Leases Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Lease Cost [Table Text Block]

The components of lease cost were as follows (in millions):

	Three Months Ended September 30, 2019		Nine Months Ended September 30, 2019
Operating lease cost	$	3	$	6
Finance lease cost:
Amortization of right-of-use assets	$	1	$	2
Interest on lease liabilities	3		4
Total finance lease cost	$	4	$	6
Variable lease cost	$	4	$	15

Supplemental Information [Table Text Block]

Supplemental information related to amounts and presentation of leases in the condensed consolidated balance sheets is presented below (in millions):

	Balance Sheet Classification	September 30, 2019
Operating Leases:
Operating lease right-of-use assets	Other noncurrent assets	$	52
Current liabilities	Accrued expenses and other current liabilities	8
Noncurrent liabilities	Other noncurrent liabilities	44
Total operating lease liabilities		$	52
Finance Leases:
Finance lease right-of-use assets	Electric utility plant, net	$	152
Current liabilities	Current portion of finance lease obligations	17
Noncurrent liabilities	Finance lease obligations, net of current portion	136
Total finance lease liabilities		$	153

Lease Term and Discount Rate [Table Text Block]

Lease term and discount rates were as follows:

	September 30, 2019
Weighted Average Remaining Lease Term
Operating leases	24 years
Finance leases	29 years
Weighted Average Discount Rate
Operating leases	3.5	%
Finance leases	7.3	%

Maturities of Lease Liabilities [Table Text Block]

As of September 30, 2019, maturities of lease liabilities were as follows (in millions):

	Operating Leases			Finance Leases
2019	$	2		$	4
2020	8			16
2021	8			16
2022	8			16
2023	8			14
Thereafter	53			249
Total lease payments	87			315
Less imputed interest	(35		)	(162		)
Total	$	52		$	153

Supplemental Cash Flow Information [Table Text Block]

Supplemental cash flow information related to leases was as follows (in millions):

	Nine Months Ended September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	5
Operating cash flows from finance leases	3
Financing cash flows from finance leases	2
Right-of-use assets obtained in leasing arrangements:
Operating leases	$	56
Finance leases	154

Future Minimum Lease Payments [Table Text Block]

As of December 31, 2018, and pursuant to historical lease accounting under Topic 840, PGE’s estimated future minimum lease payments pursuant to capital, build-to-suit, and operating leases for the following five years and thereafter are as follows (in millions):

	Future Minimum Lease Payments
	Capital Leases			Build-to-Suit		Operating Leases
2019	$	6		$	11	$	4
2020	6			14		5
2021	6			13		5
2022	6			13		6
2023	5			13		7
Thereafter	67			225		97
Total minimum lease payments	96			$	289	$	124
Less imputed interest	(47		)
Present value of net minimum lease payments	49
Less current portion	(2		)
Noncurrent portion	$	47