Portland General Electric enters forward sale agreements for up to 11.6M shares at $43/share

PORTLAND GENERAL ELECTRIC CO /OR/

Entered forward sale agreements with Barclays and JPMorgan to sell up to 11,615,000 common shares at $43.00 per share.
Underwriters exercised option to purchase all additional shares, bringing total offered to 11,615,000 shares.
Offering closed on October 28, 2022; company expects to deliver shares upon physical settlement by October 25, 2024.
Forward sale price equals public offering price less underwriting discount, subject to adjustments.

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