Company: POR
Filing Date: 2025-07-25
Form Type: 424B5
Source: 0001140361-25-027364
Chunk: 20

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-07-25
Form: 424B5
Chunk 20
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 The price of shares acquired directly from the Company with reinvested dividends will be the closing price of the common stock on the New York Stock Exchange on the dividend payment date. The price per share of shares purchased in the open market (whether for optional cash purchases or dividend reinvestment) will be the weighted average price paid for all shares acquired by the Plan during the applicable investment period (as described in Question 14), including any related brokerage fees, commissions or other service charges.

| 13. | How many shares will be purchased for me? |

The number of shares of common stock to be purchased for you will depend on the amount of cash dividends being reinvested, the amount of your optional cash payments and the purchase price per share for the applicable purchase date. Your account will be credited with that number of whole shares and fractional interests (computed to the third decimal place) equal to the total amount to be invested divided by the purchase price, as determined in the manner set forth in Question 12.

| 14. | When will funds be invested under the Plan? |

The Plan Administrator will invest funds monthly under the Plan as follows: Reinvested Dividends

| Type of               
 Purchase              |     | Investment Period                                                                                                                                       |
| Original issue stock  |     | Shares will be purchased on the dividend payment date for the common stock.                                                                             |
| Open market purchases |     | Shares will be purchased within 30 days after the dividend payment date. The Plan Administrator will determine the exact time of open market purchases. |

Initial Investments and Optional Cash Payments

| Type of               
 Purchase              |     | Investment Period                                                                                                                                                                                                                                                                                                                                                        |
| Original issue stock  |     | For months in which the Company pays dividends, shares will be purchased on the dividend payment date (generally on or around the 15th day of January, April, July and October). For months in which we do not pay dividends, shares will be purchased on the 15th day of the month or, if the 15th day of the month is not a trading day, on the following trading day. |
| Open market purchases |     | For months in which we pay dividends, shares will be purchased during the 30-day period commencing on the dividend payment date. For months in which we do not pay dividends, shares will be purchased during the 30-day period commencing on the 15th day of the month or, if the 15th day of the month is not a trading day, on the following trading day