Portland General Electric prices 10.8M share forward sale at $50.70 for renewable investment

PORTLAND GENERAL ELECTRIC CO /OR/

Priced public offering of 9,467,455 shares (10,848,125 including full over-allotment) at $50.70/share via forward sale with Wells Fargo and Bank of America.
Company will not initially receive proceeds; expects to settle forward agreements by Feb 2028 and issue shares for cash.
Net proceeds to be used for general corporate purposes and investment in renewable energy and dispatchable capacity from 2023 All-Source RFP.
Forward purchasers borrowed and sold shares to underwriters; closing occurred Feb 19, 2026.

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