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Portland General Electric EARNINGS CONFERENCE CALL SECOND QUARTER 2021Exhibit 99.2
Portland General Electric
EARNINGS CONFERENCE CALL
SECOND QUARTER 2021Exhibit 99.22Information Current as of July 30, 2021
Except as expressly noted, the information in this presentation is current as of July 30, 2021 —the date on which PGE filed it s Quarterly Report on Form 10 -Q for the quarter
ended June 30, 2021 —and should not be relied upon as being current as of any subsequent date. PGE undertakes no duty to update this presentation, except as may be
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. These forward -looking statements represent our estimates and assumptions as of July 30, 2021. The Company ass umes no obligation to update or
revise any forward -looking statement as a result of new information, future events or other factors.
Forward -looking statements include statements regarding the Company's full -year earnings guidance (including expectations regard ing annual retail deliveries, average
hydro conditions, wind generation, normal thermal plant operations, operating and maintenance expense and depreciation and am ortization expense) as well as other
statements containing words such as "anticipates," "believes," "intends," "estimates," "promises," "expects," "should," "cond itioned upon," and similar expressions. Investors
are cautioned that any such forward -looking statements are subject to risks and uncertainties, including, without limitation: d emand for electricity; the sale of excess energy
during periods of low demand or low wholesale market prices; operational risks relating to the Company's generation facilitie s, 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 projects on schedule or within budget, or the abandonment of capital projects, which could result inthe Company's inability to recover project
costs; the costs of compliance with environmental laws and regulations, including those that govern emissions from thermal po wer plants; changes in weather, hydroelectric
and energy market conditions, which could affect the availability and cost of purchased power and fuel; the development of al ternative technologies; changes in capital and
credit market conditions, which could affect the access to and availability of cost of capital and result in delay or cancell ation of capital projects or execution of the
Company’s strategic plan as currently envisioned; the outcome of various legal and regulatory actions; general economic and f inancial market conditions; severe weather
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