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      <filer>
        <filerCredentials>
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          <ccc>XXXXXXXX</ccc>
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      <secFileNumber>001-05532-99</secFileNumber>
      <issuerAddress>
        <com:street1>121 SW SALMON ST</com:street1>
        <com:street2>1WTC0501</com:street2>
        <com:city>PORTLAND</com:city>
        <com:stateOrCountry>OR</com:stateOrCountry>
        <com:zipCode>97204</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>5034648000</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Mersereau Anne Frances</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Officer</relationshipToIssuer>
      </relationshipsToIssuer>
    </issuerInfo>
    <securitiesInformation>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>Fidelity Brokerage Services LLC</name>
        <address>
          <com:street1>900 Salem Street</com:street1>
          <com:city>Smithfield</com:city>
          <com:stateOrCountry>RI</com:stateOrCountry>
          <com:zipCode>02917</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>1071</noOfUnitsSold>
      <aggregateMarketValue>50155.47</aggregateMarketValue>
      <noOfUnitsOutstanding>101094514</noOfUnitsOutstanding>
      <approxSaleDate>08/04/2023</approxSaleDate>
      <securitiesExchangeName>NYSE</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>02/17/2021</acquiredDate>
      <natureOfAcquisitionTransaction>Performance Shares</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>535</amountOfSecuritiesAcquired>
      <paymentDate>02/17/2021</paymentDate>
      <natureOfPayment>Compensation</natureOfPayment>
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    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>02/13/2022</acquiredDate>
      <natureOfAcquisitionTransaction>Restricted Stock Vesting</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>536</amountOfSecuritiesAcquired>
      <paymentDate>02/13/2022</paymentDate>
      <natureOfPayment>Compensation</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <noticeSignature>
      <noticeDate>08/04/2023</noticeDate>
      <signature>/s/ Daniel Tucci, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Anne Mersereau</signature>
    </noticeSignature>
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144
0001663086
XXXXXXXX
LIVE
0000784977
PORTLAND GENERAL ELECTRIC CO /OR/
001-05532-99
121 SW SALMON ST
1WTC0501
PORTLAND
OR
97204
5034648000
Mersereau Anne Frances
Officer
Common
Fidelity Brokerage Services LLC
900 Salem Street
Smithfield
RI
02917
1071
50155.47
101094514
08/04/2023
NYSE
Common
02/17/2021
Performance Shares
Issuer
N
535
02/17/2021
Compensation
Common
02/13/2022
Restricted Stock Vesting
Issuer
N
536
02/13/2022
Compensation
Y
08/04/2023
/s/ Daniel Tucci, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Anne Mersereau