Portland General Electric Company (POR)

Portland General Electric Announces First Quarter 2026 ResultsMay 1, 2026 5:00 AM
PR Newswire (US)

First quarter financial results reflect unusual mild winter weather and lower residential and commercial seasonal usageIndustrial customer demand grew 10% quarter-over-quarter, driven by continued growth from data center and high tech customersReaffirming 2026 adjusted earnings guidance of $3.33 to $3.53 per diluted sharePORTLAND, Ore., May 1, 2026 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) today reported net income based on generally accepted accounting principles (GAAP) of $45 million, or $0.38 per diluted share, for the first quarter of 2026. After adjusting for the impact of regulatory deferral adjustments related to the January 2024 storm and 2024 reliability contingency event and business transformation, optimization and acquisition expenses, 2026 non-GAAP net income was $68 million, or $0.58 per diluted share. This compares with GAAP net income of $100 million, or $0.91 per diluted share, for the first quarter 2025."We are focused on disciplined execution as we move through the year," said Maria Pope, PGE President and CEO. "Strong operational performance and cost control are allowing us to navigate the impact of an unusually mild winter."First Quarter 2026 Earnings Compared to First Quarter 2025 EarningsOn a GAAP basis, total revenues increased due to higher cost recovery. Total energy demand was flat to 2025, with variances between customer classes largely offsetting. Purchased power and fuel expense increased due to less favorable wholesale and environmental credit market conditions and due to the regulatory adjustment related to the January 2024 reliability contingency event deferral. Operations and maintenance expense increased due to the regulatory adjustment related to the January 2024 storm recovery deferral and business transformation and acquisition expenses. Depreciation and interest expense increased due to ongoing capital investment. Income tax increased due to the timing of production tax credit recognition.Additional Company UpdatesWashington Acquisition UpdateOn March 30, PGE and PacifiCorp submitted a joint application with the Washington Utility and Transportation (WUTC) Commission seeking approval of PGE's proposed acquisition of PacifiCorp's Washington utility operations.On April 2, PGE submitted an application with the Public Utility Commission of Oregon (OPUC) for the proposed Washington acquisition.The transaction is expected to consummate approximately twelve months after submission of regulatory filings, subject to customary closing conditions and regulatory approvals. PGE anticipates the transaction closing in 2027.Quarterly DividendAs previously announced, on April 24, 2026, the board of directors of Portland General Electric Company approved a quarterly common stock dividend of 55.125 cents per share. The quarterly dividend is payable on or before July 15, 2026 to shareholders of record at the close of business on June 25, 2026.2026 Earnings GuidancePGE is reaffirming its estimate for full-year 2026 adjusted earnings guidance of $3.33 to $3.53 per diluted share based on the following assumptions:An increase in energy deliveries between 1.5% and 2.5%, weather adjusted;Execution of power cost and financing plans;Execution of operating cost management plan;Normal temperatures in its utility service area for the remainder of the year;Hydro conditions for the year that reflect current estimates;Wind generation based on five years of historical levels or forecast studies when historical data is not available;Normal thermal plant operations;Operating and maintenance expense between $810 million and $830 million which includes approximately $150 million of wildfire, vegetation management, deferral amortization and other expenses that are offset in other income statement lines and $26 million of business transformation, optimization and acquisition expenses and $4 million of regulatory deferral adjustments related to the January 2024 storm and 2024 reliability contingency event;Depreciation and amortization expense between $570 million and $590 million;Effective tax rate of 15% to 20%;Cash from operations of $1,000 to $1,200 million;Capital expenditures of $1,655 million; anAverage construction work in progress balance of $830 million.First Quarter 2026 Earnings Call and Webcast — May 1, 2026PGE will host a conference call with financial analysts and investors on Friday, May 1, 2026, at 11 a.m. ET. The conference call will be webcast live on the PGE website at investors.portlandgeneral.com. A webcast replay will also be available on PGE's investor website "Events & Presentations" page beginning at 2 p.m. ET on May 1, 2026.Maria Pope, President and CEO; Joe Trpik, Senior Vice President of Finance and CFO; and Erin Schwartz, Senior Manager of Investor Relations, will participate in the call. Management will respond to questions following formal comments.2025 Purpose and Progress ReportOn March 17, PGE released its 2025 Purpose and Progress Report, which provides insight into how PGE is managing its carbon footprint, supporting its workforce and local communities, and maintaining ethical leadership and accountability. The report also highlights the Company's clean energy performance in 2025, with non-emitting resources making up 46% of PGE's energy mix.Non-GAAP Financial Measures
This press release contains certain non-GAAP measures, such as adjusted earnings, adjusted EPS and adjusted earnings guidance. These non-GAAP financial measures exclude significant items that are generally not related to our ongoing business activities, are infrequent in nature, or both. PGE believes that excluding the effects of these items provides an alternative measure of the Company's comparative earnings per share and enables investors to evaluate the Company's operating financial performance trends, exclusive of items that are not normally associated with ongoing operations. Management utilizes non-GAAP measures to assess the Company's current and forecasted performance, and for communications with shareholders, analysts and investors. Non-GAAP financial measures are supplementary information that should be considered in addition to, but not as a substitute for, the information prepared in accordance with GAAP.Items in the periods presented, which PGE believes impact the comparability of comparative earnings and do not represent ongoing operating financial performance, include the following:Non-cash charge related to final orders on the January 2024 storm and damage and 2024 Reliability Contingency Event regulatory deferralsBusiness transformation and optimization expenses, including strategic advisory, workforce realignment, corporate structure update costs and Washington acquisition related expenses including legal, financing and strategic advisory costs.Due to the forward-looking nature of PGE's non-GAAP adjusted earnings guidance, and the inherently unpredictable nature of items and events which could lead to the recognition of non-GAAP adjustments (such as, but not limited to, regulatory disallowances or extreme weather events), management is unable to estimate the occurrence or value of specific items requiring adjustment for future periods, which could potentially impact the Company's GAAP earnings. Therefore, management cannot provide a reconciliation of non-GAAP adjusted earnings per share guidance to the most comparable GAAP financial measure without unreasonable effort. For the same reasons, management is unable to address the probable significance of unavailable information.PGE's reconciliation of non-GAAP earnings for the quarters ended March 31, 2026 is below.Non-GAAP Earnings Reconciliation for the quarter ended March 31, 2026(Dollars in millions, except EPS)Net Income Diluted EPSGAAP as reported for the quarter ended March 31, 2026$         45$         0.38Exclusion of regulatory deferral adjustment charge related to 2024150.13Exclusion of business transformation, optimization and acquisition expenses170.15Tax effect (1)(9)(0.08)Non-GAAP as reported for the quarter ended March 31, 2026$         68$         0.58
(1) Tax effects were determined based on the Company's full-year blended federal and state statutory rate.About Portland General Electric Company Portland General Electric (NYSE: POR) is an integrated energy company that generates, transmits and distributes electricity to nearly 960,000 customers serving an area of approximately 2 million Oregonians. Since 1889, Portland General Electric (PGE) has been powering economies, delivering safe, affordable and reliable electricity while working to transform energy systems to meet evolving customer needs. PGE continues to make progress towards emissions reduction targets, and customers have set the standard for prioritizing clean energy with the No. 1 voluntary renewable energy program in the country. PGE is ranked a top ten utility in the 2025 Forrester U.S. Customer Experience Index. In 2025, PGE employees and retirees volunteered over 18,300 hours to more than 400 nonprofits organizations. Through the PGE Foundation, along with corporate contributions and the employee matching gift program, more than $5 million was directed to charitable organizations supporting economic growth and community resilience across our service area. For information: portlandgeneral.com/news.Safe Harbor Statement Statements in this press release 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. These forward-looking statements represent our estimates and assumptions as of the date of this report, and PGE assumes no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. Investors should not rely unduly on any forward-looking statements.Forward-looking statements include statements, other than statements of historical or current fact, regarding PGE's earnings guidance (including all the assumptions and expectations  upon which such guidance is based), PGE's proposed purchase of electric utility operations and certain assets in Washington state from PacifiCorp (Acquisition), the  and PGE's operating and financing plans, as well as other statements containing words such as "anticipates," "assumptions," "believes," "continue," "could," "estimates," "expected," "forecast," "guidance," "may," "plans," "proposed," "seeks," "should," "will," "working to," or similar expressions.Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, which could cause future events and actual results to differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. Such risks, uncertainties and other factors include, without limitation: wildfire and public safety risks, including ignitions caused by PGE assets, the effectiveness of wildfire mitigation, vegetation management, and system hardening, the ability to implement public safety power shutoffs (PSPS), related liability exposure, and the timing and extent of regulatory cost recovery; severe weather, climate, and catastrophe risks, including extreme or unseasonable weather and other natural or human caused disasters that could endanger public safety, disrupt operations, damage assets, limit access to power or fuel supplies, increase costs, or adversely affect cost recovery; electric system operational risks, including forced outages, fires, equipment failures, adverse hydro or wind conditions, fuel supply disruptions, and complications at jointly owned facilities, resulting in increased costs or the need to procure replacement power; power and fuel supply and price risks, including availability, counterparty nonperformance, and volatility in wholesale electricity, natural gas, coal, and other fuel markets; regulatory, legislative, and policy risks, including new or revised laws, regulations, executive actions, audits, investigations, and proceedings that could affect rates, cost recovery, operations, capital plans, or financial results; Acquisition risks, including risks related to regulatory approvals, financing and joint-venture arrangements, integration and operational execution, cost recovery, and the possibility that the anticipated benefits of the Acquisition are delayed, not realized, or cost more than expected; environmental compliance and permitting risks, including evolving environmental laws and permitting requirements and site specific remediation obligations, such as Superfund liabilities, where uncertainties regarding remediation scope, cost allocation, litigation, and regulatory cost recovery could result in material costs or adversely affect PGE's financial position, results of operations, or cash flows; capital investment and execution risks, including supply chain disruptions, cost inflation, labor constraints, permitting delays, contractual disputes, counterparty failures, or project abandonment, which could impair timely completion or cost recovery; load growth and demand uncertainty, including accelerated or uneven growth from large customers such as data centers, changes in customer usage patterns requiring substantial capital investment, variability in demand driven by weather variations, and reduced consumption or load shifting resulting from energy efficiency measures or other changes in customer behavior; customer choice and market structure risks, including reduced demand or usage shifts due to distributed generation or increased procurement from alternative providers, such as registered Electricity Service Suppliers (ESSs) or community choice aggregation programs; cybersecurity and physical security risks, including cyberattacks, data breaches, physical attacks, or other malicious acts that could damage assets, disrupt systems, or result in the disclosure of sensitive information; geopolitical and macroeconomic risks, including acts of war, terrorism, or civil unrest—such as the war involving the United States and Iran—that could disrupt energy markets or supply chains, increase costs, or contribute to volatility in capital markets, inflation, or interest rates; economic and financial market risks, including availability and cost of capital, interest rate and equity market volatility, inflation, and trade tariffs affecting operating or capital costs; legal and litigation risks, including the timing and outcome of judicial, administrative, or regulatory proceedings, which may result in material liabilities or costs; workforce and labor risks, including the ability to attract and retain skilled employees, transitions in senior management, and potential labor disputes or work stoppages; resource procurement and All-Source Request for Proposals (RFP) project risks, including uncertainties related to the availability, cost, permitting, financing, and performance of resources selected through RFP processes and associated regulatory and counterparty risks; insurance availability and cost, particularly for wildfire or catastrophe related coverage; accounting, tax, and policy changes, including changes in accounting standards, tax laws, or regulatory accounting policies that could affect reported results or cash flows; and the other risks and uncertainties set forth in PGE's Annual Report on Form 10-K for the year ended December 31, 2025, as filed with the SEC.Source: Portland General CompanyPORTLAND GENERAL ELECTRIC COMPANY AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF INCOME(Dollars in millions, except per share amounts)(Unaudited)


