PORTLAND GENERAL ELECTRIC CO /OR/ — fact timeline

PORTLAND GENERAL ELECTRIC CO /OR/ reported three months ended March 31, 2026 results: net income $45 million, EPS $0.38 per diluted share. Guidance reaffirmed.

“$3.53 per diluted share PORTLAND, Oregon -- Portland General Electric Company (NYSE: POR) today reported net income based on generally accepted accounting principles (GAAP) of $45 million, or $0.38 per diluted share, for the first quarter of 2026. After adjusting for the impact of regulatory deferral adjustments related to the January 2024 storm and 2024”

PORTLAND GENERAL ELECTRIC CO /OR/ incurred term loan of aggregate principal amount of up to $681 million with J.P.Morgan Chase Bank, N.A. (as administrative agent) at Term SOFR Rate plus applicable margin or Alternate Base Rate plus applicable mar maturing 364 days after the funding thereof.

“On March 23, 2026, the Company entered into an unsecured Credit Agreement (the “Delayed Draw Term Loan Credit Agreement”) among the Company, as borrower, the lenders party thereto and J.P.Morgan Chase Bank, N.A., as administrative agent, which provides for a senior unsecured delayed draw term loan in an aggregate principal amount of up to $681 million”

PORTLAND GENERAL ELECTRIC CO /OR/ incurred term loan of up to an aggregate of $350 million with U.S. Bank National Association (as administrative agent) at Term SOFR Rate plus 1.10% or Alternate Base Rate plus 0.10% maturing March 23, 2028.

“as administrative agent, and CoBank, ACB and Mizuho Bank Ltd., as co-syndication agents. Under the terms of the Term Loan Agreement, the Company may borrow up to an aggregate of $350 million in up to four separate borrowings, subject to the satisfaction or waiver of certain customary conditions. Borrowings made under the Term Loan Agreement may be made through”

PORTLAND GENERAL ELECTRIC CO /OR/ entered into Delayed Draw Term Loan Credit Agreement with J.P. Morgan Chase Bank, N.A. valued at $681 million (effective 2026-03-23).

“On March 23, 2026, the Company entered into an unsecured Credit Agreement (the “Delayed Draw Term Loan Credit Agreement”) among the Company, as borrower, the lenders party thereto and J.P.Morgan Chase Bank, N.A., as administrative agent”

PORTLAND GENERAL ELECTRIC CO /OR/ entered into Credit Agreement with U.S. Bank National Association, CoBank, ACB, Mizuho Bank Ltd. valued at $350 million (effective 2026-03-23).

“On March 23, 2026, Portland General Electric Company (“PGE” or the “Company”) entered into an unsecured Credit Agreement (the “Term Loan Agreement”) among the Company, as borrower, the lenders party thereto, U.S. Bank National Association, as administrative agent, and CoBank, ACB and Mizuho Bank Ltd., as co-syndication agents.”

PORTLAND GENERAL ELECTRIC CO /OR/ entered into Asset Purchase and Service Area Transfer Agreement with PacifiCorp valued at $1.9 billion in cash plus additional cash consideration for the value of specified assets delivered (effective 2026-02-15).

“On February 15, 2026, Portland General Electric Company, an Oregon corporation (“PGE”), through a newly formed, wholly owned subsidiary (“Buyer”), entered into an Asset Purchase and Service Area Transfer Agreement (the “Agreement) with PacifiCorp, an Oregon corporation (the “Seller”).”

PORTLAND GENERAL ELECTRIC CO /OR/ incurred term loan of $681 million in aggregate principal amount of senior unsecured delayed draw term loans with Barclays Bank PLC and JPMorgan Chase Bank, N.A..

“PGE also entered into a credit facilities engagement letter, dated February 15, 2026, and a related fee letter with the Commitment Parties, pursuant to which, and subject to the terms and conditions set forth therein, the Commitment Parties agreed to use commercially reasonable efforts to arrange $681 million in aggregate principal amount of senior unsecured delayed draw term loans under a 364-day term loan credit facility (the “Term Facility” and, together with the Bridge Facility, the “Debt Facilities”) and have committed to provide $476.7 million of such Term Facility.”

PORTLAND GENERAL ELECTRIC CO /OR/ incurred senior notes of up to $1.9 billion with Barclays Bank PLC and JPMorgan Chase Bank, N.A..

“PGE entered into a debt commitment letter, dated February 15, 2026, and related fee letters with Barclays Bank PLC and JPMorgan Chase Bank, N.A. (together, the “Commitment Parties”), pursuant to which, and subject to the terms and conditions set forth therein, the Commitment Parties have committed to provide to PGE up to $1.9 billion in an aggregate principal amount of senior unsecured bridge loans under a 364-day bridge loan credit facility (the “Bridge Facility”).”

