# EDGAR Filing Document

**Accession Number:** 0000784977
**File Stem:** 0001011438-23-000144
**Filing Date:** 2023-2
**Character Count:** 24056
**Document Hash:** f3d31e6a3025e7cdba252006874fcc87
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001011438-23-000144.hdr.sgml**: 20230209

**ACCESSION NUMBER**: 0001011438-23-000144

**CONFORMED SUBMISSION TYPE**: SC 13G

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230209

**DATE AS OF CHANGE**: 20230209

**GROUP MEMBERS**: STUART J. ZIMMER

**GROUP MEMBERS**: ZIMMER FINANCIAL SERVICES GROUP LLC

**GROUP MEMBERS**: ZIMMER PARTNERS GP, LLC

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PORTLAND GENERAL ELECTRIC CO /OR/
- **CENTRAL INDEX KEY:** 0000784977
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRIC SERVICES [4911]
- **IRS NUMBER:** 930256820
- **STATE OF INCORPORATION:** OR
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-81712
- **FILM NUMBER:** 23606275

**BUSINESS ADDRESS:**
- **STREET 1:** 121 SW SALMON ST
- **STREET 2:** 1WTC0501
- **CITY:** PORTLAND
- **STATE:** OR
- **ZIP:** 97204
- **BUSINESS PHONE:** 5034648000

**MAIL ADDRESS:**
- **STREET 1:** 121 SW SALMON STREET
- **CITY:** PORTLAND
- **STATE:** OR
- **ZIP:** 97204
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Zimmer Partners, LP
- **CENTRAL INDEX KEY:** 0001565854
- **IRS NUMBER:** 900883937
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G

**BUSINESS ADDRESS:**
- **STREET 1:** 9 WEST 57TH STREET
- **STREET 2:** 33RD FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 212.440.0770

**MAIL ADDRESS:**
- **STREET 1:** 9 WEST 57TH STREET
- **STREET 2:** 33RD FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION<br> Washington, DC 20549

#### SCHEDULE 13G
(Rule 13d-102)

(Amendment No.)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO<br> RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED<br> PURSUANT TO RULE 13d-2

UNDER THE SECURITIES EXCHANGE ACT OF 1934

---

| |
|:---|
| **Portland General Electric Company** |
| (Name of Issuer) |
| Common Stock, no par value per share |
| (Title of Class of Securities) |
| 736508847 |
| (CUSIP Number) |
| December 31, 2022 |
| (Date of Event Which Requires Filing of this Statement) |

---

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

[X] Rule 13d-1(b)

[ ] Rule 13d-1(c)

[ ] Rule 13d-1(d)

------

CUSIP No. 736508847<br>

---

| | | | | |
|:---|:---|:---|:---|:---|
| 1 | NAME OF REPORTING PERSONS<br>Zimmer Partners, LP | NAME OF REPORTING PERSONS<br>Zimmer Partners, LP | NAME OF REPORTING PERSONS<br>Zimmer Partners, LP | NAME OF REPORTING PERSONS<br>Zimmer Partners, LP |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP\* | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP\* | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP\* | (a) [ ]<br> (b) [ ] |
| 3 | SEC USE ONLY | SEC USE ONLY | SEC USE ONLY | SEC USE ONLY |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION<br> Delaware | CITIZENSHIP OR PLACE OF ORGANIZATION<br> Delaware | CITIZENSHIP OR PLACE OF ORGANIZATION<br> Delaware | CITIZENSHIP OR PLACE OF ORGANIZATION<br> Delaware |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | 5 | SOLE VOTING POWER<br> 0 | SOLE VOTING POWER<br> 0 |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | 6 | SHARED VOTING POWER<br> 5,650,000 \*\* | SHARED VOTING POWER<br> 5,650,000 \*\* |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | 7 | SOLE DISPOSITIVE POWER<br> 0 | SOLE DISPOSITIVE POWER<br> 0 |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | 8 | SHARED DISPOSITIVE POWER<br> 5,650,000 \*\* | SHARED DISPOSITIVE POWER<br> 5,650,000 \*\* |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br> 5,650,000 \*\* | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br> 5,650,000 \*\* | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br> 5,650,000 \*\* | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br> 5,650,000 \*\* |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES\* | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES\* | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES\* | [ ] <br>|
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9<br> 6.3% \*\* | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9<br> 6.3% \*\* | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9<br> 6.3% \*\* | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9<br> 6.3% \*\* |
| 12 | TYPE OF REPORTING PERSON\*<br> IA, PN | TYPE OF REPORTING PERSON\*<br> IA, PN | TYPE OF REPORTING PERSON\*<br> IA, PN | TYPE OF REPORTING PERSON\*<br> IA, PN |

---

\*SEE INSTRUCTIONS BEFORE FILLING OUT

\*\*SEE ITEM 4.

