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Portland General Electric Declares Dividend



  Portland General Electric Declares Dividend

Business Wire

PORTLAND, Ore. -- October 30, 2013

On October 30, 2013, the board of directors of Portland General Electric
Company (NYSE:POR) declared a quarterly common stock dividend of 27.5 cents
per share, unchanged from last quarter’s dividend of 27.5 cents per share.

The company’s dividend is evaluated based on capital requirements and
financial performance. Over the long term, PGE targets a dividend payout ratio
of 50 to 70 percent.

The dividend is payable on or before January 15, 2014 to shareholders of
record at the close of business on December 26, 2013.

About Portland General Electric Company

Portland General Electric, headquartered in Portland, Ore., is a fully
integrated electric utility that serves approximately 834,000 residential,
commercial and industrial customers in Oregon. Visit our website at
www.PortlandGeneral.com.

POR-F

Source: Portland General Electric Company

Contact:

Portland General Electric
Media Contact:
Public Information Officer
Steve Corson, 503-464-8444
or
Investor Contact:
Director, Investor Relations
Bill Valach, 503-464-7395
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