Three Months Ended March 31,


2026

2025
Revenues:





Revenues, net
$863

$932
Alternative revenue programs, net of amortization

16


(4)
Total revenues

879


928
Operating expenses:





Purchased power and fuel

361


368
Generation, transmission and distribution

110


110
Administrative and other

106


96
Depreciation and amortization

144


140
Taxes other than income taxes

51


46
Total operating expenses

772


760
Income from operations

107


168
Interest expense, net

60


56
Other income:





Allowance for equity funds used during construction

3


5
Miscellaneous income, net

4


5
Other income, net

7


10
Income before income tax expense

54


122
Income tax expense

9


22
Net income and Comprehensive income
$45

$100







Weighted-average common shares outstanding (in thousands):





Basic

115,641


109,423
Diluted

116,140


109,683







Earnings per share:





Basic
$0.39

$0.91
Diluted
$0.38

$0.91
 PORTLAND GENERAL ELECTRIC COMPANY AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(In millions)(Unaudited)


March 31,
2026

December 31,
2025
ASSETS





Current assets:





Cash and cash equivalents
$8

$76
Accounts receivable, net

405


460
Inventories

130


124
Regulatory assets—current

243


168
Other current assets

224


244
Total current assets

1,010


1,072
Electric utility plant, net

11,103


10,993
Regulatory assets—noncurrent

552


619
Nuclear decommissioning trust

40


42
Non-qualified benefit plan trust

35


36
Other noncurrent assets

464


468
Total assets
$13,204

$13,230
 PORTLAND GENERAL ELECTRIC COMPANY AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS, continued(In millions, except share amounts)(Unaudited)


March 31,
2026

December 31,
2025
LIABILITIES AND SHAREHOLDERS' EQUITY





Current liabilities:





Accounts payable
$277

$330
Liabilities from price risk management activities—current

167


158
Short-term debt

9


—
Current portion of finance lease obligation

27


27
Accrued expenses and other current liabilities

449


478
Total current liabilities

929


993
Long-term debt, net of current portion

4,658


4,662
Regulatory liabilities—noncurrent

1,503


1,490
Deferred income taxes

623


601
Deferred investment tax credits

193


194
Unfunded status of pension and postretirement plans

93


107
Liabilities from price risk management activities—noncurrent

73


56
Asset retirement obligations

301


299
Non-qualified benefit plan liabilities

68


70
Finance lease obligations, net of current portion

259


263
Other noncurrent liabilities

384


362
Total liabilities

9,084


9,097
Commitments and contingencies (see notes)





Shareholders' Equity:





Preferred stock, no par value, 30,000,000 shares authorized; none issued and
outstanding as of March 31, 2026 and December 31, 2025

—


—
Common stock, no par value, 160,000,000 shares authorized; 115,729,030
and 115,559,079 shares issued and outstanding as of March 31, 2026 and
December 31, 2025, respectively

2,386


2,382
Accumulated other comprehensive loss

(4)


(4)
Retained earnings

1,738


1,755
Total shareholders' equity

4,120


4,133
Total liabilities and shareholders' equity
$13,204

$13,230
 PORTLAND GENERAL ELECTRIC COMPANY AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(In millions)(Unaudited)


Three Months Ended March 31,


2026

2025
Cash flows from operating activities:





Net income
$45

$100
Adjustments to reconcile net income to net cash provided by operating
activities:





Depreciation and amortization

144


140
Deferred income taxes

14


20
Allowance for equity funds used during construction

(3)


(5)
Alternative revenue programs

(16)


4
Regulatory assets

12


(5)
Regulatory liabilities

31


(8)
Tax credit sales

3


3
Other non-cash income and expenses, net

43


32
Changes in working capital:





Accounts receivable, net

52


(25)
Inventories

(6)


3
Margin deposits

45


55
Accounts payable and accrued liabilities

(48)


(37)
Margin deposits from wholesale counterparties

3


5
Other working capital items, net

(3)


(28)
Other, net

(48)


(23)
Net cash provided by operating activities

268


231
Cash flows from investing activities:





Capital expenditures
$(259)

$(359)
Sales of Nuclear decommissioning trust securities

3


—
Purchases of Nuclear decommissioning trust securities

(3)


(2)
Other, net

(3)


(15)
Net cash used in investing activities

(262)


(376)
 PORTLAND GENERAL ELECTRIC COMPANY AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS, continued(In millions)(Unaudited)


Three Months Ended March 31,


2026

2025
Cash flows from financing activities:





Proceeds from issuance of long-term debt

—


310
Payments on long-term debt

—


(102)
Issuance of commercial paper, net

9


—
Dividends paid

(60)


(55)
Other

(23)


(9)
Net cash (used) provided by financing activities

(74)


144
Change in cash and cash equivalents

(68)


(1)
Cash and cash equivalents, beginning of period

76


12
Cash and cash equivalents, end of period
$8

$11
Supplemental cash flow information is as follows:





Cash paid for interest, net of amounts capitalized
$51

$43
Cash paid (received) for income taxes, net

1


(1)
 PORTLAND GENERAL ELECTRIC COMPANY AND SUBSIDIARIESSUPPLEMENTAL OPERATING STATISTICS(Unaudited)


Three Months Ended March 31,


2026

2025
Retail:











Residential
$394


45%
$429


46%Commercial

235


27


242


26
Industrial

139


16


127


14
Subtotal

768


87


798


86
Direct access:











Commercial

3


—


4


—
Industrial

6


1


5


1
Subtotal

9


1


9


1
Subtotal Retail

777


88


807


87
Alternative revenue programs, net of
amortization

16


2


(4)


—
Other accrued revenues, net

(3)


—


4


—
Total retail revenues

790


90


807


87
Wholesale revenues

63


7


100


11
Other operating revenues

26


3


21


2
Total revenues
$879


100%
$928


100% 

Three Months Ended March 31,


2026

2025

%
Change

% Change
(Weather-
Adjusted)*
Energy deliveries:











Retail:











Residential

2,087


2,226


(6.2)%

(4.6)%Commercial

1,594


1,632


(2.3)


(1.7)
Industrial

1,528


1,398


9.3


9.3
Subtotal

5,209


5,256


(0.9)


—
Direct access:











Commercial

116


129


(10.1)


(10.1)
Industrial

497


443


12.2


12.2
Subtotal

613


572


7.2


7.2
Total retail

5,822


5,828


(0.1)


0.7%Wholesale

1,399


1,979


(29.3)



Total

7,221


7,807


(7.5)%


 

Three Months Ended March 31,


2026

2025

% Change
Average number of retail
customers:








Residential

845,485


837,109


1%Commercial

114,543


114,191


—
Industrial

220


216


2
Direct access

533


589


(10)
Total

960,781


952,105


1% PORTLAND GENERAL ELECTRIC COMPANY AND SUBSIDIARIESSUPPLEMENTAL OPERATING STATISTICS, continued(Unaudited)


Heating Degree-days


2026

2025

Avg.
January

715


725


711
February

566


613


604
March

456


434


513
Year-to-date

1,737


1,772


1,828
(Decrease) from the 15-year average

(5)%

(3)%



Note: "Average" amounts represent the 15-year rolling averages provided by the National Weather Service (Portland Airport).


Three Months Ended March 31,


2026

2025
Generation:











Thermal:











Natural gas

2,340


34%

3,117


41%Coal

322


5


533


7
Total thermal

2,662


39


3,650


48
Hydro

349


5


442


6
Wind

548


8


599


8
Total generation

3,559


52


4,691


62
Purchased power:











Hydro

1,495


22


1,748


23
Wind

319


5


289


4
Solar

262


4


174


2
Natural Gas

431


6


—


—
Waste, Wood, and Landfill Gas

23


—


25


—
Source not specified

815


11


616


9
Total purchased power

3,345


48


2,852


38
Total system load

6,904


100%

7,543


100%Less: wholesale sales

(1,399)





(1,979)



Retail load requirement

5,505





5,564



 Media Contact:

Investor Contact:
Drew Hanson

Erin Schwartz
Corporate Communications

Investor Relations
Phone: 503-464-2067

Phone: 503-464-7751
 



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Original: Portland General Electric Announces First Quarter 2026 Results

Portland General Electric declares dividendApril 24, 2026 6:00 PM
PR Newswire (US)