Renée James was elected as director at PORTLAND GENERAL ELECTRIC CO /OR/.

“On June 11, 2025, the Board of Directors (the Board) of Portland General Electric Company (the Company) elected Renée James to serve as a director of the Company, effective June 11, 2025, until the next annual meeting of shareholders.”

PORTLAND GENERAL ELECTRIC CO /OR/ incurred senior notes of $310 million aggregate principal amount with institutional buyers at 5.36% for $60M series due 2035, 5.72% for $50M series due 2045, 5.84% for $200M maturing 2035, 2045, 2055.

“On March 25, 2025, Portland General Electric Company (“PGE” or the “Company”) entered into a Bond Purchase Agreement (the “Agreement”) with certain institutional buyers in the private placement market, related to the sale by the Company of $310 million aggregate principal amount of the Company's First Mortgage Bonds (the “Bonds”). The Bonds consist of: • a series, due in 2035, in the amount of $60 million that will bear interest from its issuance date at an annual rate of 5.36%; • a series, due in 2045, in the amount of $50 million that will bear interest from its issuance date at an annual rate of 5.72%; and • a series, due in 2055, in the amount of $200 million that will bear interest from its issuance date at an annual rate of 5.84%.”

PORTLAND GENERAL ELECTRIC CO /OR/ reported the three months ended March 31, 2024 results: net income $109 million, or $1.08 per diluted share, EPS $1.08 per diluted share (GAAP). Guidance reaffirmed.

“Portland General Electric Company (NYSE: POR) today reported net income based on generally accepted accounting principles (GAAP) of $109 million, or $1.08 per diluted share, for the first quarter of 2024.”

PORTLAND GENERAL ELECTRIC CO /OR/ shareholders approved Approve the Amended and Restated Portland General Electric Company Employee Stock Purchase Plan at the 2024-04-19 meeting.

“Shareholders approved the Amended and Restated Portland General Electric Company Employee Stock Purchase Plan. There were 90,768,312 votes cast for the proposal, 192,658 votes cast against the proposal, and 118,543 abstentions, and 4,488,550 broker non-votes.”

PORTLAND GENERAL ELECTRIC CO /OR/ shareholders approved Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2024 at the 2024-04-19 meeting.

“Shareholders ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2024. There were 93,546,009 votes cast for the proposal, 1,934,264 votes cast against the proposal, and 87,790 abstentions.”

PORTLAND GENERAL ELECTRIC CO /OR/ shareholders approved Advisory, non-binding vote to approve the compensation of the Company’s named executive officers at the 2024-04-19 meeting.

“Shareholders approved the compensation of the Company’s named executive officers. There were 89,402,710 votes cast for the proposal, 1,200,430 votes cast against the proposal, 476,373 abstentions, and 4,488,550 broker non-votes.”

PORTLAND GENERAL ELECTRIC CO /OR/ shareholders approved Election of directors at the 2024-04-19 meeting.

“Each of the director nominees listed below was elected and the voting results were as follows: Nominee For Against Abstain Broker Non-votes Dawn Farrell 90,632,138 364,755 82,620 4,488,550 Marie Oh Huber 90,487,421 504,939 87,153 4,488,550 Kathryn Jackson, PhD 90,254,278 743,815 81,420 4,488,550 Michael Lewis 90,744,732 248,689 86,092 4,488,550 Michael Millegan 90,151,972 839,945 87,596 4,488,550 John O'Leary 90,886,056 110,425 83,032 4,488,550 Patricia Pineda 90,727,993 266,151 85,369 4,488,550 Maria Pope 90,866,813 120,137 92,563 4,488,550 James Torgerson 89,953,872 1,040,521 85,120 4,488,550”

PORTLAND GENERAL ELECTRIC CO /OR/ incurred senior notes of $250 million with institutional buyers at 5.73% maturing 2054.

“On February 22, 2024, Portland General Electric Company (“PGE” or the “Company”) entered into a Bond Purchase Agreement (the “Agreement”) with certain institutional buyers (the “Buyers”) in the private placement market, related to the sale by the Company of $450 million aggregate principal amount of the Company's First Mortgage Bonds (the “Bonds”).”

PORTLAND GENERAL ELECTRIC CO /OR/ incurred senior notes of $100 million with institutional buyers at 5.36% maturing 2034.

“On February 22, 2024, Portland General Electric Company (“PGE” or the “Company”) entered into a Bond Purchase Agreement (the “Agreement”) with certain institutional buyers (the “Buyers”) in the private placement market, related to the sale by the Company of $450 million aggregate principal amount of the Company's First Mortgage Bonds (the “Bonds”).”