------

CUSIP No. 736508847<br>

---

| | | | | |
|:---|:---|:---|:---|:---|
| 1 | NAME OF REPORTING PERSONS<br>Zimmer Financial Services Group LLC | NAME OF REPORTING PERSONS<br>Zimmer Financial Services Group LLC | NAME OF REPORTING PERSONS<br>Zimmer Financial Services Group LLC | NAME OF REPORTING PERSONS<br>Zimmer Financial Services Group LLC |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP\* | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP\* | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP\* | (a) [ ]<br> (b) [ ] |
| 3 | SEC USE ONLY | SEC USE ONLY | SEC USE ONLY | SEC USE ONLY |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION<br> Delaware | CITIZENSHIP OR PLACE OF ORGANIZATION<br> Delaware | CITIZENSHIP OR PLACE OF ORGANIZATION<br> Delaware | CITIZENSHIP OR PLACE OF ORGANIZATION<br> Delaware |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | 5 | SOLE VOTING POWER<br> 0 | SOLE VOTING POWER<br> 0 |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | 6 | SHARED VOTING POWER<br> 5,650,000 \*\* | SHARED VOTING POWER<br> 5,650,000 \*\* |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | 7 | SOLE DISPOSITIVE POWER<br> 0 | SOLE DISPOSITIVE POWER<br> 0 |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | 8 | SHARED DISPOSITIVE POWER<br> 5,650,000 \*\* | SHARED DISPOSITIVE POWER<br> 5,650,000 \*\* |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br> 5,650,000 \*\* | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br> 5,650,000 \*\* | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br> 5,650,000 \*\* | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br> 5,650,000 \*\* |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES\* | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES\* | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES\* | [ ] <br>|
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9<br> 6.3% \*\* | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9<br> 6.3% \*\* | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9<br> 6.3% \*\* | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9<br> 6.3% \*\* |
| 12 | TYPE OF REPORTING PERSON\*<br> HC, OO | TYPE OF REPORTING PERSON\*<br> HC, OO | TYPE OF REPORTING PERSON\*<br> HC, OO | TYPE OF REPORTING PERSON\*<br> HC, OO |

---

------

CUSIP No. 736508847<br>

---

| | | | | |
|:---|:---|:---|:---|:---|
| 1 | NAME OF REPORTING PERSONS<br>Zimmer Partners GP, LLC | NAME OF REPORTING PERSONS<br>Zimmer Partners GP, LLC | NAME OF REPORTING PERSONS<br>Zimmer Partners GP, LLC | NAME OF REPORTING PERSONS<br>Zimmer Partners GP, LLC |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP\* | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP\* | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP\* | (a) [ ]<br> (b) [ ] |
| 3 | SEC USE ONLY | SEC USE ONLY | SEC USE ONLY | SEC USE ONLY |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION<br> Delaware | CITIZENSHIP OR PLACE OF ORGANIZATION<br> Delaware | CITIZENSHIP OR PLACE OF ORGANIZATION<br> Delaware | CITIZENSHIP OR PLACE OF ORGANIZATION<br> Delaware |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | 5 | SOLE VOTING POWER<br> 0 | SOLE VOTING POWER<br> 0 |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | 6 | SHARED VOTING POWER<br> 5,650,000 \*\* | SHARED VOTING POWER<br> 5,650,000 \*\* |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | 7 | SOLE DISPOSITIVE POWER<br> 0 | SOLE DISPOSITIVE POWER<br> 0 |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | 8 | SHARED DISPOSITIVE POWER<br> 5,650,000 \*\* | SHARED DISPOSITIVE POWER<br> 5,650,000 \*\* |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br> 5,650,000 \*\* | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br> 5,650,000 \*\* | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br> 5,650,000 \*\* | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br> 5,650,000 \*\* |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES\* | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES\* | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES\* | [ ] <br>|
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9<br> 6.3%\*\* | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9<br> 6.3%\*\* | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9<br> 6.3%\*\* | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9<br> 6.3%\*\* |
| 12 | TYPE OF REPORTING PERSON\*<br> HC, OO | TYPE OF REPORTING PERSON\*<br> HC, OO | TYPE OF REPORTING PERSON\*<br> HC, OO | TYPE OF REPORTING PERSON\*<br> HC, OO |

---

\*SEE INSTRUCTIONS BEFORE FILLING OUT

\*\*SEE ITEM 4.