PORTLAND, Ore., April 24, 2026 /PRNewswire/ -- On April 24, 2026, the board of directors of Portland General Electric Company (NYSE: POR) declared a quarterly common stock dividend of $0.55125 per share, representing an increase of 5%, or $0.105 per share, on an annualized basis.The company's dividend is evaluated based on capital requirements and financial performance. PGE targets a dividend payout ratio of 60 to 70% over the long term.The quarterly dividend is payable on or before July 15, 2026, to shareholders of record at the close of business on June 25, 2026.About Portland General Electric Company
Portland General Electric (NYSE: POR) is an integrated energy company that generates, transmits and distributes electricity to nearly 960,000 customers serving an area of approximately 2 million Oregonians. Since 1889, Portland General Electric (PGE) has been powering economies, delivering safe, affordable and reliable electricity while working to transform energy systems to meet evolving customer needs. PGE continues to make progress towards emissions reduction targets, and customers have set the standard for prioritizing clean energy with the No. 1 voluntary renewable energy program in the country. PGE is ranked a top ten utility in the 2025 Forrester U.S. Customer Experience Index. In 2025, PGE employees and retirees volunteered over 18,300 hours to more than 400 nonprofits organizations. Through the PGE Foundation, along with corporate contributions and the employee matching gift program, more than $5 million was directed to charitable organizations supporting economic growth and community resilience across our service area. For information: portlandgeneral.com/news.Safe Harbor Statement This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise.Forward-looking statements include statements, other than statements of historical or current fact, regarding the Company's amount and timing of dividends payable as well as other statements containing words such as "committed to," "targets," or similar expressions.There can be no assurance that future dividends will be declared. The declaration of future dividends is subject to approval of our board of directors and various risks and uncertainties, including, but not limited to: our cash flow and cash needs; the timing or amount of dividends paid; the timing or outcome of various legal and regulatory actions; changes in the Company's business strategy; increases in capital expenditures; changes in capital and credit market conditions, including volatility of equity markets as well as changes in PGE's credit ratings and outlook on such credit ratings restrictions on the payment of dividends under existing or future financing arrangements; changes in tax laws relating to corporate dividends; deterioration in our financial condition or results, and those risks, uncertainties, and other factors identified from time-to-time in our filings with the United States Securities and Exchange Commission (SEC), including our annual report on Form 10-K for the year ended December 31, 2025 and subsequent quarterly reports on Form 10-Q. These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov and on the Company's website, investors.portlandgeneral.com. Investors should not rely unduly on any forward-looking statements. The Company assumes no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors.Media Contact:
Drew Hanson
Corporate Communications
Phone: 503-464-2067Investor Contact:
Erin Schwartz
Investor Relations
Phone: 503-464-7751Source: Portland General Company



View original content:https://www.prnewswire.com/news-releases/portland-general-electric-declares-dividend-302753292.htmlSOURCE Portland General Company

Original: Portland General Electric declares dividend

Portland General Electric schedules earnings release and conference call for Friday, May 1April 3, 2026 4:38 PM
PR Newswire (US)

PORTLAND, Ore., April 3, 2026 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) announced today that it will host an analyst conference call and webcast at 11 a.m. ET on Friday, May 1, to review its first quarter 2026 financial results.Portland General Electric plans to release its first quarter 2026 earnings summary before financial markets open in the United States on May 1. The conference call will be hosted by Maria Pope, President and CEO; Joe Trpik, Senior Vice President of Finance and CFO; and Nick White, Manager of Investor Relations.To hear the conference call by webcast, log on to Portland General Electric's investor website at investors.portlandgeneral.com, select Events & Presentations from the menu, and the webcast will be listed under Upcoming Events. A replay of the webcast will be available beginning at 2 p.m. ET on May 1. The webcast replay will be listed under Archived Events within the investor website Events & Presentations page.About Portland General Electric Company:
Portland General Electric Company (PGE) (NYSE: POR) is an integrated energy company that generates, transmits and distributes electricity to nearly 960,000 customers serving an area of approximately 2 million Oregonians. Since 1889, PGE has been powering economies, delivering safe, affordable and reliable electricity while working to transform energy systems to meet evolving customer needs. PGE continues to make progress towards emissions reduction targets, and customers have set the standard for prioritizing clean energy with the No. 1 voluntary renewable energy program in the country. PGE is ranked a top ten utility in the 2025 Forrester U.S. Customer Experience Index. In 2025, PGE employees and retirees volunteered over 18,300 hours to more than 400 nonprofits organizations. Through the PGE Foundation, along with corporate contributions and the employee matching gift program, more than $5 million was directed to charitable organizations supporting economic growth and community resilience across our service area. For information: portlandgeneral.com/our-company/news-room.For more information please contact:
Nick White, PGE, 503-464-8073



View original content:https://www.prnewswire.com/news-releases/portland-general-electric-schedules-earnings-release-and-conference-call-for-friday-may-1-302734069.htmlSOURCE Portland General Company

Original: Portland General Electric schedules earnings release and conference call for Friday, May 1

Robert Hoglund nominated for election by shareholders to join the Portland General Electric board of directorsMarch 13, 2026 4:30 PM
PR Newswire (US)

PORTLAND, Ore., March 13, 2026 /PRNewswire/ -- Robert Hoglund has been nominated by the Portland General Electric (NYSE:POR) board of directors to stand for election as a new independent director at PGE's 2026 annual meeting of shareholders. If elected by PGE shareholders, his term will begin May 1, 2026."We are excited to have Robert join the PGE Board," said Jim Torgerson, chair of PGE's board of directors. "Robert brings extensive utility industry experience and financial expertise that will be invaluable as we continue to navigate the evolving energy landscape and deliver value to our customers and stakeholders."Hoglund is a seasoned financial executive with over two decades at Consolidated Edison, Inc., including more than 18 years as Senior Vice President and Chief Financial Officer. Prior to Consolidated Edison, he spent over 15 years in investment banking predominantly in utility mergers and acquisitions, including as a Managing Director in the M&A department and utilities group head at Citigroup.Hoglund currently serves on the boards of Middlesex Water Company and South Jersey Industries. He holds Bachelor's, MBA and JD degrees from the University of Virginia.Hoglund will serve on PGE's Audit and Risk Committee and the Compensation, Culture and Talent Committee.About Portland General Electric Company
Portland General Electric (NYSE: POR) is an integrated energy company that generates, transmits and distributes electricity to nearly 960,000 customers serving an area of approximately 2 million Oregonians. Since 1889, Portland General Electric (PGE) has been powering economies, delivering safe, affordable and reliable electricity while working to transform energy systems to meet evolving customer needs. PGE continues to make progress towards emissions reduction targets, and customers have set the standard for prioritizing clean energy with the No. 1 voluntary renewable energy program in the country. PGE is ranked a top ten utility in the 2025 Forrester U.S. Customer Experience Index. In 2025, PGE employees and retirees volunteered over 18,300 hours to more than 400 nonprofits organizations. Through the PGE Foundation, along with corporate contributions and the employee matching gift program, more than $5 million was directed to charitable organizations supporting economic growth and community resilience across our service area. For information: portlandgeneral.com/our-company/news-room.Contact Info:
PGE Communications,

Portland General Electric Company Announces Pricing of a Public Offering of 9,467,455 Shares of Common StockFebruary 17, 2026 10:21 PM
PR Newswire (US)

PORTLAND, Ore., Feb. 17, 2026 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) ("PGE" or the "Company"), an integrated energy company, today announced that it has priced an underwritten public offering of 9,467,455 shares of its common stock, all of which are being offered in connection with the forward sale agreements described below, at a public offering price of $50.70 per share. The offering is expected to close on February 19, 2026, subject to satisfaction of the conditions to closing.Wells Fargo Securities and BofA Securities are acting as lead book-runners and Barclays and J.P. Morgan are acting as active book-runners for the offering. BMO Capital Markets and Mizuho are acting as book-running managers and BTIG and Siebert Williams Shank are co-managers for the offering.In connection with the offering of shares of common stock, the Company entered into forward sale agreements with each of Wells Fargo Bank, National Association and Bank of America, N.A. (which the Company refers to as the "forward purchasers"), with respect to 9,467,455 shares of the Company's common stock.The underwriters of the offering also have been granted a 30-day option to purchase up to 1,380,670 additional shares of the Company's common stock. If the option to purchase additional shares of the Company's common stock is exercised, the Company expects to enter into one or more additional forward sale agreements with the forward purchasers in respect of the number of shares of the Company's common stock that are subject to exercise of the option to purchase additional shares.In connection with the forward sale agreements and any additional forward sale agreements, the forward purchasers (or their affiliates) are expected to borrow from third parties and sell to the underwriters an aggregate of 9,467,455 shares of the Company's common stock (or an aggregate of 10,848,125 shares of the Company's common stock if the underwriters exercise their option to purchase additional shares in full). However, a forward purchaser (or its affiliate) is not required to borrow such shares if, after using commercially reasonable efforts, such forward purchaser is unable to borrow such shares, or if borrowing costs exceed a specified threshold. If a forward purchaser (or its affiliate) does not deliver and sell all of the shares of the Company's common stock to be sold by it to the underwriters, the Company will issue and sell to the underwriters a number of shares of its common stock equal to the number of shares that such forward purchaser (or its affiliate) does not deliver and sell, and the number of shares underlying the relevant forward sale agreement or such additional forward sale agreement will be decreased by the number of shares that the Company issues and sells.Pursuant to the terms of the forward sale agreements and any additional forward sale agreements, and subject to its right to elect cash or net share settlement, the Company intends to issue and deliver, upon physical settlement of the forward sale agreements or any additional forward sale agreements on one or more dates specified by the Company an aggregate of 9,467,455 shares of common stock (or an aggregate of 10,848,125 shares of common stock if the underwriters exercise their option to purchase additional shares in full) to the forward purchasers in exchange for cash proceeds per share equal to the applicable forward sale price, which will be the public offering price, less underwriting discounts and commissions, and will be subject to certain adjustments as provided in the forward sale agreements and additional forward sale agreements. The Company expects to physically settle the forward sale agreements and any additional forward sale agreements in full on one or more dates no later than 24 months from the date of the preliminary prospectus supplement.The Company will not initially receive any proceeds from the sale of shares of its common stock by the forward purchasers (or affiliates thereof). The Company intends to use the net proceeds, if any, it receives upon future settlement of the forward sale agreements and additional forward sale agreements for general corporate purposes and investment in renewable energy and non-emitting dispatchable capacity related to its 2023 All-Source Request for Proposal, which may include repayment of indebtedness, including commercial paper.All of the shares of common stock will be offered under the Company's effective shelf registration statement that has been filed with the Securities and Exchange Commission ("SEC"). A final prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC and will be available on the SEC's website. When available, a copy of the final prospectus supplement and accompanying prospectus relating to the offering may be obtained from Wells Fargo Securities, LLC, 90 South 7th Street, 5th Floor, Minneapolis, MN 55402, Attention: WFS Customer Service, toll-free at 1-800-645-3751 or email to WFScustomerservice @shazaam-02-25, 201 North Tryon Street, Charlotte, North Carolina 28255-0001, Attention: Prospectus Department, by email: dg.prospectus_requests @Shades; or by visiting the EDGAR database on the SEC's web site at www.sec.gov.This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.About Portland General Electric CompanyPortland General Electric (NYSE: POR) is an integrated energy company that generates, transmits and distributes electricity to over 950,000 customers serving an area of 1.9 million Oregonians. Since 1889, Portland General Electric (PGE) has been powering social progress, delivering safe, affordable, reliable and increasingly clean electricity while working to transform energy systems to meet evolving customer needs. PGE customers have set the standard for prioritizing clean energy with the No. 1 voluntary renewable energy program in the country. PGE was ranked the No. 1 utility in the 2024 Forrester U.S. Customer Experience Index and is committed to reducing emissions from its retail power supply by 80% by 2030 and 100% by 2040. In 2024, PGE employees, retirees and the PGE Foundation donated $5.5 million and volunteered nearly 23,000 hours to more than 480 nonprofit organizations.Forward-Looking and Cautionary StatementsStatements in this news release 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. Such forward-looking statements include, among other things, statements related to PGE's expectations regarding the completion and timing of its proposed public offering, its expectations with respect to the expected physical settlement of the forward sale agreements, and use of proceeds, as well as other statements containing words such as "anticipates," "believes," "intends," "estimates," "promises," "expects," "should," "conditioned upon," and similar expressions. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future results may differ materially from those expressed in the forward-looking statements. Investors are cautioned that any such forward-looking statements are subject to risks and uncertainties. As a result, actual results may differ materially from those projected in the forward-looking statements. All forward-looking statements included in this news release 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 release, 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 SEC, including management's discussion and analysis of financial condition and results of operations and the risks described therein from time to time.Investor Contact:Nick White
Investor Relations
Phone: 503-464-8073Media Contact:Drew Hanson
Public Affairs
Phone: 503-464-2067Source: Portland General Company



