secwatch.observer — SEC 8-K summary
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Issuer:     PORTLAND GENERAL ELECTRIC CO /OR/ (POR)
CIK:        0000784977
Form:       8-K
Filed at:   2026-02-17T23:59:59+00:00
Accession:  0001140361-26-005831
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/784977/000114036126005831/0001140361-26-005831-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/784977/000114036126005831/ny20065377x3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-005831

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