UNITED ~~STATES~~STATESSECURITIES AND EXCHANGE COMMISSIONWASHINGTON, D.C. 20549

SECURITIESFORM AND EXCHANGE COMMISSION8-K

~~Washington,~~CURRENT ~~D.C. 20549~~REPORT

~~FORM~~Pursuant ~~8-K~~to Section 13 or 15(d) of the Securities Exchange Act of 1934

~~CURRENT~~Date ~~REPORT~~of Report (Date of earliest event reported): December 23, 2025

~~Pursuant~~Portland toGeneral ~~Section~~Electric ~~13 or 15(d) of The Securities Exchange Act of 1934~~Company

~~Date of Report~~ (~~Date~~Exact name of ~~earliest~~Registrant ~~event~~as ~~reported):~~Specified ~~October~~in ~~31,~~Its ~~2025~~ Charter)

PORTLAND GENERAL ELECTRIC COMPANY
Oregon	001-5532-99	93-0256820
(Exact name of registrant as specified in its charter)
(State or Other Jurisdictionof Incorporation)	(Commission File Number)	(IRS EmployerIdentification No.)
Oregon	001-5532-99		93-0256820
121 SW Salmon Street
(State or other jurisdictionof incorporation)	(CommissionFile Number)		(I.R.S. Employer Identification No.)
Portland, Oregon		97204
(Address of Principal Executive Offices)		(Zip Code)

~~121~~Registrant’s SWTelephone ~~Salmon Street~~Number, ~~Portland,~~Including ~~Oregon~~Area ~~97204~~Code: 503 464-8000

(~~Address~~Former ofName ~~principal~~or ~~executive~~Former ~~offices~~Address, ~~including~~if ~~zip~~Changed ~~code~~Since Last Report)

~~Registrant’s~~Check ~~telephone~~the ~~number,~~appropriate ~~including~~box ~~area~~below ~~code:~~if ~~(503)~~the ~~464~~Form 8-~~8000~~K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

~~Check~~☐Written ~~the~~communications ~~appropriate~~pursuant ~~box below if the Form 8-K filing is intended~~ to ~~simultaneously~~Rule ~~satisfy~~425 ~~the~~under ~~filing obligation of~~ the ~~registrant~~Securities ~~under~~Act ~~any~~(17 ofCFR ~~the following provisions:~~230.425)

☐ ~~Written~~Soliciting ~~communications~~material pursuant to Rule ~~425~~14a-12 under the ~~Securities~~Exchange Act (17 CFR ~~230~~240.~~425~~14a-12)

☐ ~~Soliciting~~Pre-commencement ~~material~~communications pursuant to Rule ~~14a~~14d-122(b) under the Exchange Act (17 CFR 240.~~14a~~14d-122(b))

☐ Pre-commencement communications pursuant to Rule ~~14d~~13e-24(bc) under the Exchange Act (17 CFR 240.~~14d~~13e-24(bc))

~~☐ Pre-commencement~~Securities ~~communications~~registered pursuant to ~~Rule~~Section ~~13e-4~~12(cb) ~~under~~of the ~~Exchange~~ Act ~~(17 CFR 240.13e-4(c))~~:

~~Securities~~Title ~~registered~~of ~~pursuant~~each toclass ~~Section 12~~TradingSymbol(bs) Name of ~~the~~each ~~Act:~~exchange on which registered Common Stock, no par value POR New York Stock Exchange

~~(Title~~Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of ~~class)~~the ~~(Trading~~Securities ~~Symbol)~~Act of 1933 (~~Name~~§ 230.405 of ~~exchange~~this onchapter) ~~which~~or ~~registered)~~Rule ~~Common~~12b-2 ~~Stock,~~of nothe ~~par~~Securities ~~value~~Exchange ~~POR~~Act ~~New~~of ~~York~~1934 ~~Stock~~(§ 240.12b-2 ~~Exchange~~of this chapter).

~~Indicate~~Emerging ~~by check mark whether the registrant is an emerging~~ growth company ~~as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.~~☐

~~Emerging~~If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

IfItem an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act8.01 [Other ]Events.

