Portland General Electric Investor Presentation — September 2020

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Portland General Electric

This presentation includes information contained in the business update provided by the Company in

its Current Report on Form 8 -K filed with the Securities and Exchange Commission on September 2,

2020 Exhibit 99.2Cautionary statements

Information Current as of September 2, 2020

Except as expressly noted, the information in this presentation is current as of September 2, 2020 —the date on which PGE fil ed its Form 8 -K —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 2 1E of the Securities Exchange Act of 1934, as

amended. Forward -looking statements include statements regarding earnings guidance; statements regarding future load, hydro cond itions and operating and maintenance costs;

statements concerning implementation of the company’s integrated resource plan; statements concerning future compliance with regulations limiting emissions from generation

facilities and the costs to achieve such compliance; as well as other statements containing words such as “anticipates,” “bel ieves,” “intends,” “estimates,” “promises,” “expects,”

“should,” “conditioned upon,” and similar expressions. Investors are cautioned that any such forward -looking statements are subj ect to risks and uncertainties, including, without

limitation: the outcome of the review being conducted by the Special Committee; the impact of the recommendations of the Spec ialCommittee on the Company and its operations;

the time and expense incurred in implementing the recommendations of the Special Committee; any reputational damage to the Co mpany 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 m arket prices; operational risks relating to the

Company's generation facilities, including hydro conditions, wind conditions, disruption of fuel supply, and unscheduled plan t 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 project costs; the costs of compliance with environmental laws and regulat ions, including those that govern emissions from thermal