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Portland General Electric Secures $350 Million Credit Agreement

PUBLIC · PORMar 24, 2026

Amount Raised

$350 Million

Round Type

Debt Financing

PortlandEnergyRenewable Energy

Investors

CoBank, ACBMizuho Bank, Ltd.U.S. Bank National Association

Description

On March 23, 2026, Portland General Electric Company entered into an unsecured Credit Agreement allowing it to borrow up to $350 million. The funds will be used for capital expenditures and general corporate purposes. Borrowings can be made until September 23, 2026. The company plans to utilize a portion of the proceeds for upcoming capital projects.

Quick answer

Portland General Electric raised $350 Million in a Debt Financing round, dated March 24, 2026. Investors: CoBank, ACB, Mizuho Bank, Ltd. and U.S. Bank National Association. Portland General Electric is based in Portland, Oregon, United States.

How much did Portland General Electric raise?
Portland General Electric raised $350 Million in a Debt Financing round on March 24, 2026.
Who invested in Portland General Electric?
CoBank, ACB, Mizuho Bank, Ltd. and U.S. Bank National Association are named as investors in this round.
What does Portland General Electric do?
Portland General Electric (NYSE: POR) is a fully integrated energy company that generates, transmits and distributes electricity to over 900,000 customers in 51 cities across the state of Oregon.
Where is Portland General Electric based and how big is it?
Portland General Electric is based in Portland, Oregon, United States. Fundz records about 3,000 employees.
Who are the decision-makers at Portland General Electric?
Fundz holds 2 contacts at Portland General Electric, including the Head of Talent Management and Culture & Engagement. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Renewable Energy around the same time

Companies in the same sectors as Portland General Electric that raised within 45 days of this round, from Fundz verified event records.

  • Evolution Metals & Technologies raised $20M on May 7, 2026.
  • Moment Energy raised $40M (Series B) on May 5, 2026.
  • Torus raised $35M (Debt Financing) on April 30, 2026.
  • Power Grid Corporation of India raised $422M (Debt Financing) on April 30, 2026.
  • CleanDesign raised $20M on April 28, 2026.
  • Serenity Power raised $920K (Pre-Seed) on April 27, 2026.

Who to call at Portland General Electric, and when

A new round usually means Portland General Electric is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Portland General Electric

Location

121 SW Salmon St

Portland, Oregon, United States

About

Portland General Electric (NYSE: POR) is a fully integrated energy company that generates, transmits and distributes electricity to over 900,000 customers in 51 cities across the state of Oregon. For more than 130 years, Portland General Electric (PGE) has powered the advancement of society, delivering safe, affordable, reliable and increasingly clean energy. To deliver on its strategy and meet state targets, PGE and its approximately 3,000 employees are committed to partnering with stakeholders to achieve at least an 80% reduction in greenhouse gas emissions from power served to customers by 2030 and 100% reduction by 2040. PGE customers set the standard for prioritizing clean energy with the No. 1 voluntary renewable energy program in the country. Additionally, for the fifth year in a row, PGE was recognized by the Bloomberg Gender-Equality Index which highlights companies committed to creating a more equal and inclusive workplace. As a reflection of the company's commitment to the community it serves, in 2022, PGE employees, retirees and the PGE Foundation donated nearly $5.5 million and volunteered more than 18,000 hours with more than 400 nonprofits across Oregon. For more information visit www.PortlandGeneral.com/news.

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Related People

2 contacts
Verified contactsVicki N., Head of Talent Management and Culture &… hidden hiddenSee plans and pricing
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Portland General Electric raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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