Company: POR
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0000784977-25-000055
Chunk: 70

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 70
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 Committee also has reviewed and discussed with the Company’s management the audited financial statements included in the Company’s 2024 Annual Report on Form 10-K, and management’s reports on the financial statements and internal control over financial reporting. Management has confirmed to the Committee that the financial statements have been prepared with integrity and objectivity and that management has maintained an effective system of internal control over financial reporting. Deloitte has expressed its professional opinions that the financial statements conform with generally accepted accounting principles and that management has maintained an effective system of internal control over financial reporting. In addition, the Company’s Chief Executive Officer and Chief Financial Officer have reviewed with the Audit and Risk Committee the certifications that each will file with the Securities and Exchange Commission pursuant to the requirements of the Sarbanes-Oxley Act of 2002 and the policies and procedures management has adopted to support the certifications.

Based on these considerations, the Audit and Risk Committee recommended to the Board that the Company’s audited financial statements be included in the Company’s 2024 Annual Report on Form 10-K for filing with the Securities and Exchange Commission.

#### 2024 Audit and Risk Committee
#### •

#### Michael Millegan

#### (Chair)
#### •

#### Kathryn Jackson
#### •

#### John O'Leary
#### •

#### James Torgerson
| 2025 Proxy Statement |     | Portland General Electric|87 |

#### Audit and Risk Committee Matters

### SELECTION OF AUDITOR
The Audit and Risk Committee is responsible for the appointment, replacement, compensation and oversight of the work of the independent auditor, including the terms of the engagement. The independent auditor reports directly to the Audit and Risk Committee. At each Audit and Risk Committee meeting, the independent auditor meets separately with the Audit and Risk Committee, without management present.

The Audit and Risk Committee annually considers whether Deloitte should be reappointed for another year. The Audit and Risk Committee considered several factors when determining whether to reappoint Deloitte as the Company's Independent auditor including:

• Deloitte’s professional qualifications and reputation for integrity and competence in the fields of accounting and auditing;

• Qualifications of the lead audit partner and other key audit engagement members;

• Deloitte’s current and historical performance on the Company’s audits, including the extent and quality of its communications with the Audit and Risk Committee and the Company’s management and internal audit department;

• Depth of Deloitte’s knowledge of the Company’s business, internal controls, and accounting practices;

• The nature and extent