Portland General Electric shareholders approve all proposals at 2023 annual meeting

Shareholders approved the Amended and Restated Portland General Electric Company Stock Incentive Plan. There were 77,185,258 votes cast for the proposal, 1,925,365 votes cast against the proposal, and 130,537 abstentions, and 4,264,487 broker non-votes.

Shareholders approved the compensation of the Company’s named executive officers. There were 77,706,478 votes cast for the proposal, 1,140,086 votes cast against the proposal, 394,596 abstentions, and 4,264,487 broker non-votes.

Shareholders ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2023. There were 82,865,996 votes cast for the proposal, 564,426 votes cast against the proposal, and 75,225 abstentions.

Each of the director nominees listed below was elected and the voting results were as follows: Nominee For Against Abstain Broker Non-votes Dawn Farrell 78,873,720 285,304 82,136 4,264,487 Mark Ganz 75,952,837 3,213,749 74,574 4,264,487 Marie Oh Huber 77,509,533 1,648,741 82,886 4,264,487 Kathryn Jackson 78,423,614 751,001 66,545 4,264,487 Michael Lewis 78,823,323 327,580 90,257 4,264,487 Michael Millegan 78,505,242 641,146 94,772 4,264,487 Lee Pelton 75,752,096 3,416,348 72,216 4,264,487 Patricia Pineda 78,325,977 830,842 84,341 4,264,487 Maria Pope 78,892,273 285,527 63,360 4,264,487 James Torgerson 77,816,581 1,330,287 94,292 4,264,487

Shareholders approved a frequency of one year for future advisory votes on executive compensation (“Say-On-Pay Frequency”). There were 78,040,483 votes cast for one year, 45,684 votes cast for two years, 889,833 votes cast for three years, and 265,160 abstentions.