PGE reaches stipulation with OPUC Staff on holding company reorganization

PORTLAND GENERAL ELECTRIC CO /OR/

Stipulation recommends OPUC approval of PGE holding company reorganization; $45M commitment: $40M customer rate credit over 3 years, $5M for clean energy and community projects.
PGE commits to no rate recovery of acquisition premiums, transaction costs; maintain 45%+ common equity in subsidiary; separate credit ratings.
OPUC final decision scheduled Aug 25, 2026; stipulation subject to OPUC modification; FERC already approved structure.
PGE will hold special shareholder meeting in 2026 to approve holding company formation.

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