Investor Presentaiton

Reliability and resiliency investments $1,150 $415 Capital expenditures forecast $750 $775 $800 $725 $750 $100 $100 $100 $130 $100 $210 $475 $505 $530 $555 $580 $410 $130 $130 $120 $120 $120 $120 2022 2023 Generation 2024 ■Transmission and Distribution 2025 ■General Business and Technology 2026 2027 ■Clearwater Wind PGE Note: Dollar values in millions. Capital expenditures exclude allowance for funds used under construction. These are projections based on assumptions of future investment. Actual amounts expended will depend on various factors and may differ materially from the amounts reflected in this capital expenditure forecast. 8

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