<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 ELECTRIC AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000784977
<NAME> PORTLAND GENERAL ELECTRIC CO.
<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>                    116,377
<TOTAL-CURRENT-ASSETS>                         310,577
<TOTAL-DEFERRED-CHARGES>                     1,291,358
<OTHER-ASSETS>                                       0
<TOTAL-ASSETS>                               3,305,353
<COMMON>                                       160,346
<CAPITAL-SURPLUS-PAID-IN>                      469,078
<RETAINED-EARNINGS>                            200,720
<TOTAL-COMMON-STOCKHOLDERS-EQ>                 816,293
<PREFERRED-MANDATORY>                           50,000
<PREFERRED>                                     69,704
<LONG-TERM-DEBT-NET>                           862,513
<SHORT-TERM-NOTES>                               8,100
<LONG-TERM-NOTES-PAYABLE>                            0
<COMMERCIAL-PAPER-OBLIGATIONS>                 102,347
<LONG-TERM-DEBT-CURRENT-PORT>                    3,195
<PREFERRED-STOCK-CURRENT>                       10,000
<CAPITAL-LEASE-OBLIGATIONS>                      9,789
<LEASES-CURRENT>                                 2,276
<OTHER-ITEMS-CAPITAL-AND-LIAB>               1,371,136
<TOT-CAPITALIZATION-AND-LIAB>                3,305,353
<GROSS-OPERATING-REVENUE>                      693,342
<INCOME-TAX-EXPENSE>                            49,180
<OTHER-OPERATING-EXPENSES>                     533,200
<TOTAL-OPERATING-EXPENSES>                     582,380
<OPERATING-INCOME-LOSS>                        110,962
<OTHER-INCOME-NET>                              10,595
<INCOME-BEFORE-INTEREST-EXPEN>                 121,557
<TOTAL-INTEREST-EXPENSE>                        47,023
<NET-INCOME>                                    74,534
<PREFERRED-STOCK-DIVIDENDS>                      8,217
<EARNINGS-AVAILABLE-FOR-COMM>                   66,317
<COMMON-STOCK-DIVIDENDS>                        43,614
<TOTAL-INTEREST-ON-BONDS>                       57,451
<CASH-FLOW-OPERATIONS>                         194,034
<EPS-PRIMARY>                                        0<F6>
<EPS-DILUTED>                                        0<F6>
<FN>
<F6>All shares of Portland General Electric's stock is owned by Portland General
Corp. and is not publically traded.  Earnings per share calculations are not
reported.
</FN>