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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues, net $ 476 $ 484 $ 1,399 $ 1,400
Operating expenses:        
Purchased power and fuel 181 202 490 528
Generation, transmission and distribution 64 60 192 181
Administrative and other 59 54 179 164
Depreciation and amortization 76 76 227 224
Taxes other than income taxes 28 27 86 82
Total operating expenses 408 419 1,174 1,179
Income from operations 68 65 225 221
Interest expense, net 28 23 86 71
Other income:        
Allowance for equity funds used during construction 6 11 15 26
Miscellaneous income (expense), net (2) 1 0 1
Other income, net 4 12 15 27
Income before income tax expense 44 54 154 177
Income tax expense 8 16 33 46
Net income and Comprehensive income 36 38 121 131
Less: net loss attributable to noncontrolling interests 0 (1) 0 (1)
Net income and Comprehensive income attributable to Portland General Electric Company $ 36 $ 39 $ 121 $ 132
Weighted-average shares outstanding (in thousands):        
Basic 88,766 78,203 82,633 78,170
Diluted 88,766 80,225 82,633 79,977
Earnings per share:        
Basic $ 0.40 $ 0.48 $ 1.47 $ 1.67
Diluted 0.40 0.47 1.47 1.63
Dividends declared per common share $ 0.300 $ 0.280 $ 0.880 $ 0.835