Company: POR
Filing Date: 2025-07-25
Form Type: 424B5
Source: 0001140361-25-027364
Chunk: 19

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-07-25
Form: 424B5
Chunk 19
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” in an amount of at least $25 or, if you have authorized automatic withdrawals, through such withdrawals from your designated bank account. Your purchases through the Plan may not exceed $20,000 per month, including any purchases made in connection with your enrollment in the Plan, but excluding any dividends reinvested. Optional cash payments should be mailed to: Portland General Electric Company c/o American Stock Transfer and Trust Company LLC Direct Service Investment Payments P.O. Box 922 Wall Street Station New York, New York 10269-0560 Do not send cash, traveler’s checks, money orders or third party checks.

| 11. | What are the sources of common stock for the Plan? |

The Company decides on the source of common stock for the Plan. If the Company elects to use original issue or treasury stock for the Plan, the Plan Administrator will purchase the common stock from the Company. If the Company elects to use open market purchases, the Plan Administrator will purchase common stock on the open market. The Company anticipates that shares of common stock purchased under the Plan will be purchased directly from the Company. However, the Company reserves the right to instead require the Plan Administrator to make such purchases on the open market. This determination will be made by the Company based upon general market conditions, the relationship between purchase price and book value per share, regulatory requirements and other factors. Subject to certain limitations, the Plan Administrator has full discretion regarding open market purchases. This discretion includes, but is not limited to, determining:

| • | the number of shares, if any, to be purchased on any day; |

| • | the time of day to purchase shares; |

| • | the price paid for such shares; |

| • | the markets on which such shares are purchased, including on any securities exchange, on the over-the-counter market or in negotiated transactions; and |

| • | the broker-dealers from or through whom such purchases are made. |

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No interest will be paid on optional cash payments or cash dividends held by the Plan Administrator or its broker-dealer pending investment.

| 12. | How is my purchase price determined? |

The price of common stock purchased through the Plan will depend on whether the shares are acquired in the open market or directly from the Company. The price of shares acquired directly from the Company (whether original issue or treasury shares) with optional cash payments will be the closing price of the common stock on the New York Stock Exchange on the purchase date.