Company: POR
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0000784977-25-000055
Chunk: 56

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 56
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 assumptions are the same ones used for financial reporting purposes.

The 2005 MDCP provide a benefit to compensate participants for Pension Plan benefits that are lower due to salary deferrals under the 2005 MDCP. These deferrals reduce a participant’s Final Average Earnings, on which Pension Plan benefits are based. The present value of the reduction in Pension Plan benefits due to salary deferrals is calculated as a lump sum upon termination of employment and added to the participant’s deferred compensation plan account balance. The aggregate present value of this benefit is reflected in the Pension Benefits table above.

| 72|Portland General Electric |     | 2025 Proxy Statement |

#### Executive Compensation Tables

### NON-QUALIFIED DEFERRED COMPENSATION
Our 2005 Management Deferred Compensation Plan (2005 MDCP) allows executives and a select group of management and highly compensated employees to elect on a year-by-year basis to defer the receipt of up to 80% of their base salary and 100% of their cash incentive compensation for payment in installments or in a lump sum future date in connection with a separation of employment. Additionally, a participant can elect to defer PTO. In 2024, the maximum number of hours of PTO that a participant may defer annually is the lesser of (i) 160 or (ii) total projected PTO hours for the year less 152. The following table shows the named executive officers’ contributions and earnings in 2024 and balances as of December 31, 2024 under the 2005 MDCP. The accompanying narrative describes key provisions of the plan.

| Name              |     | Plan      |     | Executive Contributions in 2024 
 ($)(1)                          |         |   | Company Contributions in 2024 
 ($)(2)                        |       |   | Aggregate Earnings in 2024 
 ($)                        |         |     | Aggregate Balance at 12/31/2024 
 ($)(3)                          |           |   |
| Maria Pope        |     | 2005 MDCP |     |                                 | 135,088 |   |                               | 1,605 |   |                            | 119,744 |     |                                 | 2,127,938 |   |
| Joseph Trpik      |     | 2005 MDCP |     |                                 |       — |   |                               |     — |   |                            |       — |     |                                 |         — |   |
|