View original content:https://www.prnewswire.com/news-releases/portland-general-electric-company-announces-pricing-of-a-public-offering-of-9-467-455-shares-of-common-stock-302691111.htmlSOURCE Portland General Company

Original: Portland General Electric Company Announces Pricing of a Public Offering of 9,467,455 Shares of Common Stock

Portland General Electric Company Announces Public Offering of $480,000,000 of Shares of Common StockFebruary 17, 2026 4:01 PM
PR Newswire (US)

PORTLAND, Ore., Feb. 17, 2026 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) ("PGE" or the "Company"), an integrated energy company, today announced the commencement of an underwritten public offering of $480,000,000 of shares of its common stock, all of which are being offered in connection with the forward sale agreements described below.Wells Fargo Securities and BofA Securities are acting as lead book-runners and Barclays and J.P. Morgan are acting as active book-runners for the offering.In connection with the offering of shares of common stock, the Company expects to enter into forward sale agreements with each of Wells Fargo Bank, National Association and Bank of America, N.A. (which the Company refers to as the "forward purchasers"), with respect to $480,000,000 of shares of the Company's common stock.The underwriters of the offering also expect to be granted a 30-day option to purchase up to $70,000,000 of additional shares of the Company's common stock. If the option to purchase additional shares of the Company's common stock is exercised, the Company expects to enter into one or more additional forward sale agreements with the forward purchasers in respect of the number of shares of the Company's common stock that are subject to exercise of the option to purchase additional shares.In connection with the forward sale agreements and any additional forward sale agreements, the forward purchasers (or their affiliates) are expected to borrow from third parties and sell to the underwriters an aggregate of $480,000,000 of shares of the Company's common stock (or an aggregate of $550,000,000 of shares of the Company's common stock if the underwriters exercise their option to purchase additional shares in full). However, a forward purchaser (or its affiliate) is not required to borrow such shares if, after using commercially reasonable efforts, such forward purchaser is unable to borrow such shares, or if borrowing costs exceed a specified threshold. If a forward purchaser (or its affiliate) does not deliver and sell all of the shares of the Company's common stock to be sold by it to the underwriters, the Company will issue and sell to the underwriters a number of shares of its common stock equal to the number of shares that such forward purchaser (or its affiliate) does not deliver and sell, and the number of shares underlying the relevant forward sale agreement or such additional forward sale agreement will be decreased by the number of shares that the Company issues and sells.Pursuant to the terms of the forward sale agreements and any additional forward sale agreements, and subject to its right to elect cash or net share settlement, the Company intends to issue and deliver, upon physical settlement of the forward sale agreements or any additional forward sale agreements on one or more dates specified by the Company an aggregate of $480,000,000 of shares of common stock (or an aggregate of $550,000,000 of shares of common stock if the underwriters exercise their option to purchase additional shares in full) to the forward purchasers in exchange for cash proceeds per share equal to the applicable forward sale price, which will be the public offering price, less underwriting discounts and commissions, and will be subject to certain adjustments as provided in the forward sale agreements and additional forward sale agreements. The Company expects to physically settle the forward sale agreements and any additional forward sale agreements in full on one or more dates no later than 24 months from the date of the preliminary prospectus supplement.The Company will not initially receive any proceeds from the sale of shares of its common stock by the forward purchasers (or affiliates thereof). The Company intends to use the net proceeds, if any, it receives upon future settlement of the forward sale agreements and additional forward sale agreements for general corporate purposes and investment in renewable energy and non-emitting dispatchable capacity related to its 2023 All-Source Request for Proposal, which may include repayment of indebtedness, including commercial paper.All of the shares of common stock will be offered under the Company's effective shelf registration statement that has been filed with the Securities and Exchange Commission ("SEC"). A preliminary prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC and will be available on the SEC's website. When available, a copy of the preliminary prospectus supplement and accompanying prospectus relating to the offering may be obtained from Wells Fargo Securities, LLC, 90 South 7th Street, 5th Floor, Minneapolis, MN 55402, Attention: WFS Customer Service, toll-free at 1-800-645-3751 or email to WFScustomerservice @shazaam-02-25, 201 North Tryon Street, Charlotte, North Carolina 28255-0001, Attention: Prospectus Department, by email: dg.prospectus_requests @Shades; or by visiting the EDGAR database on the SEC's web site at www.sec.gov.This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.About Portland General Electric CompanyPortland General Electric (NYSE: POR) is an integrated energy company that generates, transmits and distributes electricity to over 950,000 customers serving an area of 1.9 million Oregonians. Since 1889, Portland General Electric (PGE) has been powering social progress, delivering safe, affordable, reliable and increasingly clean electricity while working to transform energy systems to meet evolving customer needs. PGE customers have set the standard for prioritizing clean energy with the No. 1 voluntary renewable energy program in the country. PGE was ranked the No. 1 utility in the 2024 Forrester U.S. Customer Experience Index and is committed to reducing emissions from its retail power supply by 80% by 2030 and 100% by 2040. In 2024, PGE employees, retirees and the PGE Foundation donated $5.5 million and volunteered nearly 23,000 hours to more than 480 nonprofit organizations.Forward-Looking and Cautionary StatementsStatements in this news release 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. Such forward-looking statements include, among other things, statements related to PGE's expectations regarding the completion, timing and sizing of its proposed public offering, its expectations with respect to granting the underwriters options to purchase additional shares, the expected physical settlement of the forward sale agreements, and use of proceeds, as well as other statements containing words such as "anticipates," "believes," "intends," "estimates," "promises," "expects," "should," "conditioned upon," and similar expressions. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future results may differ materially from those expressed in the forward-looking statements. Investors are cautioned that any such forward-looking statements are subject to risks and uncertainties. As a result, actual results may differ materially from those projected in the forward-looking statements. All forward-looking statements included in this news release 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 release, 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 SEC, including management's discussion and analysis of financial condition and results of operations and the risks described therein from time to time.Investor Contact:Nick White
Investor Relations
Phone: 503-464-8073Media Contact:Drew Hanson
Public Affairs
Phone: 503-464-2067Source: Portland General Company



View original content:https://www.prnewswire.com/news-releases/portland-general-electric-company-announces-public-offering-of-480-000-000-of-shares-of-common-stock-302689941.htmlSOURCE Portland General Company

Original: Portland General Electric Company Announces Public Offering of $480,000,000 of Shares of Common Stock

PacifiCorp to Sell Washington Service Area to Portland General ElectricFebruary 17, 2026 5:27 AM
Business Wire
PacifiCorp today announced it has entered into an agreement with Portland General Electric Company (NYSE: POR) to sell its wind, natural gas generation and distribution assets and infrastructure in the state of Washington for $1.9 billion, subject to customary purchase price adjustments.


The agreement outlines the sale of PacifiCorp’s assets, including the Chehalis thermal plant, Marengo wind facility, Goodnoe Hills wind facility and the distribution infrastructure required to serve customers in the current Pacific Power service area in Yakima, Walla Walla and surrounding communities.


“This is a targeted step toward ensuring the continued delivery of safe, reliable power to our nearly two million customers in the West and Intermountain West,” said Darin Carroll, PacifiCorp’s CEO. “This will improve the company’s financial stability while simplifying our operations to support our long-term commitment to customers in each of our remaining states.”


Diverging policies among the six states PacifiCorp serves have created extraordinary pressure, affecting the company’s ability to meet demand reliably and at the lowest cost to customers. These challenges have impacted the company’s financial stability, liquidity and credit ratings. The sale will be a critical step in strengthening PacifiCorp’s financial position and simplifying operations across its service area.


“This transaction will better align the costs, benefits and obligations across PacifiCorp’s diverse service areas and help create a more workable multistate utility structure,” said Carroll.


The transaction is expected to take up to a year to finalize, and both companies anticipate a seamless transition for Washington employees.


PacifiCorp remains deeply committed to the communities it serves. PGE is positioned to continue growth and investment in the region and will continue to provide reliable service and maintain a strong focus on customer satisfaction in Washington.


For more information, visit PacificPower.net/WashingtonNews.