------

CUSIP No. 736508847<br>

---

| | | | | |
|:---|:---|:---|:---|:---|
| 1 | NAME OF REPORTING PERSONS<br>Stuart J. Zimmer | NAME OF REPORTING PERSONS<br>Stuart J. Zimmer | NAME OF REPORTING PERSONS<br>Stuart J. Zimmer | NAME OF REPORTING PERSONS<br>Stuart J. Zimmer |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP\* | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP\* | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP\* | (a) [ ]<br> (b) [ ] |
| 3 | SEC USE ONLY | SEC USE ONLY | SEC USE ONLY | SEC USE ONLY |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION<br> United States | CITIZENSHIP OR PLACE OF ORGANIZATION<br> United States | CITIZENSHIP OR PLACE OF ORGANIZATION<br> United States | CITIZENSHIP OR PLACE OF ORGANIZATION<br> United States |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | 5 | SOLE VOTING POWER<br> 0 | SOLE VOTING POWER<br> 0 |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | 6 | SHARED VOTING POWER<br> 5,650,000 \*\* | SHARED VOTING POWER<br> 5,650,000 \*\* |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | 7 | SOLE DISPOSITIVE POWER<br> 0 | SOLE DISPOSITIVE POWER<br> 0 |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | 8 | SHARED DISPOSITIVE POWER<br> 5,650,000 \*\* | SHARED DISPOSITIVE POWER<br> 5,650,000 \*\* |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br> 5,650,000 \*\* | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br> 5,650,000 \*\* | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br> 5,650,000 \*\* | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br> 5,650,000 \*\* |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES\* | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES\* | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES\* | [ ] <br>|
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9<br> 6.3%\*\* | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9<br> 6.3%\*\* | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9<br> 6.3%\*\* | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9<br> 6.3%\*\* |
| 12 | TYPE OF REPORTING PERSON\*<br> HC, IN | TYPE OF REPORTING PERSON\*<br> HC, IN | TYPE OF REPORTING PERSON\*<br> HC, IN | TYPE OF REPORTING PERSON\*<br> HC, IN |

---

\*SEE INSTRUCTIONS BEFORE FILLING OUT

\*\*SEE ITEM 4.

------

This Schedule 13G (this "Schedule 13G") is being filed on behalf of Zimmer Partners, LP, a Delaware limited partnership (the "Investment Manager"), Zimmer Financial Services Group LLC, a Delaware limited liability company ("ZFSG"), Zimmer Partners GP, LLC, a Delaware limited liability company (the "GP"), and Stuart J. Zimmer (collectively, the "Reporting Persons"). ZFSG is the sole member of the GP. Stuart J. Zimmer, and a trust for his benefit are the sole members of ZFSG. The GP is the general partner of the Investment Manager. The Investment Manager is the investment manager of ZP Master Utility Fund, Ltd., the ZP Master MidCap Fund, Ltd., and Zimmer Master Infrastructure Fund, LP (collectively, the "Zimmer Accounts"). This Schedule 13G relates to Common Stock of Portland General Electric Company, an Oregon corporation, held by the Zimmer Accounts.

**Item 1(a)**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Name of Issuer.**

Portland General Electric Company (the "Issuer")

**Item 1(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Address of Issuer's Principal Executive Offices.**

121 Southwest Salmon Street

Portland, OR 97204

**Item 2(a)**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Name of Person Filing.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Zimmer Partners, LP

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Zimmer Financial Services Group LLC

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Zimmer Partners GP, LLC

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) Stuart J. Zimmer

**Item 2(b)**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Address of Principal Business Office, or, if none, Residence.**

For all Filers:

9 West 57<sup>th</sup> Street, 33rd Floor

New York, NY 10019

**Item 2(c)**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Citizenship or Place of Organization.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Zimmer Partners, LP is a Delaware limited partnership.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Zimmer Financial Services Group LLC is a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Zimmer Partners GP, LLC is a Delaware limited liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) Stuart J. Zimmer is a U.S. citizen.

**Item 2(d)**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Title of Class of Securities.**

Common Stock, no par value per share ("Common Stock")

**Item 2(e)**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **CUSIP Number.**

736508847

------

**Item 3**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Reporting Person.**

#### If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person filing is a:

<br> (a) <br> [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

<br> (b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

<br> (c)&nbsp;&nbsp;&nbsp;&nbsp; [ ]<br> Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

<br> (d)&nbsp;&nbsp;&nbsp;&nbsp; [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

<br> (e)&nbsp;&nbsp;&nbsp;&nbsp; [X] An investment advisor in accordance with §240.13d-1(b)(1)(ii)(E).

<br> (f)&nbsp;&nbsp;&nbsp;&nbsp; [ ] An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).

<br> (g)&nbsp;&nbsp;&nbsp;&nbsp; [X] A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).

