PORTLAND GENERAL ELECTRIC CO OR

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934

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Notice of Virtual Annual Meeting of Shareholders

Date & Time

Friday, April 18, 2025 at 8:00 a.m. Pacific

Virtual meeting Location

https://virtualshareholdermeeting.com/POR2025

There will be no physical location for shareholders to attend.

Record Date

February 18, 2025

You can vote if you were a shareholder of record on February 18, 2025.

ITEMS OF BUSINESS

WAYS TO VOTE

For the Board of Directors,

Sujata Pagedar

Corporate Secretary

Annual Meeting of Shareholders to be held on April 18, 2025As permitted under SEC rules, we are mailing our shareholders a Notice of Internet Availability of Proxy Materials containing instructions on how to access our proxy materials and submit proxy votes online. Our Proxy Statement and 2024 Annual Report are available on our website at https://investors.portlandgeneral.com/financial-information/annual-reports.You may also access our proxy materials at https://proxyvote.com.We are making the Proxy Statement and the form of proxy first available on or about March 5, 2025.

Table of Contents to the Proxy Statement