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Portland General Electric EARNINGS CONFERENCE CALL THIRD QUARTER 2020Exhibit 99.2
Portland General Electric
EARNINGS CONFERENCE CALL
THIRD QUARTER 2020Exhibit 99.2Cautionary statement
2Information Current as of October 30, 2020
Except as expressly noted, the information in this presentation is current as of October 30, 2020 —the date on which PGE filed its Quarterly Report on Form 10 -Q for the quarter ended
September 30, 2020 —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 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 Section 21E of t he Securities Exchange Act of 1934, as amended. Forward -looking
statements include statements regarding the Company's full -year earnings guidance (including expectations regarding annual retai l deliveries, average hydro conditions, wind generation,
normal thermal plant operations, operating and maintenance expense and depreciation and amortization expense) as well as othe r statements containing words such as "anticipates,"
"believes," "intends," "estimates," "promises," "expects," "should," "conditioned upon," and similar expressions. Investors a re cautioned that any such forward -looking statements are subject
to risks and uncertainties, including, without limitation: the outcome of the review being conducted by the Special Committee relating to energy trading losses; the impact of the
recommendations of the Special Committee on the Company and its operations; the time and expense incurred in implementing the recommendations of the Special Committee; any
reputational damage to the Company relating to the matters underlying the Special Committee's review; demand 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 facilities, including hydro conditions, w indconditions, disruption of fuel supply, and unscheduled plant
outages, which may result in unanticipated operating, maintenance and repair costs, as well as replacement power costs; failu re to complete capital projects 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 com pliance with environmental laws and regulations, including those
that govern emissions from thermal power plants; changes in weather, hydroelectric and energy markets conditions, 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 capital and result in delay or cancella tion of capital projects; the outcome of various legal and regulatory
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