Company: POR
Filing Date: 2025-07-25
Form Type: 8-K
Source: 0001140361-25-027372
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Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-07-25
Form: 8-K
Item: Item 8.01
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Item 8.01      Other Events.  

On July 25, 2025, Portland General Electric Company (the “ Company”), filed with the U. S. Securities and Exchange Commission (the “ SEC”) an automatic shelf
registration statement on Form S-3ASR (the “ New Registration Statement”) to replace the automatic shelf registration statement on Form S-3ASR (No. 333-266454) filed with the SEC on August 2, 2022 (the “ Prior Registration Statement”). The Prior
Registration Statement was terminated upon the effectiveness of the New Registration Statement on July 25, 2025.

In connection with the filing of the New Registration Statement, on July 25, 2025, the Company filed a prospectus supplement (the “ DRIP Prospectus
Supplement”) covering the offering of 2,452,692 shares of the Company’s common stock, no par value (“ Common Stock”), pursuant to the Company’s Dividend Reinvestment and Direct Stock Purchase Plan (the “ DRIP Prospectus Supplement”). The DRIP
Prospectus Supplement continues an offering of 2,500,000 shares previously covered by the Prior Registration Statement.

Furthermore, in connection with the filing of the New Registration Statement, on July 25, 2025, the Company filed a prospectus supplement (the “ ATM
Prospectus Supplement”) and entered into an amendment (the “ Amendment”) to the equity distribution agreement, dated July 26, 2024 (as amended, the “ Equity Distribution Agreement”), with Barclays Capital Inc., BofA Securities, Inc., J. P. Morgan
Securities LLC, and Wells Fargo Securities, LLC, in their separate capacities as Agents and Forward Sellers (as each such term is defined in the Equity Distribution Agreement) and with Barclays Bank PLC, Bank of America, N. A., JPMorgan Chase Bank,
National Association and Wells Fargo Bank, National Association or one of their respective affiliates, in their capacities as Forward Purchasers (as such term is defined in the Equity Distribution Agreement), pursuant to which the Company may issue
and sell, from time to time, shares of the Company’s Common Stock representing the unsold amount available under the Company’s at-the-market offering program.

The Amendment provides that the shares of Common Stock to be sold pursuant to the Equity Distribution Agreement will be issued pursuant to a prospectus
dated July 25, 2025 and a prospectus supplement filed with the Securities and Exchange Commission on July 25