---
schema_version: "secwatch.filing_event.v1"
accession: "0000784977-26-000038"
form_type: "8-K"
ticker: "POR"
cik: "0000784977"
company_name: "PORTLAND GENERAL ELECTRIC CO /OR/"
filed_at: "2026-03-24T23:59:59+00:00"
generated_at: "2026-05-15T09:18:08.028978+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# PGE gets OPUC orders allowing $110M recovery but incurs $15M charge; enters $350M+$681M credit facilities

## Summary
- OPUC approved $70M (RCE) and $40M (storm) recovery, down from $124M filed.
- PGE to record $15M pre-tax charge in Q1 2026 from disallowances and sharing adjustments.
- Entered $350M unsecured term loan for capex and general corporate purposes.
- Entered $681M delayed draw loan to fund acquisition of PacifiCorp transmission and generation assets.

## SEC filing metadata
- accession: 0000784977-26-000038
- form_type: 8-K
- ticker: POR
- cik: 0000784977
- company_name: PORTLAND GENERAL ELECTRIC CO /OR/
- filed_at: 2026-03-24T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/784977/000078497726000038/0000784977-26-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/784977/000078497726000038/por-20260318.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000784977-26-000038
- JSON: https://secwatch.observer/filing/0000784977-26-000038.json
- Plain text: https://secwatch.observer/filing/0000784977-26-000038.txt

## Source-grounded claims
- claim_id: 198d3f9a2240b1893a079b0065f81fda4de0f3bc
  claim: PORTLAND GENERAL ELECTRIC CO /OR/ incurred term loan of aggregate principal amount of up to $681 million with J.P.Morgan Chase Bank, N.A. (as administrative agent) at Term SOFR Rate plus applicable margin or Alternate Base Rate plus applicable mar maturing 364 days after the funding thereof.
  evidence_excerpt: On March 23, 2026, the Company entered into an unsecured Credit Agreement (the “Delayed Draw Term Loan Credit Agreement”) among the Company, as borrower, the lenders party thereto and J.P.Morgan Chase Bank, N.A., as administrative agent, which provides for a senior unsecured delayed draw term loan in an aggregate principal amount of up to $681 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/784977/000078497726000038/0000784977-26-000038-index.htm
- claim_id: 510e811931c0a6af9a1522b11b908fe6a35251d8
  claim: PORTLAND GENERAL ELECTRIC CO /OR/ incurred term loan of up to an aggregate of $350 million with U.S. Bank National Association (as administrative agent) at Term SOFR Rate plus 1.10% or Alternate Base Rate plus 0.10% maturing March 23, 2028.
  evidence_excerpt: as administrative agent, and CoBank, ACB and Mizuho Bank Ltd., as co-syndication agents. Under the terms of the Term Loan Agreement, the Company may borrow up to an aggregate of $350 million in up to four separate borrowings, subject to the satisfaction or waiver of certain customary conditions. Borrowings made under the Term Loan Agreement may be made through
  evidence_url: https://www.sec.gov/Archives/edgar/data/784977/000078497726000038/0000784977-26-000038-index.htm
- claim_id: a7f325611d8056d4d7b6aef8a44849d73f705b25
  claim: PORTLAND GENERAL ELECTRIC CO /OR/ entered into Credit Agreement with U.S. Bank National Association, CoBank, ACB, Mizuho Bank Ltd. valued at $350 million (effective 2026-03-23).
  evidence_excerpt: On March 23, 2026, Portland General Electric Company (“PGE” or the “Company”) entered into an unsecured Credit Agreement (the “Term Loan Agreement”) among the Company, as borrower, the lenders party thereto, U.S. Bank National Association, as administrative agent, and CoBank, ACB and Mizuho Bank Ltd., as co-syndication agents.
  evidence_url: https://www.sec.gov/Archives/edgar/data/784977/000078497726000038/0000784977-26-000038-index.htm
- claim_id: d94a1e6d08da45a153f57d80c8c8966d78e11922
  claim: PORTLAND GENERAL ELECTRIC CO /OR/ entered into Delayed Draw Term Loan Credit Agreement with J.P. Morgan Chase Bank, N.A. valued at $681 million (effective 2026-03-23).
  evidence_excerpt: On March 23, 2026, the Company entered into an unsecured Credit Agreement (the “Delayed Draw Term Loan Credit Agreement”) among the Company, as borrower, the lenders party thereto and J.P.Morgan Chase Bank, N.A., as administrative agent
  evidence_url: https://www.sec.gov/Archives/edgar/data/784977/000078497726000038/0000784977-26-000038-index.htm

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