Every 424B that Portland General (POR) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow POR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full POR filings page.
Portland General Electric Company is offering 9,467,455 shares of common stock through underwriters via forward sale agreements with affiliates of Wells Fargo Securities and BofA Securities.
The company will not initially receive proceeds from the borrowed shares; it expects to physically settle the forwards and may receive net proceeds (assumed $466,200,206 in this supplement) in one or more settlements on or before February 22, 2028. The offering includes a 30-day option for an additional 1,380,670 shares. Shares outstanding were 115,559,079 as of December 31, 2025.
Portland General Electric Company plans a primary offering of $480,000,000 of common stock through forward sale agreements, with underwriters holding an option for up to an additional $70,000,000 of common stock. The company will initially receive no cash, but expects to physically settle the forward sales and receive proceeds by February 22, 2028, unless it elects cash or net share settlement.
PGE has also agreed to acquire PacifiCorp’s Washington transmission, distribution and certain generation assets serving about 140,000 customers for $1.9 billion in cash, subject to adjustments. The deal requires approvals from Washington and Oregon regulators and will be financed with up to $600 million of equity from partners and the balance with new debt facilities, including a committed $1.9 billion bridge loan.
Portland General Electric is registering an at-the-market equity program to sell up to $500.0 million of common stock, including potential forward sale agreements, with agents earning up to 2% commissions. Proceeds are earmarked for general corporate needs, renewable and non-emitting capacity investments, debt repayment and potential acquisitions.
The company recently agreed to acquire PacifiCorp’s Washington transmission, distribution and several gas and wind generation assets serving about 140,000 customers for $1.9 billion in cash. Financing is expected to include up to $600 million of equity from John Hancock and Manulife, plus a $1.9 billion bridge facility and a $681 million term loan facility.