<br> (h)&nbsp;&nbsp;&nbsp;&nbsp; [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).

<br> (i)&nbsp;&nbsp;&nbsp;&nbsp; [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).

<br> (j)&nbsp;&nbsp;&nbsp;&nbsp; [ ] Group, in accordance with §240.13d-1(b)(1)(ii)(J).

**Item 4**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Ownership.**

<br> (a) The Reporting Persons may be deemed the beneficial owners of 5,650,000 shares of Common Stock.

(b) The Reporting Persons may be deemed the beneficial owners of approximately 6.3% of the outstanding shares of Common Stock. This percentage was determined by dividing 5,650,000 by 89,272,904, which is the combined total of number of shares of Common Stock outstanding as of October 20, 2022, as reported in the Issuer's Form 10-Q filed on October 25, 2022.

(c) The Reporting Persons have the shared power to vote and dispose of the 5,650,000 shares of Common Stock beneficially owned.

**Item 5**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Ownership of Five Percent or Less of a Class**

Not applicable.

**Item 6**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Ownership of More Than Five Percent on Behalf of Another Person.**

The Zimmer Accounts have an indirect interest in dividends and/or sale proceeds of the shares of Common Stock held by the Zimmer Accounts.

---

| | |
|:---|:---|
| **Item 7** | **Identification and Classification of the Subsidiary Which Acquired the Security Being Report on by the Parent Holding Company or Control Person** |

---

Not applicable.

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| | |
|:---|:---|
| **Item 8** | **Identification and Classification of Members of the Group** |

---

Not applicable.

---

| | |
|:---|:---|
| **Item 9** | **Notice of Dissolution of Group** |

---

Not applicable

---

| | |
|:---|:---|
| **Item 10** | **Certification.** |

---

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

---

| | |
|:---|:---|
| **Exhibits** | **<u>Exhibit 99-1</u>** |

---

Joint Filing Agreement, dated February 9, 2023, among the Investment Manager, ZFSG, the GP and Stuart J. Zimmer.

------

#### SIGNATURE

#### <br>
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: February 9, 2023

Zimmer Partners, LP

By: Zimmer Partners GP, LLC, its general partner

By:&nbsp;&nbsp;&nbsp;&nbsp; <u>/s/ Barbara Burger</u>

BARBARA BURGER, Authorized Signatory

Zimmer Financial Services Group LLC

By:&nbsp;&nbsp;&nbsp;&nbsp; <u>/s/ Stuart J. Zimmer</u>

STUART J. ZIMMER, Director

Zimmer Partners GP, LLC

By:&nbsp;&nbsp;&nbsp;&nbsp; Zimmer Financial Services Group LLC,<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sole Member<br>

By:&nbsp;&nbsp;&nbsp;&nbsp; <u>/s/ Stuart J. Zimmer</u><br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; STUART J. ZIMMER, Director<br>

<u>/s/ Stuart J. Zimmer</u>

Stuart J. Zimmer

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#### EXHIBIT 99-1

#### JOINT FILING AGREEMENT

#### <br>

**In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a Statement on Schedule 13G (including any and all amendments thereto) with respect to the Common Stock, no par value per share of Portland General Electric Company and further agree that this Joint Filing Agreement shall be included as an Exhibit to such joint filings.

The undersigned further agree that each party hereto is responsible for the timely filing of such Statement on Schedule 13G and any amendments thereto, and for the accuracy and completeness of the information concerning such party contained therein; provided, however, that no party is responsible for the accuracy or completeness of the information concerning any other party, unless such party knows or has reason to believe that such information is inaccurate.

This Joint Filing Agreement may be signed in counterparts with the same effect as if the signature on each counterpart were upon the same instrument.** 

[Signature Page Follows]

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IN WITNESS WHEREOF, the undersigned have executed this Agreement as of February 9, 2023.

Zimmer Partners, LP

By: Zimmer Partners GP, LLC, its general partner

By:&nbsp;&nbsp;&nbsp;&nbsp; <u>/s/ Barbara Burger</u>

BARBARA BURGER, Authorized Signatory

Zimmer Financial Services Group LLC

By:&nbsp;&nbsp;&nbsp;&nbsp; <u>/s/ Stuart J. Zimmer</u>

STUART J. ZIMMER, Director

Zimmer Partners GP, LLC

By:&nbsp;&nbsp;&nbsp;&nbsp; Zimmer Financial Services Group LLC,<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sole Member<br>

By:&nbsp;&nbsp;&nbsp;&nbsp; <u>/s/ Stuart J. Zimmer</u><br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; STUART J. ZIMMER, Director<br>

<u>/s/ Stuart J. Zimmer</u>

Stuart J. Zimmer

<br>