About PacifiCorp


PacifiCorp is one of the lowest-cost electrical providers in the United States, serving two million customers. The company operates as Rocky Mountain Power in Idaho, Utah and Wyoming and as Pacific Power in California, Oregon and Washington. PacifiCorp provides safe and reliable service through a vast, integrated system of generation and transmission that connects communities as the largest regulated utility owner of wind power in the West. For more information, visit PacifiCorp.com.


Forward-Looking Statements


This press release contains statements that do not directly or exclusively relate to historical facts. These statements are "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act and include, but are not limited to, any statements relating to the consummation of the proposed transaction and the expected timing thereof, the synergies and other benefits to be realized if the proposed transaction is consummated, including the impact of the transaction on PacifiCorp's financial position and operations. Forward looking statements can typically be identified by the use of forward-looking words, such as "will," "may," "could," "project," "believe," "anticipate," "expect," "estimate," "continue," "intend," "potential," "plan," "forecast" and similar terms. These statements are based upon PacifiCorp's current intentions, estimates, assumptions, expectations and beliefs and are subject to risks, uncertainties and other important factors. Many of these factors are outside the control of PacifiCorp and could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include, among others, considerations that may be disclosed from time to time in PacifiCorp's filings with the United States Securities and Exchange Commission (the "SEC") or in other publicly disseminated written documents. PacifiCorp undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities law. The foregoing factors should not be construed as exclusive.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260216425128/en/
Media hotline: 503-813-6018


Original: PacifiCorp to Sell Washington Service Area to Portland General Electric

Portland General Electric announces acquisition of Washington state utility operations and select assets from PacifiCorp, 2025 financial results and initiates 2026 earnings guidanceFebruary 17, 2026 5:00 AM
PR Newswire (US)

PGE partners with Manulife Investment Management for acquisition of PacifiCorp's Washington utility operations for $1.9 billionReached agreements to construct two solar and battery hybrid projects for a total of 615 MW, with 425 MW Company-ownedInitiating 2026 adjusted earnings guidance of $3.33 to $3.53 per diluted share and reaffirming 5% to 7% long-term earnings per share growth Full-year 2025 GAAP financial results of $2.77 per diluted share; full-year 2025 non-GAAP adjusted financial results of $3.05 per diluted share, reflecting 14% year-over-year industrial demand growth, offset by historic fourth quarter weather that reduced earnings by 17 centsPGE to host a conference call and webcast today, February 17, at 8:00am Eastern TimePORTLAND, Ore., Feb. 17, 2026 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) today announced an agreement to acquire select Washington state generation, transmission and electric utility operations from PacifiCorp for $1.9 billion, representing a purchase price multiple of 1.4x estimated 2026 rate base. The acquisition will enable PGE to extend its long-standing commitments to reliability, affordability, economic development and a customer centric approach to approximately 140,000 Washington customers. PGE expects accretion in the first full year upon closing and overall enhancement of PGE's long-term EPS and dividend growth from the transaction."We are excited for the opportunity to continue to grow, expanding into Washington and building upon PGE's foundation of operational excellence and customer service," said Maria Pope, president and CEO. "We look forward to our partnership with Manulife Investment Management, who brings a track record of investment success across the utility sector and Pacific Northwest agriculture and timberland industries."Under the agreement, PGE will acquire three generation facilities: the Chehalis natural-gas plant (477 MW), the Goodnoe Hills wind facility (94 MW), and the Marengo I and II wind facilities (234 MW). The acquisition also includes 4,500 miles of transmission and distribution lines, and local utility operations across 2,700 square miles.Central to this acquisition is PGE's partnership with Manulife Infrastructure Fund III, L.P. and its affiliates including John Hancock Life Insurance Company (USA), which will collectively be a minority owner of the Washington utility business. Manulife Investment Management is an experienced, long-term investor in infrastructure, agriculture, and timberland with roots in the region - having managed farms and forests in the Pacific Northwest for more than two decades.PGE will manage the Washington operations as a separate company through a newly formed subsidiary regulated by the Washington Utilities and Transportation Commission. PGE expects the state and federal regulatory reviews of the acquisition to close 12 months after submission of regulatory filings.Lazard served as lead financial advisor and provided a fairness opinion to Portland General Electric. Barclays, J.P. Morgan and Citi also served as financial advisors to Portland General Electric. Latham & Watkins served as legal advisor to Portland General Electric. Goldman Sachs & Co. LLC served as financial advisor to Manulife Investment Management. Simpson Thacher & Bartlett LLP served as legal advisor to Manulife Investment Management.Find more information on Manulife Investment Management, visit https://www.manulifeim.com/institutional/us/en2025 Financial ResultsToday, PGE also reported net income based on generally accepted accounting principles (GAAP) of $306 million, or $2.77 per diluted share, for the year ended December 31, 2025. After adjusting for the impact of business transformation and optimization expenses, 2025 non-GAAP net income was $336 million, or $3.05 per diluted share.This compares with GAAP net income of $313 million, or $3.01 per diluted share, for the year ended December 31, 2024. After adjusting for the impact of the January 2024 winter storms, 2024 non-GAAP net income was $327 million, or $3.14 per diluted share.GAAP net income was $41 million, or $0.36 per diluted share, for the fourth quarter of 2025. After adjusting for the impact of business transformation and optimization expenses, fourth quarter 2025 non-GAAP net income was $53 million, or $0.47 per diluted share. This compares with GAAP net income of $39 million, or $0.36 per diluted share, for the fourth quarter of 2024.2025 Earnings Compared to 2024 EarningsOn a GAAP basis, total revenues increased, driven by continued demand growth from data center and high-tech customers and improved cost recovery. Purchased power and fuel expense declined slightly, reflecting stable market conditions and lower commodity prices. Operating and maintenance expenses remained largely flat. Depreciation and amortization expense and interest expense increased due to ongoing capital investment. Income tax expense increased primarily due to lower production tax credit benefits.Additional Company UpdatesHigh-tech and Data Center GrowthIn 2025 and the first part of 2026, PGE executed five contracts with data center customers for 430 MW. The contracts build on PGE's track record of strong industrial demand, which has grown at a 10% compounded annual growth rate from 2020 to 2025, and forecast to continue at this rate through 2030.Resource Procurement2023 Request for Proposals (RFP) - After a robust and competitive bidding and negotiating process as part of the 2023 RFP, PGE has entered into agreements to construct two solar and battery hybrid projects for a total of 615 MWs. Agreements for the PGE-owned resources include:Biglow Optimization - 125 MW solar facility and 125 MW BESS located in Sherman County, Oregon, with an investment of approximately $540 million, excluding AFUDC. The project has an estimated commercial operation date at the end of 2027.Wheatridge Expansion - 240 MW solar facility and 125 MW BESS located in Morrow County, Oregon. PGE will own 110 MW of solar and 65 MW of BESS production capacity with an investment of approximately $490 million, excluding AFUDC. NextEra Energy, Inc. will operate the facility, own the remaining 130 MW of solar and 60 MW of BESS production capacity and sell their portion of the output to PGE under a 30-year PPA. The project has an estimated commercial operation date at the end of 2027.Additional Procurement Activities - PGE has also entered into the following agreements:Meadowlark BESS - a 20-year storage capacity agreement for a 200 MW BESS located in Washington County, Oregon. This project will be owned by Copenhagen Infrastructure Partners, LLC and has an estimated commercial operation date at the end of 2027.Nottingham BESS - a 20-year storage capacity agreement for a 200 MW BESS located in Washington County, Oregon. This project has an estimated commercial operation date in 2028.2025 Request for Proposals - PGE plans to file a request for acknowledgement of the final shortlist of bidders for the 2025 All-source RFP to the Public Utility Commission of Oregon (OPUC) on February 17, 2026. The final shortlist, which totals approximately 5,000 MW, is made up of both renewables and non-emitting capacity projects.PGE is proceeding to commercial negotiations with projects on the final shortlist, prioritizing those that include renewable generation, have a viable pathway to achieve commercial operations earlier in the 2028 - 2030 eligibility period and to maximize tax credits to reduce project costs. The ultimate outcome of the RFP process may involve the selection of multiple projects for both renewable and non-emitting dispatchable capacity resources, which PGE expects will be approximately 2,500 MW in total.Quarterly DividendAs previously announced, on February 13, 2026, the board of directors of Portland General Electric Company approved a quarterly common stock dividend of $0.525 per share. The quarterly dividend is payable on or before April 15, 2026 to shareholders of record at the close of business on March 23, 2026.2026 Earnings GuidancePGE is reaffirming 5% to 7% long-term earnings per share growth using a base of $3.08 per diluted share, the mid-point of original 2024 adjusted earnings guidance.PGE is also initiating full-year 2026 adjusted earnings guidance of $3.33 to $3.53 per diluted share based on the following assumptions:An increase in energy deliveries between 2.5% and 3.5%, weather adjusted;Execution of power cost and financing plans;Execution of operating cost controls;Normal temperatures in its utility service area;Hydro conditions for the year that reflect current estimates;Wind generation based on five years of historical levels or forecast studies when historical data is not available;Normal thermal plant operations;Operating and maintenance expense between $820 million and $840 million which includes approximately $155 million of wildfire, vegetation management, deferral amortization and other expenses that are offset in other income statement lines and $15 million of business transformation and optimization expenses;Depreciation and amortization expense between $560 million and $580 million;Effective tax rate of 15% to 20%;Cash from operations of $1,000 to $1,200 million;Capital expenditures of $1,655 million; andAverage construction work in progress balance of $850 million.Business Update, Fourth Quarter and Full-Year 2025 Earnings Call and Webcast — Feb. 17, 2026PGE will host a conference call with financial analysts and investors on Tuesday, February 17, 2026, at 8 a.m. ET. The conference call will be webcast live on the PGE website at investors.portlandgeneral.com. A webcast replay will also be available on PGE's investor website "Events & Presentations" page beginning at 2 p.m. ET on February 17, 2026. This conference call will replace the previously scheduled conference call on February 20, 2026.Maria Pope, President and CEO; Joe Trpik, Senior Vice President of Finance and CFO; and Nick White, Manager of Investor Relations, will participate in the call. Management will respond to questions following formal comments.Non-GAAP Financial Measures
This press release contains certain non-GAAP measures, such as adjusted earnings, adjusted EPS and adjusted earnings guidance. These non-GAAP financial measures exclude significant items that are generally not related to our ongoing business activities, are infrequent in nature, or both. PGE believes that excluding the effects of these items provides an alternative measure of the Company's comparative earnings per share and enables investors to evaluate the Company's operating financial performance trends, exclusive of items that are not normally associated with ongoing operations. Management utilizes non-GAAP measures to assess the Company's current and forecasted performance, and for communications with shareholders, analysts and investors. Non-GAAP financial measures are supplementary information that should be considered in addition to, but not as a substitute for, the information prepared in accordance with GAAP.Items in the periods presented, which PGE believes impact the comparability of comparative earnings and do not represent ongoing operating financial performance, include the following:Business transformation and optimization expenses, including strategic advisory, workforce realignment and corporate structure update costsNon-deferrable Reliability Contingency Event (RCE) costs resulting from the January 2024 winter stormDue to the forward-looking nature of PGE's non-GAAP adjusted earnings guidance, and the inherently unpredictable nature of items and events which could lead to the recognition of non-GAAP adjustments (such as, but not limited to, regulatory disallowances or extreme weather events), management is unable to estimate the occurrence or value of specific items requiring adjustment for future periods, which could potentially impact the Company's GAAP earnings. Therefore, management cannot provide a reconciliation of non-GAAP adjusted earnings per share guidance to the most comparable GAAP financial measure without unreasonable effort. For the same reasons, management is unable to address the probable significance of unavailable information.PGE's reconciliation of non-GAAP earnings for the years ended December 31, 2025 and December 31, 2024 and the quarter ended December 31, 2025, are below.Non-GAAP Earnings Reconciliation for the year ended December 31, 2025(Dollars in millions, except EPS)Net Income Diluted EPSGAAP as reported for the year ended December 31, 2025$              306$              2.77Exclusion of business transformation and optimization expenses420.38Tax effect (1)(12)(0.10)Non-GAAP as reported for the year ended December 31, 2025$              336$              3.05
Non-GAAP Earnings Reconciliation for the year ended December 31, 2024(Dollars in millions, except EPS)Net Income Diluted EPSGAAP as reported for the year ended December 31, 2024$              313$              3.01Exclusion of January 2024 storm costs190.18Tax effect (1)(5)(0.05)Non-GAAP as reported for the year ended December 31, 2024$              327$              3.14
Non-GAAP Earnings Reconciliation for the quarter ended December 31, 2025(Dollars in millions, except EPS)Net Income Diluted EPSGAAP as reported for the quarter ended December 31, 2025$                41$              0.36Exclusion of business transformation and optimization expenses170.15Tax effect (1)(5)(0.04)Non-GAAP as reported for the quarter ended December 31, 2025$                53$              0.47
(1) Tax effects were determined based on the Company's full-year blended federal and state statutory rate.About Portland General Electric Company Portland General Electric (NYSE: POR) is an integrated energy company that generates, transmits and distributes electricity to nearly 960,000 customers serving an area of approximately 2 million Oregonians. Since 1889, Portland General Electric (PGE) has been powering economies, delivering safe, affordable and reliable electricity while working to transform energy systems to meet evolving customer needs. PGE continues to make progress towards emissions reduction targets, and customers have set the standard for prioritizing clean energy with the No. 1 voluntary renewable energy program in the country. PGE is ranked a top ten utility in the 2025 Forrester U.S. Customer Experience Index. In 2025, PGE employees and retirees volunteered over 18,300 hours to more than 400 nonprofits organizations. Through the PGE Foundation, along with corporate contributions and the employee matching gift program, more than $5 million was directed to charitable organizations supporting economic growth and community resilience across our service area. For information: portlandgeneral.com/news.Safe Harbor Statement Statements in this press release 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. These forward-looking statements represent our estimates and assumptions as of the date of this report, and the Company assumes no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. Investors should not rely unduly on any forward-looking statements. Forward-looking statements include statements, other than statements of historical or current fact, regarding the Company's earnings guidance (including all the assumptions and expectations upon which such guidance is based), the Company's proposed purchase of electric utility operations and certain assets in Washington state from PacifiCorp (the "Acquisition"), the Company's financing plans for the Acquisition, the timing of the closing of the Acquisition, and the realization of anticipated benefits of the Acquisition, as well as other statements containing words such as "anticipates," "assumptions," "believes," "continue," "could," "estimates," "expects," "expected," "forecast," "goals," "guidance," "intends," "may," "plans," "predicts," "proposed," "seeks," "should," well-positioned to execute," "will," "working to," or similar expressions.Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, which could cause future events and actual results to differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. Such risks, uncertainties and other factors include, without limitation: the timing or outcome of various legal and regulatory actions; closing of the Acquisition being delayed or not occurring at all due to regulatory approvals not being obtained or other closing conditions not being fulfilled; opposition of the Acquisition from special interest groups; the Acquisition may encounter unanticipated delays or be postponed or canceled due to the occurrence of any event, change or other circumstance or condition that could give rise to the delay or termination of the Acquisition; the ability of the Company and Manulife Investment Management to obtain financing and remain invested in the acquired business; successful integration of the acquired business and the Company's ability to achieve the anticipated benefits of the Acquisition within the expected timeframe; the acquired assets not performing as expected; the Company assuming unexpected risks, liabilities and obligations of the acquired assets; significant transaction costs associated with the Acquisition; the risk that disruptions from the Acquisition will harm the businesses, including current plans and operations; the ability to retain and/or hire key personnel to successfully operate and integrate the acquired assets; potential adverse reactions or changes to business relationships resulting from the announcement or completion of the Acquisition; new or revised governmental policies, executive orders, legislative actions, and regulatory audits, investigations and actions; uncertainties associated with increased energy demand or significant accelerated growth in demand due to new data centers; general economic conditions; trade tariffs; rising inflation; volatility in interest rates; changes in the tax code and treatment of tax credits; risks and uncertainties related to current or future All-Source Request for Proposals; changing customer expectations and choices that may reduce customer demand; natural or human-caused disasters and other risks or events that disrupt PGE operations, damage PGE facilities and systems, cause the release of harmful materials, cause fires, and subject the Company to liability; ignitions caused by PGE assets or PGE's ability to effectively implement a Public Safety Power Shutoffs (PSPS) and de-energize its system in the event of heightened wildfire risk or implement effective system hardening programs; impacts from legislative action on wildfire-related liability; operational factors affecting the Company's power generating and battery storage facilities; default or nonperformance on the part of any parties from whom PGE purchases fuel, capacity or energy; complications arising from PGE's jointly-owned plant; delays in the supply chain and increased supply costs; failure to complete capital projects on schedule or within budget; failure to obtain permits necessary to operate the business; PGE's ability to complete negotiations on contracts for capital projects; failure of counterparties to perform under agreements for capital projects; abandonment of capital projects; volatility in wholesale power and natural gas prices; changes in the availability and price of wholesale power and fuels; changes in capital market conditions; future laws, regulations and proceedings that could increase the Company's costs of operating its thermal generating plants; changes in, and compliance with, and general uncertainty surrounding environmental laws and policies; the effects of climate change, whether global or local in nature; changes in customer growth or demographic patterns; changes in the Company's or Manulife Investment Management credit ratings, any of which could impact cost of capital and access to capital markets to support requirements for funding the Acquisition, working capital, construction of capital projects, repayments of maturing debt, and stock-based compensation plans; the effectiveness of PGE's risk management policies and procedures; cybersecurity attacks, data security breaches, physical attacks and security breaches, or other malicious acts internally or to third parties; reputational damage from negative publicity, protests, fines, penalties and other negative consequences; employee workforce factors, including potential strikes, work stoppages, transitions in senior management, and the ability to recruit and retain key employees and other talent and turnover; failure to achieve the Company's greenhouse gas emission goals or being perceived to have either failed to act responsibly with respect to the environment or effectively responded to legislative requirements concerning greenhouse gas emission reductions; acts of war, terrorism or civil disruption; and those risks, uncertainties, and other factors identified in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the year ended December 31, 2025 filed with the United States Securities and Exchange Commission (SEC)and available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov and on the Company's website, investors.portlandgeneral.com.PORSource: Portland General CompanyPORTLAND GENERAL ELECTRIC COMPANY AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF INCOME(Dollars in millions, except per share amounts)(Unaudited)


