Company: POR
Filing Date: 2025-07-25
Form Type: 424B5
Source: 0001140361-25-027363
Chunk: 0

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-07-25
Form: 424B5
Chunk 0
---
TABLE OF CONTENTS

Filed Pursuant to Rule 424(b)(5) Registration No. 333-288955 PROSPECTUS SUPPLEMENT (To Prospectus dated July 25, 2025) Portland General Electric Company Up to $244,008,930 Common Stock This prospectus supplement related to an equity distribution agreement entered into on July 26, 2024 (as amended and as may be amended from time to time, the “equity distribution agreement”), with Barclays Capital Inc., BofA Securities, Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC, each, an agent, and, collectively, the agents, the forward sellers and the forward purchasers (as defined below), relating to shares of our common stock, no par value, or common stock, originally registered on Registration Statement No. 333-266454, initially filed on August 2, 2022. In accordance with the terms of the equity distribution agreement, we may from time to time offer and sell shares of our common stock having an aggregate gross sales price of up to $400.0 million through the agents, as our sales agents or, if applicable, as forward sellers, or directly to the agents acting as principals. As of the date of this prospectus, shares of our common stock having an aggregate offering price of $155,991,070 have been offered and sold under the equity distribution agreement, and as a result, shares of our common stock having an aggregate price of up to $244,008,930 remain available for offer and sale pursuant to this prospectus supplement and accompanying prospectus. The shares of our common stock to which this prospectus supplement relates may be offered and sold by any method or payment permitted by law to be an “at the market offering” as defined in Rule 415 under the Securities Act of 1933, as amended, or the Securities Act, including by means of ordinary brokers’ transactions on the New York Stock Exchange, or NYSE, or otherwise at market prices prevailing at the time of sale or at prices related to the prevailing market prices or at negotiated prices, in block transactions, or as otherwise agreed with the applicable sales agent pursuant to an equity distribution agreement that we have entered into with the applicable sales agents. The equity distribution agreement contemplates that, in addition to the issuance and sale by us of shares of our common stock to or through the agents, we may enter into separate forward sale agreements, under separate master confirmations and related supplemental confirmations, with each of