unrealized loss recorded as of September 30, 2018 related to PGE’s derivative activities would become realized as a result of the settlement of the underlying derivative instrument (in millions):

	2018		2019		2020		2021		2022		Thereafter		Total
Commodity contracts:
Electricity	$	1	$	8	$	8	$	7	$	7	$	80	$	111
Natural gas	10		24		10		4		1		—		49
Net unrealized loss	$	11	$	32	$	18	$	11	$	8	$	80	$	160

Schedule of Concentration of Risk, by Counterparty [Table Text Block]

Counterparties representing 10% or more of Assets and Liabilities from price risk management activities were as follows:

	September 30, 2018		December 31, 2017
Assets from price risk management activities:
Counterparty A	58		39
Counterparty B	3		12
	61	%	51	%
Liabilities from price risk management activities:
Counterparty C	67	%	62	%
	67	%	62	%