---
schema_version: "secwatch.filing_event.v1"
accession: "0000784977-23-000119"
form_type: "8-K"
ticker: "POR"
cik: "0000784977"
company_name: "PORTLAND GENERAL ELECTRIC CO /OR/"
filed_at: "2023-08-22T23:59:59+00:00"
generated_at: "2026-06-11T05:52:38.182693+00:00"
event_type: "regulatory"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PGE amends credit facility to $750M, reaches rate case stipulation with OPUC for $294M revenue increase

## Summary
- Credit facility amended to $750M (from $650M), maturity extended to Sept 10, 2028, with $100M accordion feature.
- Reached stipulation with OPUC on 2024 general rate case: adjusted rate base $6.2B, annual revenue requirement increase of $294M (down from $340M filed).
- Settlement resolves capital structure (50/50), rate base reduction, NVPC, O&M, and PTC sales issues; final OPUC order expected Dec 2023.
- Stipulation subject to OPUC approval; management cannot predict outcome of rate case.

## SEC filing metadata
- accession: 0000784977-23-000119
- form_type: 8-K
- ticker: POR
- cik: 0000784977
- company_name: PORTLAND GENERAL ELECTRIC CO /OR/
- filed_at: 2023-08-22T23:59:59+00:00
- event_type: regulatory
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/784977/000078497723000119/0000784977-23-000119-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/784977/000078497723000119/por-20230818.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000784977-23-000119
- JSON: https://secwatch.observer/filing/0000784977-23-000119.json
- Plain text: https://secwatch.observer/filing/0000784977-23-000119.txt

## Key facts
- Debt Financings
  PORTLAND GENERAL ELECTRIC CO /OR/ amended revolving credit of from $650 million to $750 million maturing September 10, 2028.
  - Instrument: revolving credit
  - Principal: from $650 million to $750 million
  - Maturity: September 10, 2028
  - Event: amendment
  source text: On August 18, 2023, Portland General Electric Company (PGE or the Company) entered into an amendment of its existing $650 million revolving credit facility (the Amended Facility) to, among other things: (i) extend the maturity date of the facility to September 10, 2028; and (ii) increase the borrowing capacity under the facility from $650 million to $750 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/784977/000078497723000119/0000784977-23-000119-index.htm
- Material Agreements
  PORTLAND GENERAL ELECTRIC CO /OR/ amended Amended Facility with not stated valued at $750 million (effective 2023-08-18).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: not stated
  - Value: $750 million
  - Effective: 2023-08-18
  source text: On August 18, 2023, Portland General Electric Company (PGE or the Company) entered into an amendment of its existing $650 million revolving credit facility (the Amended Facility) to, among other things: (i) extend the maturity date of the facility to September 10, 2028; and (ii) increase the borrowing capacity under the facility from $650 million to $750 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/784977/000078497723000119/0000784977-23-000119-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.