Jointly-owned Plant

12 Months Ended

Dec. 31, 2023

Jointly-owned Plant [Abstract]

Jointly-owned Plant [Text Block]

JOINTLY-OWNED PLANT

As of December 31, 2023, PGE had the following investments in jointly-owned plant (dollars in millions):

	PGE Share		In-service Date			Plant In-service		Accumulated Depreciation *		Construction Work In Progress
Colstrip	20.00	%	1986			$	572	$	456	$	1
Pelton/Round Butte	50.01	%	1958	/	1964	216		72		18
Total						$	788	$	528	$	19

* Excludes AROs and accumulated asset retirement removal costs.

Under the respective joint operating agreements for the generating facilities, each participating owner is responsible for financing its share of capital and operating expenses. PGE’s proportionate share of direct operating and maintenance expenses of the facilities is included in the corresponding operating and maintenance expense categories in the consolidated statements of income.

The Company operated, and continues to have a 90% ownership interest in Boardman, which ceased coal-fired operations during 2020. Decommissioning of the Boardman facility is substantially complete and as of December 31, 2023, PGE’s ARO liability for its 90% share of the decommissioning costs was $6 million.