Income Taxes Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Taxes [Abstract]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Income tax expense consists of the following (in millions):

	Years Ended December 31,
	2013		2012		2011
Current:
Federal	$	10	$	16	$	2
State and local	—		1		—
	10		17		2
Deferred:
Federal	4		30		43
State and local	7		17		13
	11		47		56
Income tax expense	$	21	$	64	$	58

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The significant differences between the U.S. federal statutory rate and PGE’s effective tax rate for financial reporting purposes are as follows:

	Years Ended December 31,
	2013		2012		2011
Federal statutory tax rate	35.0	%	35.0	%	35.0	%
Federal tax credits	(21.8	)	(11.8	)	(12.7	)
State and local taxes, net of federal tax benefit	3.4		3.5		2.6
Adjustment to deferred taxes for change in blended composite state tax rate	—		2.6		—
Flow through depreciation and cost basis differences	2.8		2.4		2.1
Other	(2.6	)	(0.6	)	1.3
Effective tax rate	16.8	%	31.1	%	28.3	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Deferred income tax assets and liabilities consist of the following (in millions):

	As of December 31,
	2013			2012
Deferred income tax assets:
Employee benefits	$	122		$	162
Price risk management	71			77
Tax credits	51			55
Regulatory liabilities	16			20
Other	17			—
Total deferred income tax assets	277			314
Deferred income tax liabilities:
Depreciation and amortization	646			623
Regulatory assets	175			224
Other	—			4
Total deferred income tax liabilities	821			851
Deferred income tax liability, net	$	(544	)	$	(537	)
Classification of net deferred income taxes:
Current deferred income tax asset (1)	$	42		$	51
Noncurrent deferred income tax liability	(586		)	(588		)
	$	(544	)	$	(537	)

(1) Included in Other current assets in the consolidated balance sheets.