Portland General Electric Company (POR) Proxy Filing summary

Executive summary

• Annual Meeting scheduled for April 24, 2026, with virtual attendance and voting options for shareholders of record as of February 23, 2026.

• Strategic focus on growth, operational excellence, clean energy, and customer value, highlighted by an 18% portfolio expansion through acquisition and significant investments in battery storage and renewables.

• 2025 saw 4.7% load growth, $1.14 billion in capital investments, and a continued 5%–7% long-term EPS growth target.

• Dividend per share increased from $1.70 to $2.08 between 2021 and 2025, a 5.1% CAGR.

Voting matters and shareholder proposals

• Shareholders to vote on: election of nine directors, advisory approval of executive compensation, ratification of Deloitte & Touche LLP as independent auditor, and other business.

• Board recommends voting FOR all proposals.

Board of directors and corporate governance

• Board comprises nine nominees with diverse backgrounds in utilities, technology, finance, and governance; 89% independent, average age 66, average tenure 4.4 years.

• Active board refreshment with five new directors since 2022.

• Annual election of directors by majority vote, no poison pill, no supermajority requirements, and robust stock ownership guidelines.

• Four standing committees: Audit and Risk, Compensation, Culture and Talent, Finance and Operations, and Nominating, Governance and Sustainability.

• Annual board and committee self-assessment, director orientation, and continuing education.