~~Item~~On 2December 23, 2025, Portland General Electric (PGE, or the Company) and certain intervening parties (Stipulating Parties) submitted a stipulation to the Public Utility Commission of Oregon (OPUC) reflecting an agreement that resolves all issues, with the exception of the application of an earnings test as proposed by intervening parties, in PGE's request for recovery in UE 459 related to the Company’s Distribution System Plan (DSP) Alternative Recovery Mechanism (ARM).~~02 Results~~ The settlement and submitted stipulation were supported by a memorandum of ~~Operations~~understanding (MOU) entered into between PGE and ~~Financial~~key ~~Condition~~regulatory stakeholders. The MOU limited the scope of the ARM to specific capital investments included in the DSP docket (UM 2362) filed December 2024, which enable network modernization, reliable customer service and integration of clean energy and distributed energy resources.

~~The~~Primary ~~following~~components ~~information~~of isthe ~~furnished~~stipulation ~~pursuant to Item 2.02.~~include:

•

OnA ~~October 31,~~rate ~~2025,~~base ~~Portland~~increase ~~General~~of ~~Electric~~$218 Company (the Company) issued a press release announcing its financial results for the three and nine months ended September 30, 2025. The press release is furnished herewith as Exhibit 99.1 to this Report.million;

•

~~Item 7~~9.~~01 Regulation~~34% FDreturn ~~Disclosure.~~on equity (ROE) per the MOU reflecting PGE's last rate case;

•

~~The~~An ~~following~~annual ~~information~~revenue isrequirement ~~furnished~~increase ~~pursuant~~of $57 million, compared to ~~Item~~PGE's 7filed request of $72 million.~~01.~~

AtOf ~~11:00~~the ~~a.m.~~$15 ETmillion onof ~~Friday,~~revenue ~~October 31~~requirement adjustments, ~~2025~~approximately 87% are temporary in nature, ~~the~~allowing ~~Company~~PGE ~~will~~to ~~hold~~seek recovery of associated investments as applicable in its ~~quarterly~~next ~~earnings~~general ~~call~~rate ~~and~~case ~~webcast,~~(GRC). ~~and~~These ~~will~~adjustments ~~use~~are adriven ~~slide~~primarily ~~presentation~~by innon-distribution ~~conjunction~~investments ~~with~~and ~~the~~are ~~earnings~~not ~~call~~attributable to specific assets. APer ~~copy~~the ofpreviously noted MOU reached with stakeholders, the ~~slide~~earliest ~~presentation~~possible israte ~~furnished~~effective ~~herewith~~date asof ~~Exhibit~~PGE's ~~99.2~~next toGRC ~~this~~is ~~Report~~May 1, 2027.

~~Item~~The 9terms of the stipulation remain subject subject to OPUC approval.~~01 Financial~~ ~~Statements~~The ~~and~~OPUC ~~Exhibits~~has adopted a procedural schedule for the regulatory review process in Docket UE 459 that anticipates an order in March 2026, with customer prices effective April 1, 2026. PGE cannot predict the ultimate outcome of the regulatory process.

(d)						Exhibits.
99.1						Third Quarter Financial Results Press Release issued by Portland General Electric Company dated October 31, 2025.
99.2						Portland General Electric Company Third Quarter 2025 Slides dated October 31, 2025.
104						Cover page information from Portland General Electric Company’s Current Report on Form 8-K filed October 31, 2025, formatted in iXBRL (Inline Extensible Business Reporting Language).

More information about the DSP ARM is available on the OPUC website at www.oregon.gov/puc.

~~SIGNATURE~~SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned ~~thereunto~~hereunto duly authorized.

PORTLAND GENERAL ELECTRIC COMPANY

~~PORTLAND GENERAL ELECTRIC COMPANY~~

(Registrant)

Date:

December 23, 2025

By:

/s/ Joseph R. Trpik

Date:

October 31, 2025

By:

/s/ Joseph R. Trpik

Joseph R. TrpikSenior Vice President, Financeand Chief Financial Officer

Joseph R. Trpik

Senior Vice President, Financeand Chief Financial Officer

Filing Compare · PORTLAND GENERAL ELECTRIC CO /OR/