Macquarie Upgrades Portland General Electric Company (POR) to Neutral

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Go back to Macquarie Upgrades Portland General Electric Company (POR) to Neutral

Portland General Electric (POR) Plans 11.1M Common Stock Offering

June 10, 2013 4:46 PM EDT

Portland General Electric Company (NYSE: POR) announced today that it plans to commence a registered underwritten public offering of up to 11.1 million shares of its common stock. Subject to certain market conditions, these shares will be sold in connection with a forward sale agreement, as discussed below. The underwriters will be granted an option to purchase up to an additional 1.665 million shares of PGEs common stock.

The offering will be made under PGEs existing shelf registration statement filed with the Securities and Exchange... More