Portland General Electric Company (POR) AGM 2026 summary

Opening remarks and agenda

• Chair welcomed shareholders and outlined the meeting structure, including voting and Q&A procedures.

• Emphasis placed on the company's strong performance and future plans for 2026.

Financial performance review

• Reported GAAP net income of $306 million ($2.77 per diluted share) and non-GAAP net income of $336 million ($3.05 per share) for 2025.

• Achieved 4.7% load growth in 2025, driven by data centers, high-tech, and residential customers.

• Exceeded savings targets and maintained flat operations and maintenance budgets.

Board and executive committee updates

• Juan Gallegos joined as VP of People and Culture and Chief Human Resources Officer in 2025.