PORTLAND GENERAL ELECTRIC CO /OR/ incurred senior notes of $450 million aggregate principal amount with institutional buyers at 5.15% maturing 2029.

“On February 22, 2024, Portland General Electric Company (“PGE” or the “Company”) entered into a Bond Purchase Agreement (the “Agreement”) with certain institutional buyers (the “Buyers”) in the private placement market, related to the sale by the Company of $450 million aggregate principal amount of the Company's First Mortgage Bonds (the “Bonds”). The Bonds consist of: • a series, due in 2029, in the amount of $100 million that will bear interest from its issuance date at an annual rate of 5.15%;”

PORTLAND GENERAL ELECTRIC CO /OR/ entered into Bond Purchase Agreement with certain institutional buyers valued at $450 million aggregate principal amount (effective 2024-02-22).

“On February 22, 2024, Portland General Electric Company (“PGE” or the “Company”) entered into a Bond Purchase Agreement (the “Agreement”) with certain institutional buyers (the “Buyers”) in the private placement market, related to the sale by the Company of $450 million aggregate principal amount of the Company's First Mortgage Bonds”

PORTLAND GENERAL ELECTRIC CO /OR/ updated its year ended December 31, 2023 guidance (initiated).

“On February 16, 2024, Portland General Electric Company (the Company) issued a press release announcing its financial results for the quarter and year ended December 31, 2023.”

PORTLAND GENERAL ELECTRIC CO /OR/ reported the three and nine months ended September 30, 2023 results: net income $47 million, or $0.46 per diluted share.

“On October 27, 2023, Portland General Electric Company (the Company) issued a press release announcing its financial results for the three and nine months ended September 30, 2023.”

John O’Leary was elected as director at PORTLAND GENERAL ELECTRIC CO /OR/.

“On October 20, 2023 the Board of Directors (the "Board") of Portland General Electric Company (the "Company") elected John O’Leary to serve as a director of the Company, effective January 1, 2024, until the next annual meeting of shareholders.”

PORTLAND GENERAL ELECTRIC CO /OR/ incurred senior notes of $500 million with certain institutional buyers at 5.44% for 2030 Bonds; 5.48% for 2033 Bonds; 5.68% for 2038 Bonds; 5.78% for 2053 maturing 2030, 2033, 2038, 2053, 2059.

“On August 29, 2023, Portland General Electric Company ("PGE" or the "Company") entered into a Bond Purchase Agreement (the "Agreement") with certain institutional buyers (the "Buyers") in the private placement market, related to the sale by the Company of $500 million aggregate principal amount of the Company's First Mortgage Bonds (the "Bonds").”

PORTLAND GENERAL ELECTRIC CO /OR/ amended revolving credit of from $650 million to $750 million maturing September 10, 2028.

“On August 18, 2023, Portland General Electric Company (PGE or the Company) entered into an amendment of its existing $650 million revolving credit facility (the Amended Facility) to, among other things: (i) extend the maturity date of the facility to September 10, 2028; and (ii) increase the borrowing capacity under the facility from $650 million to $750 million.”

PORTLAND GENERAL ELECTRIC CO /OR/ amended Amended Facility with not stated valued at $750 million (effective 2023-08-18).

“On August 18, 2023, Portland General Electric Company (PGE or the Company) entered into an amendment of its existing $650 million revolving credit facility (the Amended Facility) to, among other things: (i) extend the maturity date of the facility to September 10, 2028; and (ii) increase the borrowing capacity under the facility from $650 million to $750 million.”

PORTLAND GENERAL ELECTRIC CO /OR/ reported second quarter of 2023 results: net income $39 million, EPS $0.39 per diluted share. Guidance reaffirmed.

“Portland General Electric Company (NYSE: POR) today reported net income based on generally accepted accounting principles (GAAP) of $39 million, or $0.39 per diluted share, for the second quarter of 2023.”

Joseph Trpik was appointed as Senior Vice President and Chief Financial Officer at PORTLAND GENERAL ELECTRIC CO /OR/.

“On June 15, 2023, P ortland General Electric Company (the Company) announced the appointment of Joseph Trpik as Senior Vice President and Chief Financial Officer effective June 30, 2023.”

PORTLAND GENERAL ELECTRIC CO /OR/ reported the three months ended March 31, 2023 results: net income $74 million, EPS $0.80 per diluted share. Guidance reaffirmed.

“Portland General Electric Company (NYSE: POR) today reported net income based on generally accepted accounting principles (GAAP) of $74 million, or $0.80 per diluted share, for the first quarter of 2023.”

James A. Ajello departed as Chief Financial Officer at PORTLAND GENERAL ELECTRIC CO /OR/.

