News Release Details

Portland General Electric Announces Dividend Reinvestment and Direct Stock Purchase Plan

April 1, 2011 at 8:30 AM EDT

PORTLAND, Ore.--(BUSINESS WIRE)-- Portland General Electric Company (NYSE: POR) announced today that it has adopted a Dividend Reinvestment and Direct Stock Purchase Plan (the Plan). The Plan enables shareholders to reinvest their cash dividends in, and purchase additional shares of, Portland General common stock directly from the Company.

Shareholders enrolled in the Plan will have the option to buy additional shares by automatically reinvesting all or a portion of Portland General's cash dividends or by making additional cash investments. The Plan will be administered by American Stock Transfer & Trust Company (AST), Portland General's transfer agent. Shareholders and other persons may obtain a copy of the Plan prospectus and an enrollment form by contacting AST toll-free at (866)-621-2788 or visiting the AST website at www.amstock.com.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities. The offer is being made solely through the Plan prospectus.

About Portland General Electric Company

Portland General Electric, headquartered in Portland, Ore., is a fully integrated electric utility that serves approximately 821,000 residential, commercial and industrial customers in Oregon. Visit our Web site at www.PortlandGeneral.com.

POR-F

Portland General Electric Company
Media Contact:
Gail Baker, 503-464-8693
Portland General Electric Company
Director, Corporate Communications
or
Investor Contact:
Bill Valach, 503-464-7395
Director, Investor Relations

Source: Portland General Electric Company

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