Portland General Electric Announces Common Stock Offering

Portland, Oregon - In a move to bolster its energy portfolio, Portland General Electric Company (NYSE: POR) has announced the pricing of a public offering of 9,467,455 shares of its common stock, according to a press release from the company. The offering, which is being made through an underwritten public offering, will provide additional capital for PGE to invest in its integrated energy business. The company plans to use the proceeds for general corporate purposes, which may include funding capital expenditures, working capital, and potential future acquisitions. 'This offering will strengthen our balance sheet and provide us with greater financial flexibility to continue investing in the clean energy transition and serving our customers,' said Maria Pope, President and CEO of Portland General Electric. 'We remain committed to delivering safe, reliable and affordable energy while advancing our sustainability goals.' The news comes as the maritime industry continues to grapple with the shift towards renewable energy sources and decarbonization efforts. Power generation and distribution are critical components of the supply chain, and PGE's move signals its intention to play a key role in supporting the industry's energy needs. The offering is expected to close on February 20, 2026, subject to customary closing conditions. BofA Securities and Wells Fargo Securities are acting as joint book-running managers for the offering.