WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

  

<ARTICLE> UT
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED FINANCIAL STATEMENTS FILED ON FORM 10-Q FOR THE PERIOD ENDED
SEPTEMBER 30, 1994 FOR PORTLAND GENERAL CORPORATION AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000079636
<NAME> PORTLAND GENERAL CORP
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               SEP-30-1994
<BOOK-VALUE>                                  PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                    1,587,041
<OTHER-PROPERTY-AND-INVEST>                    307,111
<TOTAL-CURRENT-ASSETS>                         327,226
<TOTAL-DEFERRED-CHARGES>                     1,293,464
<OTHER-ASSETS>                                       0
<TOTAL-ASSETS>                               3,514,842
<COMMON>                                       188,579
<CAPITAL-SURPLUS-PAID-IN>                      558,721
<RETAINED-EARNINGS>                            109,736
<TOTAL-COMMON-STOCKHOLDERS-EQ>                 842,451
<PREFERRED-MANDATORY>                           50,000<F1>
<PREFERRED>                                     69,704
<LONG-TERM-DEBT-NET>                           892,513<F2>
<SHORT-TERM-NOTES>                               9,743
<LONG-TERM-NOTES-PAYABLE>                            0
<COMMERCIAL-PAPER-OBLIGATIONS>                 102,347
<LONG-TERM-DEBT-CURRENT-PORT>                   10,695
<PREFERRED-STOCK-CURRENT>                       10,000
<CAPITAL-LEASE-OBLIGATIONS>                      9,789
<LEASES-CURRENT>                                 2,276
<OTHER-ITEMS-CAPITAL-AND-LIAB>               1,515,324
<TOT-CAPITALIZATION-AND-LIAB>                3,514,842
<GROSS-OPERATING-REVENUE>                      694,304
<INCOME-TAX-EXPENSE>                            42,885
<OTHER-OPERATING-EXPENSES>                     534,624
<TOTAL-OPERATING-EXPENSES>                     577,509
<OPERATING-INCOME-LOSS>                        116,795
<OTHER-INCOME-NET>                              11,330<F3>
<INCOME-BEFORE-INTEREST-EXPEN>                 128,125
<TOTAL-INTEREST-EXPENSE>                        51,363
<NET-INCOME>                                    83,234<F4>
<PREFERRED-STOCK-DIVIDENDS>                      8,217
<EARNINGS-AVAILABLE-FOR-COMM>                   75,017
<COMMON-STOCK-DIVIDENDS>                        45,160
<TOTAL-INTEREST-ON-BONDS>                       60,420
<CASH-FLOW-OPERATIONS>                         196,737
<EPS-PRIMARY>                                    $1.51
<EPS-DILUTED>                                    $1.51<F5>
<FN>
<F1>Net of mandatory sinking fund.
<F2>Net of current portion and capital lease obligations.
<F3>Excludes discontinued operations.
<F4>Prior to preferred dividend requirements.
<F5>Portland General Corporation does not have dilutive
securities or common stock equivalents that dilute primary primary earnings 
per share by 3 percent or more and therefore does not report a fully
diluted earnings per share.  The amount shown is based on the primary earnings
per share calculation.
</FN>