Portland General Electric Company POR announced today the
pricing of a public offering of 11.1 million shares of its common stock
at $29.50 per share in connection with the forward sale agreement
described below. The underwriters have been granted an option to
purchase up to an additional 1.665 million shares of PGE's common stock.
The offering is being made under PGE's existing shelf registration
statement.
In connection with the offering, PGE entered into a forward sale
agreement with an affiliate of Barclays Capital Inc. (“Barclays”) under
which PGE agreed to issue and sell to Barclays (subject to PGE's right
to cash settle or net share settle the forward sale agreement) the same
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