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Investor Presentaiton

Clean and reliable energy future Key elements Transition Oregon off coal-fired generation by 2030 • Production Tax Credits included in annual power cost filings beginning with 2017 Pursue transportation electrification Long-term strategy Layered approach balances near-term and long-term risks and benefits for customers Incremental renewable actions by 2021 reduces near-term carbon emissions and puts PGE on track to meet Oregon's carbon reduction goal 50% 45% 1150 1050 35% 27% 20% MWa Renewable Additions 950 850 750 +200 MWa +150 MWa 650 550 450 2020 2025 2030 2035 2040 350 2020 2025 Renewable portfolio standard +175 MWa +250 MWa 2030 2035 2040 RPS Obligation Existing and New Renewables Portland General Electric 19
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