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Investor Presentaiton

Attractive, growing service area • • Near-term economic uncertainty driven by COVID-19 pandemic While annual rates of growth may fluctuate, we continue to project long term load growth of 1% (1) Oregon's annual GDP growth averaged 2.9% over the past two decades(2) Oregon ranked 10th nationally in the rate of net in-migration for 2019(3) Forecasted long-term industrial sector growth driven by high tech and data centers (1) Forecasted growth until 2028 (2) U.S. Bureau of Economic Analysis (3) State of Oregon Employment Department LO 5 (4) Sector load growth shown is net of energy efficiency 2,600 2,400 2,200 2,000 Energy Deliveries, MWa 1,800 1,600 $1,400 1,200 1,000 800 600 400 200 1.20 1.15 1.10 1.05 1.00 0.95 | | | | | | | 0.90 0.85 0.80 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Residential Commercial Industrial Growth Net of EE Cumulative Growth Energy Deliveries Growth, Indexed 2019=1 PGE
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