Years Ended December 31,


2025

2024

2023
Revenues:








Revenues, net
$3,555

$3,480

$2,912
Alternative revenue programs, net of amortization

21


(40)


11
Total Revenues

3,576


3,440


2,923
Operating expenses:








Purchased power and fuel

1,411


1,418


1,190
Generation, transmission and distribution

450


436


374
Administrative and other

392


403


341
Depreciation and amortization

578


496


458
Taxes other than income taxes

190


175


164
Total operating expenses

3,021


2,928


2,527
Income from operations

555


512


396
Interest expense, net

232


211


173
Other income:








Allowance for equity funds used during construction

18


23


19
Miscellaneous income, net

18


26


31
Other income, net

36


49


50
Income before income taxes

359


350


273
Income tax expense

53


37


45
Net income
$306

$313

$228










Weighted-average shares outstanding (in thousands):








Basic

110,471


103,946


97,760
Diluted

110,739


104,159


97,952










Earnings per share:








Basic
$2.77

$3.02

$2.33
Diluted
$2.77

$3.01

$2.33
 PORTLAND GENERAL ELECTRIC COMPANY AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETS(In millions)(Unaudited)

As of December 31,


2025

2024
ASSETS





Current assets:





Cash and cash equivalents
$76

$12
Accounts receivable, net

460


456
Inventories, at average cost:





Materials and supplies

99


92
Fuel

25


22
Regulatory assets—current

168


205
Other current assets

244


238
Total current assets

1,072


1,025
Electric utility plant:





In service

15,996


14,863
Accumulated depreciation and amortization

(5,419)


(5,085)
In service, net

10,577


9,778
Construction work-in-progress

416


567
Electric utility plant, net

10,993


10,345
Regulatory assets—noncurrent

619


632
Nuclear decommissioning trust

42


30
Non-qualified benefit plan trust

36


34
Other noncurrent assets

468


478
Total assets
$13,230

$12,544
 PORTLAND GENERAL ELECTRIC COMPANY AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETS, continued(In millions, except share amounts)(Unaudited)


As of December 31,


2025

2024
LIABILITIES AND SHAREHOLDERS' EQUITY





Current liabilities:





