Company: POR
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0000784977-25-000055
Chunk: 4

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 4
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iliency infrastructure, designed for transmission, distribution and grid modernization      
 •We implemented technology tools to manage and respond to grid outages more effectively, and redesigned our outage restoration work processes to be responsive to customer needs 
 •We reduced wildfire risk in High Fire Risk Zones through our Advanced Wildfire Risk Reduction initiatives and our Wildfire Mitigation Plan                                      
 •We completed the modernization of our Beaver Unit 1 facility, reducing unit emissions by 90%                                                                                    |

| 2025 Proxy Statement |     | Portland General Electric|5 |

#### Strategy, Performance and Sustainability

#### 2024 PERFORMANCE
We are focused on leading the clean energy future and our business is centered on three long-term imperatives: Decarbonize, Electrify and Perform. We reflect our customers, Oregon's values and our Guiding Behaviors of customer focus, valuing differences, always learning, accountability, collaboration and instilling trust. Our #1 focus is to deliver safe, reliable, affordable and clean electricity. We are enhancing our electric grid to improve reliability and integrate new, clean technologies.

Our 2024 results reflect growth from new and returning customers, enhanced operational reliability and resilience, strong safety performance and the addition of new clean energy resources and battery storage, resulting in solid earnings results. We invested over $1.26 billion in capital assets targeting customer growth, grid resiliency and decarbonization. Consistent execution during the year enabled us to deliver at the high end of both our near and long-term earnings expectations. We remain confident in our growth trajectory of 5% to 7% long-term EPS growth and we continue to provide returns to shareholders by growing our annual common stock dividend, which has increased from $1.59 to $1.98 per common share from 2020 through 2024, a compound annual growth rate (CAGR) of 5.6%.

| 6|Portland General Electric |     | 2025 Proxy Statement |

#### Strategy, Performance and Sustainability

#### ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Sustainability is an integral part of our strategy to achieve an increasingly clean and reliable energy future, which is aligned with Oregon's ambitious, economy-wide goal to combat climate change. We believe our strategy is aligned with the following stakeholder interests:

• Clean and renewable energy

• Contribution to economic growth and community development

• Increasing grid security, resiliency and reliability in the face of extreme weather, cyber and physical threats

• Effective operations and ability to meet short-term and long-term