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Investor Presentaiton

Changing generation portfolio PGE's evolving generation portfolio now enables PGE to meet 100% of its customers' energy needs MWh 20,000 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 Sources of Power(1) 2013 2014 2015 2016 2017 ■Wind & Solar ■ Hydro ■Coal ■Natural Gas 2018E Purchased Power Changes driven by: • New generation: Port Westward Unit 2 (natural gas, Q4 2014), Tucannon River (wind, Q4 2014), and Carty (natural gas, July 2016) • Next requirements under Oregon's RPS (requiring a portion of PGE's retail load to be serviced by renewable resources): 20% by 2020, 27% by 2025, 35% by 2030, 45% by 2035 and 50% by 2040 Note: Hydro and wind/solar include PGE owned and contracted resources 1) Based on forecasts in PGE's Annual Update Tariff filing. Portland General Electric 25 25
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