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Investor Presentaiton

Forecasted capital expenditures in millions(1) $640 Outlook • Support for continued customer growth $569 • $500 $500 $500 Upgrades and 2018 2019 2020 2021 2022 Ongoing Capital Expenditures 1) Does not include any capital related to the 2016 Renewable RFP . • replacement of aging generation, transmission and distribution equipment Strengthening the grid for natural disasters, cyber and physical security Building a smarter, more flexible grid to enable seamless integration of new technologies Portland General Electric 22 22
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