Portland General Electric Investor Presentation — July 2020

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Portland General Electric

Second quarter 2020Exhibit 99.22Cautionary statement

Information Current as of July 31, 2020

Except as expressly noted, the information in this presentation is current as of July 31, 2020 —the date on which PGE filed it s Quarterly Report on Form 10 -Q for the

quarter ended June 30, 2020 —and should not be relied upon as being current as of any subsequent date. PGE undertakes no duty t o update this presentation, except as

may be required by law.

Forward -Looking Statements

Statements in this presentation that relate to future plans, objectives, expectations, performance, events and the like may c onstitute “forward -looking statements” within the

meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and S ection 21E of the Securities Exchange Act of

1934, as amended. Forward -looking statements include statements regarding earnings guidance; statements regarding future load, h ydro conditions and operating and

maintenance costs; statements concerning implementation of the company’s integrated resource plan; statements concerning futu re compliance with regulations limiting

emissions from generation facilities and the costs to achieve such compliance; as well as other statements containing words s uchas “anticipates,” “believes,” “intends,”

“estimates,” “promises,” “expects,” “should,” “conditioned upon,” and similar expressions. Investors are cautioned that any s uchforward -looking statements are subject to

risks and uncertainties, including reductions in demand for electricity; the sale of excess energy during periods of low dema nd or low wholesale market prices; operational

risks relating to the company’s generation facilities, including hydro conditions, wind conditions, disruption of fuel supply , and unscheduled plant outages, which may result

in unanticipated operating, maintenance and repair costs, as well as replacement power costs; failure to complete capital pro jects on schedule or within budget, or the

abandonment of capital projects, which could result in the company’s inability to recover project costs; the costs of complia ncewith environmental laws and regulations,

including those that govern emissions from thermal power plants; changes in weather, hydroelectric and energy markets conditi ons, which could affect the availability and

cost of purchased power and fuel; changes in capital market conditions, which could affect the availability and cost of capit al and result in delay or cancellation of capital

projects; the outcome of various legal and regulatory proceedings; general economic and financial market conditions; severe w eather conditions, wildfires, and other