Portland General Electric Declares Dividend

PORTLAND, Ore.–(BUSINESS WIRE)–On Feb. 14, 2018, the board of directors of Portland General Electric
Company (NYSE: POR) declared a quarterly common stock dividend of 34
cents per share, unchanged from last quarter’s dividend.

The company’s dividend is evaluated based on capital requirements and
financial performance. Over the long term, PGE targets a dividend payout
ratio of 50 to 70 percent.

The dividend is payable on or before April 16, 2018 to shareholders of
record at the close of business on March 26, 2018.

About Portland General Electric Company

Portland General Electric, headquartered in Portland, Ore., is a fully
integrated electric utility that serves approximately 875,000
residential, commercial and industrial customers in 51 cities. For more
than 125 years, PGE has been delivering safe, reliable energy to
Oregonians. With approximately 2,900 employees across the state, PGE is
committed to building a cleaner, more efficient energy future. Together
with its customers, PGE has the number one voluntary renewable energy
program in the U.S. For more information visit PortlandGeneral.com.

Contacts

Portland General Electric Company
Media Contact:
Melanie
Erdmann, 503-464-8790
Corporate Communications
or
Investor
Contact:
Chris Liddle, 503-464-7458
Manager, Investor
Relations and Treasury