---
schema_version: "secwatch.filing_event.v1"
accession: "0000784977-25-000062"
form_type: "8-K"
ticker: "POR"
cik: "0000784977"
company_name: "PORTLAND GENERAL ELECTRIC CO /OR/"
filed_at: "2025-03-27T23:59:59+00:00"
generated_at: "2026-05-24T04:28:36.380291+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Portland General Electric issues $310M in First Mortgage Bonds across three tranches

## Summary
- $60M at 5.36% due 2035, $50M at 5.72% due 2045, $200M at 5.84% due 2055.
- Proceeds to refinance existing debt, general corporate purposes, and capital expenditures.
- Bonds issued and fully funded on March 25, 2025 under existing indenture.
- Bonds are redeemable at PGE's option per Eighty-Third Supplemental Indenture.

## SEC filing metadata
- accession: 0000784977-25-000062
- form_type: 8-K
- ticker: POR
- cik: 0000784977
- company_name: PORTLAND GENERAL ELECTRIC CO /OR/
- filed_at: 2025-03-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/784977/000078497725000062/0000784977-25-000062-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/784977/000078497725000062/por-20250325.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000784977-25-000062
- JSON: https://secwatch.observer/filing/0000784977-25-000062.json
- Plain text: https://secwatch.observer/filing/0000784977-25-000062.txt

## Key facts
- Debt Financings
  PORTLAND GENERAL ELECTRIC CO /OR/ incurred senior notes of $310 million aggregate principal amount with institutional buyers at 5.36% for $60M series due 2035, 5.72% for $50M series due 2045, 5.84% for $200M maturing 2035, 2045, 2055.
  - Instrument: senior notes
  - Principal: $310 million aggregate principal amount
  - Counterparty: institutional buyers
  - Rate: 5.36% for $60M series due 2035, 5.72% for $50M series due 2045, 5.84% for $200M
  - Maturity: 2035, 2045, 2055
  - Event: incurrence
  source text: On March 25, 2025, Portland General Electric Company (“PGE” or the “Company”) entered into a Bond Purchase Agreement (the “Agreement”) with certain institutional buyers in the private placement market, related to the sale by the Company of $310 million aggregate principal amount of the Company's First Mortgage Bonds (the “Bonds”). The Bonds consist of: • a series, due in 2035, in the amount of $60 million that will bear interest from its issuance date at an annual rate of 5.36%; • a series, due in 2045, in the amount of $50 million that will bear interest from its issuance date at an annual rate of 5.72%; and • a series, due in 2055, in the amount of $200 million that will bear interest from its issuance date at an annual rate of 5.84%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/784977/000078497725000062/0000784977-25-000062-index.htm

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