“On April 25, 2023, James A. Ajello, Senior Vice President Finance, Chief Financial Officer, Treasurer and Corporate Compliance Officer, informed the Company that he is retiring from his positions effective June 30, 2023.”

PORTLAND GENERAL ELECTRIC CO /OR/ shareholders approved Advisory, non-binding vote on the frequency of future advisory votes on executive compensation (Say-On-Pay Frequency) at the 2023-04-21 meeting.

“Shareholders approved a frequency of one year for future advisory votes on executive compensation (“Say-On-Pay Frequency”). There were 78,040,483 votes cast for one year, 45,684 votes cast for two years, 889,833 votes cast for three years, and 265,160 abstentions.”

PORTLAND GENERAL ELECTRIC CO /OR/ shareholders approved Amended and Restated Portland General Electric Company Stock Incentive Plan at the 2023-04-21 meeting.

“Shareholders approved the Amended and Restated Portland General Electric Company Stock Incentive Plan. There were 77,185,258 votes cast for the proposal, 1,925,365 votes cast against the proposal, and 130,537 abstentions, and 4,264,487 broker non-votes.”

PORTLAND GENERAL ELECTRIC CO /OR/ shareholders approved Ratification of the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the year ending December 31, 2023 at the 2023-04-21 meeting.

“Shareholders ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2023. There were 82,865,996 votes cast for the proposal, 564,426 votes cast against the proposal, and 75,225 abstentions.”

PORTLAND GENERAL ELECTRIC CO /OR/ shareholders approved Advisory, non-binding vote to approve the compensation of the Company's named executive officers at the 2023-04-21 meeting.

“Shareholders approved the compensation of the Company’s named executive officers. There were 77,706,478 votes cast for the proposal, 1,140,086 votes cast against the proposal, 394,596 abstentions, and 4,264,487 broker non-votes.”

PORTLAND GENERAL ELECTRIC CO /OR/ shareholders approved Election of directors at the 2023-04-21 meeting.

“Each of the director nominees listed below was elected and the voting results were as follows: Nominee For Against Abstain Broker Non-votes Dawn Farrell 78,873,720 285,304 82,136 4,264,487 Mark Ganz 75,952,837 3,213,749 74,574 4,264,487 Marie Oh Huber 77,509,533 1,648,741 82,886 4,264,487 Kathryn Jackson 78,423,614 751,001 66,545 4,264,487 Michael Lewis 78,823,323 327,580 90,257 4,264,487 Michael Millegan 78,505,242 641,146 94,772 4,264,487 Lee Pelton 75,752,096 3,416,348 72,216 4,264,487 Patricia Pineda 78,325,977 830,842 84,341 4,264,487 Maria Pope 78,892,273 285,527 63,360 4,264,487 James Torgerson 77,816,581 1,330,287 94,292 4,264,487”

Benjamin Felton was appointed as Executive Vice President, Chief Operating Officer at PORTLAND GENERAL ELECTRIC CO /OR/.

“On March 16, 2023, P ortland General Electric Company (the Company) announced the appointment of Benjamin Felton as Executive Vice President, Chief Operating Officer effective April 3, 2023.”

PORTLAND GENERAL ELECTRIC CO /OR/ reported full-year 2023 results: EPS $2.60 to $2.75 per diluted share. Guidance initiated.

“PGE is initiating full-year 2023 adjusted earnings guidance of $2.60 to $2.75 per diluted share”

PORTLAND GENERAL ELECTRIC CO /OR/ reported fourth quarter of 2022 results: net income $50 million, or $0.56 per diluted share, EPS $0.56 per diluted share. Guidance initiated.

“GAAP net income was $50 million, or $0.56 per diluted share, for the fourth quarter of 2022.”

PORTLAND GENERAL ELECTRIC CO /OR/ reported year ended December 31, 2022 results: net income $233 million, or $2.60 per diluted share, EPS $2.60 per diluted share. Guidance initiated.

“Full-year 2022 GAAP basis financial results of $2.60 per diluted share; full-year 2022 non-GAAP basis adjusted financial results of $2.74 per diluted share • Initiating 2023 adjusted earnings guidance of $2.60 to $2.75 per diluted share”

PORTLAND GENERAL ELECTRIC CO /OR/ entered into Bond Purchase Agreement with certain institutional buyers valued at $200 million aggregate principal amount (effective 2022-11-30).

“On November 30, 2022, Portland General Electric Company ("PGE" or the "Company") entered into a Bond Purchase Agreement (the "Agreement") with certain institutional buyers (the "Buyers") in the private placement market, related to the sale by the Company of $200 million aggregate principal amount of the Company's First Mortgage Bonds (the "Bonds").”