---
schema_version: "secwatch.filing_event.v1"
accession: "0000784977-23-000126"
form_type: "8-K"
ticker: "POR"
cik: "0000784977"
company_name: "PORTLAND GENERAL ELECTRIC CO /OR/"
filed_at: "2023-08-29T23:59:59+00:00"
generated_at: "2026-06-11T02:40:06.262850+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Portland General Electric issues $500M in First Mortgage Bonds across five tranches

## Summary
- Five series issued: $50M at 5.44% due 2030, $150M at 5.48% due 2033, $100M at 5.68% due 2038, $100M at 5.78% due 2053, $100M at 5.83% due 2059.
- Proceeds to refinance existing debt and for general corporate purposes, including eligible green investments (renewable energy, wind, energy storage).
- 2030 and 2033 bonds funded Aug 29, 2023; 2038 closing expected Sept 2023, 2053 and 2059 in Nov 2023.
- Bonds issued under 1941 Indenture with Eighty-First Supplemental Indenture filed as Exhibit 4.1.

## SEC filing metadata
- accession: 0000784977-23-000126
- form_type: 8-K
- ticker: POR
- cik: 0000784977
- company_name: PORTLAND GENERAL ELECTRIC CO /OR/
- filed_at: 2023-08-29T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/784977/000078497723000126/0000784977-23-000126-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/784977/000078497723000126/por-20230829.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000784977-23-000126
- JSON: https://secwatch.observer/filing/0000784977-23-000126.json
- Plain text: https://secwatch.observer/filing/0000784977-23-000126.txt

## Key facts
- Debt Financings
  PORTLAND GENERAL ELECTRIC CO /OR/ incurred senior notes of $500 million with certain institutional buyers at 5.44% for 2030 Bonds; 5.48% for 2033 Bonds; 5.68% for 2038 Bonds; 5.78% for 2053 maturing 2030, 2033, 2038, 2053, 2059.
  - Instrument: senior notes
  - Principal: $500 million
  - Counterparty: certain institutional buyers
  - Rate: 5.44% for 2030 Bonds; 5.48% for 2033 Bonds; 5.68% for 2038 Bonds; 5.78% for 2053
  - Maturity: 2030, 2033, 2038, 2053, 2059
  - Event: incurrence
  source text: On August 29, 2023, Portland General Electric Company ("PGE" or the "Company") entered into a Bond Purchase Agreement (the "Agreement") with certain institutional buyers (the "Buyers") in the private placement market, related to the sale by the Company of $500 million aggregate principal amount of the Company's First Mortgage Bonds (the "Bonds").
  evidence_url: https://www.sec.gov/Archives/edgar/data/784977/000078497723000126/0000784977-23-000126-index.htm

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