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Portland General Electric to offer 11.1M shares of common stock

In connection with the offering, PGE expects to enter into a forward sale agreement with an affiliate of Barclays Capital under which PGE will agree to issue and sell to Barclays the same number of shares of PGE's common stock sold by Barclays or its affiliate to the underwriters for sale in the underwritten public offering. Barclays Capital, J.P. Morgan, Wells Fargo Securities and BofA Merrill Lynch are acting as joint book-running managers for the offering. Morgan Stanley is acting as co-manager for the offering.