Accounts payable
$330

$365
Liabilities from price risk management activities—current

158


147
Current portion of long-term debt

—


170
Current portion of finance lease obligations

27


27
Accrued expenses and other current liabilities

478


410
Total current liabilities

993


1,119
Long-term debt, net of current portion

4,662


4,354
Regulatory liabilities—noncurrent

1,490


1,440
Deferred income taxes

601


564
Deferred investment tax credits

194


61
Unfunded status of pension and postretirement plans

107


140
Liabilities from price risk management activities—noncurrent

56


72
Asset retirement obligations

299


292
Non-qualified benefit plan liabilities

70


74
Finance lease obligations, net of current portion

263


276
Other noncurrent liabilities

362


358
Total liabilities

9,097


8,750
Commitments and contingencies (see notes)





Shareholders' equity:





Preferred stock, no par value, 30,000,000 shares authorized;
none issued and outstanding

—


—
Common stock, no par value, 160,000,000 shares authorized;
115,559,079 and 109,342,251 shares issued and outstanding as of
December 31, 2025 and 2024, respectively

2,382


2,118
Accumulated other comprehensive loss

(4)


(4)
Retained earnings

1,755


1,680
Total shareholders' equity

4,133


3,794
Total liabilities and shareholders' equity
$13,230

$12,544
 PORTLAND GENERAL ELECTRIC COMPANY AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS(In millions)(Unaudited)


Years Ended December 31,


2025

2024

2023
Cash flows from operating activities:








Net income
$306

$313

$228
Adjustments to reconcile net income to net cash
provided by operating activities:








Depreciation and amortization

578


496


458
Deferred income taxes

37


23


8
Allowance for equity funds used during construction

(18)


(23)


(19)
Pension and other postretirement benefits

12


6


5
Alternative revenue programs

(21)


40


(11)
Stock-based compensation

16


24


17
Regulatory assets

24


(126)


20
Regulatory liabilities

(21)


(20)


24
Tax credit sales

179


112


24
Other non-cash income and expenses, net

64


57


40
Changes in working capital:








Accounts receivable and unbilled revenues

(16)


(66)


(29)
Margin deposits

9


(33)


24
Accounts payable and accrued liabilities

44


47


(166)
Margin deposits from wholesale counterparties

16


—


(135)
Other working capital items, net

(10)


(12)


(20)
Contribution to pension and other postretirement
plans

(24)


(19)


(14)
Contribution to non-qualified employee benefit trust

(10)


(10)


(7)
Asset retirement obligation settlements

(13)


(16)


(25)
Other, net

(34)


(15)


(2)
Net cash provided by operating activities

1,118


778


420
Cash flows from investing activities:








Capital expenditures

(1,189)


(1,268)


(1,358)
Purchases of nuclear decommissioning trust securities

(9)


(8)


(1)
Sales of nuclear decommissioning trust securities

4


2


1
Other, net

(2)


(23)


—
Net cash used in investing activities

(1,196)


(1,297)


(1,358)
 PORTLAND GENERAL ELECTRIC COMPANY AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS, continued(In millions)(Unaudited)


Years Ended December 31,


2025

2024

2023
Cash flows from financing activities:








Proceeds from issuance of long-term debt
$310

$670

$600
Payments on long-term debt

(170)


(130)


(260)
Proceeds from issuances of common stock, net of
issuance costs

250


346


485
Issuance (maturities) of commercial paper, net

—


(146)


146
Dividends paid

(225)


(200)


(179)
Other

(23)


(14)


(14)
Net cash provided by financing activities

142


526


778
Change in cash and cash equivalents

64


7


(160)
Cash and cash equivalents, beginning of year

12


5


165
Cash and cash equivalents, end of year
$76

$12

$5










Supplemental disclosures of cash flow information:








Cash paid (received) for:








Interest, net of amounts capitalized
$198

$174

$136
Income taxes, net

(162)


(90)


12
Non-cash investing and financing activities:








Accrued capital additions

126


184


212
Accrued dividends payable

63


57


51
 PORTLAND GENERAL ELECTRIC COMPANY AND SUBSIDIARIESSUPPLEMENTAL OPERATING STATISTICS(Unaudited)


Years Ended December 31,


2025

2024

2023
Retail revenues (1) (dollars in millions):

















Residential
$1,486


48%
$1,457


51%
$1,263


52%Commercial

985


32


924


33


808


33
Industrial

561


18


458


16


368


15
Subtotal

3,032


98%

2,839


100%

2,439


100%Alternative revenue programs, net of
amortization

21


1


(40)


(1)


11


—
Other accrued (deferred) revenues, net

17


1


16


1


(3)


—
Total retail revenues
$3,070


100%
$2,815


100%
$2,447


100%


















Retail energy deliveries (2) (MWh in
thousands):

















Residential

7,596


34%

7,732


36%

7,952


37%Commercial

7,015


31


7,024


32


7,178


34
Industrial

7,919


35


6,941


32


6,293


29
Total retail energy deliveries

22,530


100%

21,697


100%

21,423


100%


















Average number of retail customers:

















Residential

840,457


88%

829,721


88%

815,920


88%Commercial

114,912


12


113,942


12


112,667


12
Industrial

286


—


281


—


273


—
Total

955,655


100%

943,944


100%

928,860


100% PORTLAND GENERAL ELECTRIC COMPANY AND SUBSIDIARIESSUPPLEMENTAL OPERATING STATISTICS, continued(Unaudited)


Heating Degree-Days

Cooling Degree-Days


2025

2024

15-Year
Average

2025

2024

15-Year
Average
1st quarter

1,772


1,755


1,819


4


—


—
2nd quarter

464


547


606


102


108


109
3rd quarter

19


36


60


588


643


521
4th quarter

1,294


1,324


1,502


—


—


6
Total

3,549


3,662


3,987


694


751


636
Increase (decrease) from the 15-year
average

(11)%

(8)%




9%

18%



Note: "Average" amounts represent the 15-year rolling averages provided by the National Weather Service (Portland Airport). 

Years Ended December 31,


2025

2024
Sources of energy (MWh in thousands):











Generation:











Thermal:











Natural gas

11,424


37%

10,939


36%Coal

1,936


6


1,910


6
Total thermal

13,360


43


12,849


42
Hydro

1,205


4


1,267


4
Wind

2,711


9


2,922


10
Total generation

17,276


56


17,038


56
Purchased power:











Hydro

7,431


24


6,752


22
Wind

1,195


4


1,386


5
Solar

1,415


5


1,119


4
Natural Gas

885


3


94


—
Waste, Wood and Landfill Gas

107


—


170


1
Source not specified

2,539


8


3,789


12
Total purchased power

13,572


44


13,310


44
Total system load

30,848


100%

30,348


100%Less: wholesale sales

(9,383)





(9,722)



Retail load requirement

21,465





20,626



 Media Contact:Investor Contact:Drew HansonNick WhiteCorporate CommunicationsInvestor RelationsPhone: 503-464-2067Phone: 503-464-8073 



View original content:https://www.prnewswire.com/news-releases/portland-general-electric-announces-acquisition-of-washington-state-utility-operations-and-select-assets-from-pacificorp-2025-financial-results-and-initiates-2026-earnings-guidance-302689138.htmlSOURCE Portland General Company

Original: Portland General Electric announces acquisition of Washington state utility operations and select assets from PacifiCorp, 2025 financial results and initiates 2026 earnings guidance

Portland General Electric revises date and time for earnings release and conference call to Tuesday, February 17 at 8am ETFebruary 16, 2026 4:00 PM
PR Newswire (US)

PORTLAND, Ore., Feb. 16, 2026 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) announced today a revised date to host an analyst conference call and webcast to review its fourth quarter and full-year 2025 financial results of Tuesday, February 17, 2026 at 8:00 a.m. ET. This conference call will replace the previously scheduled conference call on February 20, 2026.Portland General Electric plans to release its fourth quarter and full-year 2025 earnings summary before financial markets open in the United States on February 17. The conference call will be hosted by Maria Pope, President and CEO; Joe Trpik, Senior Vice President of Finance and CFO; and Nick White, Manager of Investor Relations.To hear the conference call by webcast, log on to Portland General Electric's investor website at investors.portlandgeneral.com, select Events & Presentations from the menu, and the webcast will be listed under Upcoming Events. A replay of the webcast will be available beginning at 2 p.m. ET on February 17. The webcast replay will be listed under Archived Events within the investor website Events & Presentations page.About Portland General Electric Company:
Portland General Electric (NYSE: POR) is an integrated energy company that generates, transmits and distributes electricity to nearly 960,000 customers serving an area of approximately 2 million Oregonians. Since 1889, Portland General Electric (PGE) has been powering economies, delivering safe, affordable and reliable electricity while working to transform energy systems to meet evolving customer needs. PGE continues to make progress towards emissions reduction targets, and customers have set the standard for prioritizing clean energy with the No. 1 voluntary renewable energy program in the country. PGE is ranked a top ten utility in the 2025 Forrester U.S. Customer Experience Index. In 2025, PGE employees and retirees volunteered over 18,300 hours to more than 400 nonprofits organizations. Through the PGE Foundation, along with corporate contributions and the employee matching gift program, more than $5 million was directed to charitable organizations supporting economic growth and community resilience across our service area. For more information: portlandgeneral.com/news.  For more information please contact:
Nick White, PGE, 503-464-8073Source: Portland General Company



View original content:https://www.prnewswire.com/news-releases/portland-general-electric-revises-date-and-time-for-earnings-release-and-conference-call-to-tuesday-february-17-at-8am-et-302688928.htmlSOURCE Portland General Company

Original: Portland General Electric revises date and time for earnings release and conference call to Tuesday, February 17 at 8am ET

Portland General Electric declares dividendFebruary 13, 2026 7:08 PM
PR Newswire (US)

