Company Overview and Strategy - Portland General Electric (PGE) has approximately 900,000 retail customers within a service area of 2 million residents, with 75% of Oregon's commercial and industrial activity occurring in its service area[11] - PGE is committed to a 100% clean energy framework by 2040, mandated by HB 2021, with interim targets of 80% reduction in greenhouse gas emissions by 2030 and 90% by 2035[11] - The company aims for long-term EPS growth of 4% to 6% from a 2019 base year, and dividend growth of 5% to 7%[17] - PGE plans to reduce greenhouse gas emissions from power served to Oregon retail customers by at least 80% by 2030 and 100% by 2040[22, 56] Financial Performance and Investments - PGE's 2021 revenue was $2.4 billion, with diluted earnings per share of $2.72[11] - Net utility plant assets totaled $8.0 billion as of December 31, 2021[11, 12] - The company projects capital expenditures of $660 million in 2022, with approximately $405 million allocated to transmission and distribution, $110 million to generation, $110 million to general business and technology, and $35 million to the Integrated Operations Center[29, 30] - Total liquidity as of December 31, 2021, was $843 million, including $650 million in credit facilities, $141 million in letters of credit, and $52 million in cash[51, 52] Regulatory and Environmental Initiatives - PGE is seeking up to approximately 1,000 MW of renewable and non-emitting resources through a 2021 RFP, including 375 to 500 MW of renewables, 375 MW of non-emitting capacity, and 100 MW of renewables for the Green Future Impact program[33] - The company is targeting an 80% reduction in emitting resources by 2030, shifting from a 2022 resource mix of 49% gas, 21% hydro, 19% wind & solar, and 11% coal to 80% non-emitting resources[60, 62] - PGE is accelerating the depreciation of its 20% ownership interest (296 MW) in Colstrip units 3 and 4 by 2025 and retired the Boardman Coal plant in Q4 2020[69, 70]

Portland General Electric Company (NYSE:POR) Q4 2021 Earnings Conference Call February 17, 2022 11:00 AM ET Company Participants Jardon Jaramillo - Senior Director, Investor Relations, Treasury & Risk Management Maria Pope - President & CEO Jim Ajello - Senior Vice President-Finance, CFO & Treasurer Conference Call Participants Insoo Kim - Goldman Sachs Julien Smith - Bank of America David Peters - Wolfe Research Sophie Karp - KeyBanc Travis Miller - Morningstar Andy Levi - HITE Hedge Disclaimer*: This tran ...

Exhibit 99.2 Portland General Electric EARNINGS CONFERENCE CALL FOURTH QUARTER AND FULL YEAR 2021 Cautionary statement Information Current as of February 17, 2022 Except as expressly noted, the information in this presentation is current as of February 17, 2022 — the date on which PGE filed its Annual Report on Form 10-K for the year ended December 31, 2021 — and should not be relied upon as being current as of any subsequent date. PGE undertakes no duty to update this presentation, except as may be require ...

FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Name of exchange on which registered) Common Stock, no par value POR New York Stock Exchange For the Transition period from to Commission File Number 001-05532-99 PORTLAND GENERAL ELECTRIC COMPANY (Exact ...

Exhibit 99.2 Portland General Electric EARNINGS CONFERENCE CALL THIRD QUARTER 2021 Cautionary statement Information Current as of October 29, 2021 Except as expressly noted, the information in this presentation is current as of October 29, 2021 — the date on which PGE filed its Quarterly Report on Form 10-Q for the quarter ended September 30, 2021 — and should not be relied upon as being current as of any subsequent date. PGE undertakes no duty to update this presentation, except as may be required by law. ...

Portland General Electric Company (NYSE:POR) Q3 2021 Earnings Conference Call October 29, 2021 11:00 AM ET Company Participants Jardon Jaramillo – Senior Director-Investor Relations, Treasury and Risk Management Maria Pope – President and Chief Executive Officer Jim Ajello – Senior Vice President-Finance, Chief Financial Officer and Treasurer Conference Call Participants Insoo Kim – Goldman Sachs Julien Dumoulin-Smith – Bank of America David Peters – Wolfe Research Shah Pourreza – Guggenheim Partners Peter ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________________ to ____________________ Commission File Number: 001-5532-99 PORTLAND GENERAL ELECTRIC COMPANY (Exact name of registrant as specifi ...

Financial Data and Key Metrics Changes - The company reported net income of $32 million or $0.36 per diluted share for Q2 2021, down from $39 million or $0.43 per diluted share in Q2 2020 [6][20] - Total revenues increased by 14% due to higher retail energy deliveries and increased energy usage during the heat wave [7][20] - The company revised its earnings guidance to $2.70 to $2.85 per diluted share, up from $2.55 to $2.70, reaffirming long-term earnings growth guidance of 4% to 6% [6][29] Business Line Data and Key Metrics Changes - The company experienced a 70% increase in purchase power and fuel costs due to higher regional demand during extreme weather [20] - Weather-adjusted retail deliveries increased by 8%, indicating strong growth in industrial and commercial sectors [70] Market Data and Key Metrics Changes - Oregon's economy is recovering with a 5.6% unemployment rate in the Tri-County Portland area, down from over 6% in Q1 2021 [19] - The company anticipates above-average heat and wildfire potential due to drought conditions, impacting operational expenses for wildfire mitigation [29] Company Strategy and Development Direction - The company is focused on system hardening and resiliency, investing in grid infrastructure and disaster preparedness [10][12] - Recent clean energy legislation aims for an 80% reduction in greenhouse gas emissions by 2030 and 100% by 2040, aligning with the company's goals [13][83] - The company plans to expand its renewable energy portfolio and invest in electric vehicle infrastructure [91][96] Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of agility in responding to unprecedented weather events and the need for continuous assessment of risks [107] - The outlook for the second half of the year is optimistic, with expectations for continued economic recovery and load growth [29][55] Other Important Information - The company filed a general rate case with the Oregon Public Utilities Commission for a 3.9% price increase, reflecting nearly $1 billion in system upgrades [22][23] - The company has deferred $52 million related to expenses from February storms, expecting recovery approval in 2022 [25] Q&A Session Summary Question: What gives confidence in the raised guidance? - Management noted a $0.09 benefit from the first quarter and higher demand contributing to the confidence in the new guidance range [33][34] Question: Thoughts on 2022 earnings power? - Management indicated the need for more visibility into 2022 before discussing guidance, noting that O&M expenses are being managed effectively [35][36] Question: Conversations on additional investments for reliability? - Management emphasized ongoing collaboration with stakeholders to assess risks and improve reliability measures [37][38] Question: Insights on recent clean energy legislation? - Management highlighted the alignment of the legislation with the company's strategy and the potential for increased investment opportunities [81][83] Question: Clarification on transportation electrification strategy? - Management confirmed plans to expand infrastructure for EV charging stations and enhance system robustness [91][92]

Exhibit 99.2 Portland General Electric EARNINGS CONFERENCE CALL SECOND QUARTER 2021 Cautionary statement 2 Information Current as of July 30, 2021 Except as expressly noted, the information in this presentation is current as of July 30, 2021 — the date on which PGE filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2021 — and should not be relied upon as being current as of any subsequent date. PGE undertakes no duty to update this presentation, except as may be required by law. Forward- ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________________ to ____________________ Commission File Number: 001-5532-99 PORTLAND GENERAL ELECTRIC COMPANY (Exact name of registrant as specified in ...