Exhibit 99.2 Portland  General  Electric  Earnings  Conference call Second quarter 2019
 Cautionary statement       Information current as of August 2, 2019      Except as expressly noted, the information in this presentation is current as of August 2, 2019 —  the date on which PGE filed its     Quarterly Report on Form 10-Q for the quarter ended June 30, 2019 — and should not be relied upon as being current as of any     subsequent date. PGE undertakes no duty to update this presentation, except as may be required by law.      Forward-looking statements     Statements in this presentation that relate to future plans, objectives, expectations, performance, events and the like may constitute     “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act     of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include     statements regarding earnings guidance; statements regarding future load, hydro conditions and operating and maintenance costs;     statements concerning implementation of the company’s integrated resource plan; statements concerning future compliance with     regulations limiting emissions from generation facilities and the costs to achieve such compliance; as well as other statements containing     words such as “anticipates,” “believes,” “intends,” “estimates,” “promises,” “expects,” “should,” “conditioned upon,” and similar     expressions. Investors are cautioned that any such forward-looking statements are subject to risks and uncertainties, including     reductions in demand for electricity; the sale of excess energy during periods of low demand or low wholesale market prices; operational     risks relating to the company’s generation facilities, including hydro conditions, wind conditions, disruption of fuel supply, and     unscheduled plant outages, which may result in unanticipated operating, maintenance and repair costs, as well as replacement power     costs; failure to complete capital projects on schedule or within budget, or the abandonment of capital projects, which could result in the     company’s inability to recover project costs; the costs of compliance with environmental laws and regulations, including those that govern     emissions from thermal power plants; changes in weather, hydroelectric and energy markets conditions, which could affect the     availability and cost of purchased power and fuel; changes in capital market conditions, which could affect the availability and cost of     capital and result in delay or cancellation of capital projects; the outcome of various legal and regulatory proceedings; general economic     and financial market conditions; severe weather conditions, wildfires, and other natural phenomena and natural disasters that could     result in operational disruptions, unanticipated restoration costs, or liability for third party property damage; and cyber security breaches     of the company’s customer information system or operating systems, which may affect customer bills or other aspects of our operations.     As a result, actual results may differ materially from those projected in the forward-looking statements. All forward-looking statements     included in this presentation are based on information available to the company on the date hereof and such statements speak only as of     the date hereof. The company expressly disclaims any current intention to update publicly any forward-looking statement after the     distribution of this presentation, whether as a result of new information, future events, changes in assumptions or otherwise. Prospective     investors should also review the risks, assumptions and uncertainties listed in the company’s most recent annual report on form 10-K     and in other documents that we file with the United States Securities and Exchange Commission, including management’s discussion     and analysis of financial condition and results of operations and the risks described therein from time to time.  2
 Leadership     presenting today                  Maria Pope                                      President and CEO     On today's call      • Financial performance       • Economic and legislative update      • 2019 Integrated Resource Plan      • Integrated Operations Center       • Capital planning update       Jim Lobdell      • Financial update              Senior VP                                      of Finance,                                      CFO & Treasurer   3
 Second quarter 2019 earnings results                                                    Q2 2019          Q2 2018              Net income (in $ millions)              $25              $46              Diluted earnings per share (EPS)       $0.28            $0.51              $0.82                                                      $0.72                                $1.25 - $1.40*                           $0.59                                                                                 $0.55                     $0.28                                     $0.51                  Q1     Q2              Q3          Q4  Q1      Q2       Q3       Q4                  2019 Diluted EPS:                           2018 Diluted EPS:                    $2.35 - $2.50                                   $2.37  4    *Estimates based on 2019 guidance range
 Economic and legislative                          updates                             Our economy is strong                               • Retail energy deliveries increased 0.8% on a                                 weather-adjusted basis, driven by industrial energy                                 deliveries                                • Unemployment rate of 3.5% in our service area*                               • Long term expansion in high tech and data centers                              Our 2019 session achievements                               • Reducing transportation GHG emissions, boosting                                 EV adoption to support Oregon's climate goals                               • Providing additional energy efficiency measures for                                 low-income customers                               • Continuing work toward cost-effective energy and                                 climate policies                                *PGE-3 County Average, June 2019, Source: State of Oregon Employment Department 5
 2019 Integrated Resource Plan              July 2019          Q3-Q4 2019          January 2020             IRP filed      Comments filed by Staff/ Staff memorandum and                              Stakeholders/PGE    final order expected     The plan reflects our focus on meeting customer needs and addressing    stakeholder feedback     Action Plan    • Customer resource actions - increased energy efficiency, demand      response, storage and dispatchable standby generation     • Renewable resource actions - a renewable RFP of 150 MWa, estimated      online 2023     • Capacity resource actions - a multi-stage procurement process for      approximately 595 MW of cost-competitive capacity    6
 Integrated Operations Center        A new 24/7 center for key     operations:       • Advances our integrated grid         strategy       • Significantly improves         seismic resilience, cyber and         physical security       • Improves monitoring, control         and optimization of         distributed assets and our         distribution system   7
 Second quarter 2019 earnings bridge               $0.51           $2.10            $(0.07)                                       $(0.05)                                                                                 $0.01        $0.28                                                     $(0.07)                                                                  $(0.05)                 Q2       Revenues,      Weather        Operating     Production     Other        Q2              2018       purchased       and          expense       tax credits                2019                         power and    decoupling                           fuel*   8    *Revenues include retail revenues, wholesale revenues and other operating revenues
 Capital planning        800                      $725       700                 $620                          $585       600                                                              $505          $500       500       400       300       200       100         0                2019           2020           2021           2022           2023                  Ongoing capital expenditures       Wheatridge Renewable Energy Facility                  Integrated Operations Center      Investments include:       •  Updating, replacing aging generation, transmission and distribution equipment       •  Investments to construct the Integrated Operations Center        •  Strengthening the power grid for earthquakes, cyberattacks and other potential threats       •  Adding 100 MW of wind generation at Wheatridge Renewable Energy Facility   9   *Capital expenditures for 2019 through 2023 exclude allowance for funds used under construction
 Liquidity and financing       Total Liquidity     2019          Ratings             S&P        Moody's         (as of 6/30/19) (in $ millions)     Credit Facilities $     483        Senior Secured        A          A1     Letters of Credit       160        Senior Unsecured    BBB+         A3     Cash                     11        Commercial Paper     A-2       Prime-2     Available        $      654        Outlook            Positive     Stable        Financings      Q1 2019     Q2 2019      Q3 2019     Q4 2019                                   Issued                                 $200 million    First Mortgage                            Issuing up to $230 million    Bonds                          Repaid                                  $300 million   10