-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LvGcGbZ//CRvuZOeqidpxZjzczL9LQhuIv8teE25mCP4up42upoaIT74EvwpBKdw 6FJZZSu7xtTSuHLxqAk/rQ== 0000950134-09-007415.txt : 20090413 0000950134-09-007415.hdr.sgml : 20090413 20090413153630 ACCESSION NUMBER: 0000950134-09-007415 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20090413 DATE AS OF CHANGE: 20090413 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PORTLAND GENERAL ELECTRIC CO /OR/ CENTRAL INDEX KEY: 0000784977 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 930256820 STATE OF INCORPORATION: OR FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-143472 FILM NUMBER: 09746588 BUSINESS ADDRESS: STREET 1: 121 SW SALMON ST STREET 2: 1WTC0501 CITY: PORTLAND STATE: OR ZIP: 97204 BUSINESS PHONE: 5034647779 MAIL ADDRESS: STREET 1: 121 SW SALMON STREET CITY: PORTLAND STATE: OR ZIP: 97204 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PORTLAND GENERAL ELECTRIC CO /OR/ CENTRAL INDEX KEY: 0000784977 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 930256820 STATE OF INCORPORATION: OR FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 121 SW SALMON ST STREET 2: 1WTC0501 CITY: PORTLAND STATE: OR ZIP: 97204 BUSINESS PHONE: 5034647779 MAIL ADDRESS: STREET 1: 121 SW SALMON STREET CITY: PORTLAND STATE: OR ZIP: 97204 FWP 1 v52074fpfwp.htm FREE WRITING PROSPECTUS fwp
Issuer Free Writing Prospectus
Filed pursuant to Rule 433 relating to
Registration Statement No. 333-143472
Portland General Electric Company
Pricing Term Sheet
$300,000,000 First Mortgage Bonds, 6.10% Series due 2019
April 13, 2009
     
Issuer:
  Portland General Electric Company (the “Company”)
 
    
Security:
  First Mortgage Bonds, 6.10% Series due 2019
 
    
Aggregate Principal Amount
Offered:
  $300,000,000 
 
    
Interest Payment Dates:
  April 15 and October 15, commencing October 15, 2009
 
    
Coupon:
  6.10% 
 
    
Maturity:
  April 15, 2019
 
    
Yield to Maturity:
  6.11% 
 
    
Spread to Benchmark Treasury:
  + 325 basis points
 
    
Benchmark Treasury:
  2.75% due February 15, 2019
 
    
Benchmark Treasury Yield:
  2.86% 
 
    
Optional Redemption
Provision:
  At any time at a discount rate of Adjusted Treasury Rate + 50 basis points
 
    
Price to Public:
  99.926% 
 
    
Settlement Date:
  April 16, 2009 (T+3)
 
    
CUSIP:
  736508 BQ4
 
    
ISIN:
  US736508BQ47
 
    
Anticipated Ratings:
  A by Standard & Poor’s Ratings Services and Baa1 by Moody’s Investors Service
 
    
Joint Book-Running Managers:
  Deutsche Bank Securities Inc.
Wachovia Capital Markets, LLC

 

 

     
Co-Managers
  Banc of America Securities LLC
BNY Capital Markets, Inc.
U.S. Bancorp Investments, Inc.
Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Deutsche Bank Securities Inc. at 1-800-503-4611 or calling Wachovia Capital Markets, LLC at 1-800-326-5897.

 

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