PORTLAND, Ore., Feb. 13, 2026 /PRNewswire/ -- On February 13, 2026, the board of directors of Portland General Electric Company (NYSE: POR) declared a quarterly common stock dividend of $0.525 per share.The company's dividend is evaluated based on capital requirements and financial performance. PGE targets a dividend payout ratio of 60 to 70% over the long term.The quarterly dividend is payable on or before April 15, 2026, to shareholders of record at the close of business on March 23, 2026.About Portland General Electric Company
Portland General Electric (NYSE: POR) is an integrated energy company that generates, transmits and distributes electricity to nearly 960,000 customers serving an area of approximately 2 million Oregonians. Since 1889, Portland General Electric (PGE) has been powering economies, delivering safe, affordable and reliable electricity while working to transform energy systems to meet evolving customer needs. PGE continues to make progress towards emissions reduction targets, and customers have set the standard for prioritizing clean energy with the No. 1 voluntary renewable energy program in the country. PGE is ranked a top ten utility in the 2025 Forrester U.S. Customer Experience Index. In 2025, PGE employees and retirees volunteered over 18,300 hours to more than 400 nonprofits organizations. Through the PGE Foundation, along with corporate contributions and the employee matching gift program, more than $5 million was directed to charitable organizations supporting economic growth and community resilience across our service area. For more information: portlandgeneral.com/news.  Safe Harbor Statement This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise.Forward-looking statements include statements, other than statements of historical or current fact, regarding the Company's amount and timing of dividends payable as well as other statements containing words such as "committed to," "targets," or similar expressions.There can be no assurance that future dividends will be declared. The declaration of future dividends is subject to approval of our board of directors and various risks and uncertainties, including, but not limited to: our cash flow and cash needs; the timing or amount of dividends paid; the timing or outcome of various legal and regulatory actions; changes in the Company's business strategy; increases in capital expenditures; changes in capital and credit market conditions, including volatility of equity markets as well as changes in PGE's credit ratings and outlook on such credit ratings restrictions on the payment of dividends under existing or future financing arrangements; changes in tax laws relating to corporate dividends; deterioration in our financial condition or results, and those risks, uncertainties, and other factors identified from time-to-time in our filings with the United States Securities and Exchange Commission (SEC), including our annual report on Form 10-K for the year ended December 31, 2024 and subsequent quarterly reports on Form 10-Q. These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov and on the Company's website, investors.portlandgeneral.com. Investors should not rely unduly on any forward-looking statements. The Company assumes no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors.Media Contact:
Drew Hanson
Corporate Communications
Phone: 503-464-2067Investor Contact:
Nick White
Investor Relations
Phone: 503-464-8073Source: Portland General Company



View original content:https://www.prnewswire.com/news-releases/portland-general-electric-declares-dividend-302688132.htmlSOURCE Portland General Company

Original: Portland General Electric declares dividend

Portland General Electric declares dividend

PORTLAND, Ore., Oct. 28, 2020 /PRNewswire/ -- On October 28, 2020, the board of directors of Portland General Electric Company (NYSE: POR) approved a quarterly common stock dividend of 40.75 cents per share.

The company's dividend is evaluated based on capital requirements and financial performance. PGE targets a dividend payout ratio of 60 to 70% over the long term.

The quarterly dividend is payable on or before January 15, 2021 to shareholders of record at the close of business on December 28, 2020.

About Portland General Electric Company

Portland General Electric (NYSE: POR) is a fully integrated energy company based in Portland, Oregon, with operations across the state. The company serves approximately 900,000 customers with a service area population of 2 million Oregonians in 51 cities. PGE has 16 generation plants in five Oregon counties, and maintains and operates 14 public parks and recreation areas. For over 130 years, PGE has delivered safe, affordable and reliable energy to Oregonians. Together with its customers, PGE has the No. 1 voluntary renewable energy program in the U.S. PGE and its 3,000 employees are working with customers to build a clean energy future. In 2019, PGE, employees, retirees and the PGE Foundation donated $4.7 million and volunteered 32,900 hours with more than 700 nonprofits across Oregon. For more information visit portlandgeneral.com/newsroom.

Media Contact:
Brianne Hyder
Corporate Communications
Phone: 503-464-8596

Investor Contact:
Jardon Jaramillo
Investor Relations
Phone: 503-464-7051

Source: Portland General Company (POR)

Cision View original content:http://www.prnewswire.com/news-releases/portland-general-electric-declares-dividend-301162260.html

$PORWorst priced in' at Portland General, BofA says in upgrade to Buy


Portland General Electric (NYSE:POR) +2.1% pre-market after Bank of America upgrades shares to Buy from Neutral, although with a reduced price target of $39 vs. $41 previously, saying the worst is priced in after falling 12% in the past week on unconfirmed reports that its electrical equipment may have ignited some of the wildfires in Oregon.

"While three wildfires currently run through POR's distribution service territory, the company continues to stress no evidence that their equipment was an ignition," says BofA's Julien Dumoulin-Smith.

https://seekingalpha.com/news/3614583-worst-priced-in-portland-general-bofa-says-in-upgrade-to-buy

Still holding from $41

New 52 wk highs coming soon

$POR Portland General Electric cut to Sell at Williams Capital

Portland General Electric (POR -2.5%) is downgraded to Sell from Hold with a $41 price target, trimmed from $44, at Williams Capital, which says POR's once-strong case for significant growth over the next few years has dwindled considerably.

Oregon's PUC staff has recommended both a poor outcome from the IRP and a rate cut in the pending base rate case in its initial June 16 testimony, and Williams says current consensus expectations do not appear to reflect what is clearly disappointing results from either the IRP or rate case dockets.

The firm sees limited residential load growth at best and often declining weather adjusted load with rising operating expenses, thus near-term EPS growth will be difficult to achieve absent a rate case or IRP/RFP successes.

Not much Margin Of Safety for Portland General Electric $POR going into earnings Friday... Fair Value Source

I'm still holding this. Up 1700 to date

$POR DD Notes ~ http://www.ddnotesmaker.com/POR

bullish

$POR recent news/filings

## source: finance.yahoo.com

Wed, 17 Dec 2014 21:47:37 GMT ~ UPDATE: Deutsche Bank Downgrades Portland General Electric


read full: http://finance.yahoo.com/news/deutsche-bank-downgrades-portland-general-214737977.html
*********************************************************

Mon, 15 Dec 2014 21:23:14 GMT ~ PGE announces completion of Tucannon River Wind Farm

[at noodls] - Dec. 23, 2013 Region's newest wind project adds to diversity of renewable energy portfolio Portland General Electric Company (NYSE: POR) today announced its Tucannon River Wind Farm is in service and available ...

read full: http://www.noodls.com/view/AA08692C7BF4AD6A70CD293CFC82AFFE3B13DB75
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Mon, 15 Dec 2014 21:23:05 GMT ~ PGE Announces Completion of Tucannon River Wind Farm

[at noodls] - December 15, 2014 Region's newest wind project adds to diversity of renewable energy portfolio PORTLAND, Ore.--(BUSINESS WIRE)-- Portland General Electric Company (NYSE:POR) today announced its Tucannon ...

read full: http://www.noodls.com/view/65DC4A501B06D3EF04E95D0113E1EB8C5DEE352F
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Mon, 15 Dec 2014 21:05:00 GMT ~ PGE Announces Completion of Tucannon River Wind Farm

[Business Wire] - Portland General Electric Company today announced its Tucannon River Wind Farm is in service and available to generate power for PGE customers. Tucannon River is PGE’s second fully owned and operated large-scale wind project, with 116 turbines and a total installed capacity of 267 megawatts.

read full: http://finance.yahoo.com/news/pge-announces-completion-tucannon-river-210500220.html
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Mon, 08 Dec 2014 11:00:59 GMT ~ PORTLAND GENERAL ELECTRIC CO /OR/ Files SEC form 8-K, Other Events


read full: http://biz.yahoo.com/e/141208/por8-k.html
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$POR charts

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com


$POR company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/POR/company-info
Ticker: $POR
OTC Market Place: Not Available
CIK code: 0000784977
Company name: Portland General Electric Co.
Incorporated In: OR, USA


$POR share structure

## source: otcmarkets.com

Market Value: $3,072,075,916 a/o Dec 26, 2014
Shares Outstanding: 78,209,672 a/o Oct 23, 2014
Float: Not Available
Authorized Shares: Not Available
Par Value: No Par Value
$POR extra dd links

Company name: Portland General Electric Co.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/POR/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/POR/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=POR+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=POR+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=POR+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/POR/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/POR/news - http://finance.yahoo.com/q/h?s=POR+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/POR/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/POR/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/POR/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/POR/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/POR/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/POR/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/POR/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/POR/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=POR+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/POR
DTCC (dtcc.com): http://search2.dtcc.com/?q=Portland+General+Electric+Co.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Portland+General+Electric+Co.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Portland+General+Electric+Co.&x=0&y=0

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/POR/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/POR
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/POR/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/POR/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/POR/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000784977&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/POR/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/POR/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/POR/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/POR/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=POR&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=POR
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/POR/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=POR+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=POR+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=POR
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=POR
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=POR+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/POR/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=POR+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/POR.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=POR
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/POR/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/POR/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/POR/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/POR/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/POR
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/POR
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/POR:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=POR
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=POR



$POR DD Notes ~ http://www.ddnotesmaker.com/POR

POR$

I wouldn't get in now but it ius a great company. GThe other energy stock I have is POM

~ Monday! $POR ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $POR ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=POR&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=POR&p=W&b=3&g=0&id=p54550695994



~ Google Finance: http://www.google.com/finance?q=POR
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=POR#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=POR+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=POR
Finviz: http://finviz.com/quote.ashx?t=POR
~ BusyStock: http://busystock.com/i.php?s=POR&v=2


<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=POR >>>>>>



http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.

I got in at 19.80 but will add anytime it goes under 24.

This is a nice defensive stock

POR has been showing support around 22.72 and resistance in the 24.49 price range. MACD shows that it is BULLISH in short-term; and NEUTRAL in mid-long term.

Check here:
'http://www.stoxline.com/quote.php?symbol=por'

Good time to get in. This is a long play

http://www.newsystocks.com/News/4105984/portland-general-electric-company-por-upgraded-by-williams-capital-to-buy

POR is working with Small cap power

http://www.zacks.com/research/get_news.php?id=182l2594

Some analysts project to 27.00. I suggest monitoring then buy in at around 24 or less. Either way the divy is good

It's good now at 25.31 Maybe entry level at 24.00.
I suggest observing then geting in at 24 or less. I got in at 18.80 and am very satisfied. The divy is nice and I think there is good potential for growth.

Divy was raised to 1.06

I want to get some action on POR I think it's a good long term investment

http://ih.advfn.com/

posting to be moderator

This is a long stock. 1.06 Divy. Not sure if at this price a good entry point but good to monitor. I would by more if it went under 22.00

This is a long stock. 1.06 Divy.