Portland General Electric Investor Presentation — October 2021

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EARNINGS CONFERENCE CALL

THIRD QUARTER 2021Exhibit 99.22Information Current as of October 29, 2021

Except as expressly noted, the information in this presentation is current as of October 29, 2021 —the date on which PGE filed its Quarterly Report on Form 10 -Q for the

quarter ended September 30, 2021 —and should not be relied upon as being current as of any subsequent date. PGE undertakes no d uty 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 S ection 21E of the Securities Exchange Act of

1934, as amended. These forward -looking statements represent our estimates and assumptions as of October 29, 2021. The Company assumes 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," “assumes,” "believes," "conditioned upon," "estimates," "expects," "intend s,"“plans,” “projected,” "promises," “seeks,”

"should," and similar expressions. Investors are cautioned that any such forward -looking statements are subject to risks and unc ertainties, including, without

limitation: demand for electricity; the sale of excess energy during periods of low demand or low wholesale market prices; operational ri sks relating to the Company's

generation and battery storage facilities, including hydro conditions, wind conditions, disruption of transmission and distri bution, 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 in the Company's inability to recover p roject costs; the costs of compliance with

environmental laws and regulations, including those that govern emissions from thermal power plants; changes in weather, hydr oelectric and energy market conditions,

which could affect the availability and cost of purchased power and fuel; the development of alternative technologies; change s in capital and credit market conditions, which