---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-26-005831"
form_type: "8-K"
ticker: "POR"
cik: "0000784977"
company_name: "PORTLAND GENERAL ELECTRIC CO /OR/"
filed_at: "2026-02-17T23:59:59+00:00"
generated_at: "2026-05-16T02:38:49.951821+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Portland General Electric launches $480M common stock offering with forward sale agreements, plus $500M ATM facility

## Summary
- Underwritten public offering of $480M shares of common stock (up to $550M with 30-day underwriter option).
- Company enters forward sale agreements with Wells Fargo Bank and Bank of America; expects physical settlement within 24 months; no initial proceeds.
- Net proceeds intended for general corporate purposes and investment in renewable energy and non-emitting dispatchable capacity.
- Simultaneously established a separate $500M at-the-market offering facility with multiple agents for future sales.
- Lead book-runners: Wells Fargo Securities and BofA Securities; active book-runners: Barclays and J.P. Morgan.

## SEC filing metadata
- accession: 0001140361-26-005831
- form_type: 8-K
- ticker: POR
- cik: 0000784977
- company_name: PORTLAND GENERAL ELECTRIC CO /OR/
- filed_at: 2026-02-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/784977/000114036126005831/0001140361-26-005831-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/784977/000114036126005831/ny20065377x3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-005831
- JSON: https://secwatch.observer/filing/0001140361-26-005831.json
- Plain text: https://secwatch.observer/filing/0001140361-26-005831.txt

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