Portland General Electric Increases Dividend

PORTLAND, Ore.–(BUSINESS WIRE)–On April 25, 2018, the board of directors of Portland General Electric
Company (NYSE: POR) approved a 6.6 percent increase in the regular
quarterly common stock dividend to 36.25 cents per share, up from last
quarterÔÇÖs dividend of 34 cents per share. The dividend is payable on or
before July 16, 2018, to shareholders of record at the close of business
on June 25, 2018.

ÔÇ£TodayÔÇÖs declaration marks our twelfth consecutive annual dividend
increase since going public in 2006,ÔÇØ said Maria Pope, PGEÔÇÖs president
and CEO. ÔÇ£It is reflective of our commitment to provide a competitive
return for our investors; strong business fundamentals; and long-term
growth as we deliver reliable and clean energy and invest in a more
resilient and secure grid.ÔÇØ

The companyÔÇÖs dividend is approved quarterly by the board of directors
based on financial performance, capital requirements and other factors
influencing dividend decisions. Over the long term, PGE targets a
sustainable annual dividend increase of five to seven percent and a
dividend payout ratio of 50 to 70 percent.

About Portland General Electric Company

Portland General Electric (NYSE: POR) is a fully-integrated energy
company based in Portland, Oregon, serving approximately 877,000
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
Media Contact:
Melanie
Erdmann, 503-464-8790
Corporate Communications
or
Investor
Contact:
Chris Liddle, 503-464-7458
Investor Relations