Portland General Electric Prices 11.1M Share Offering at $29.50/Share

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 See full press release