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-K FOR THE PERIOD ENDED
DECEMBER 31, 1994 FOR PORTLAND GENERAL CORPORATION AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1000
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               DEC-31-1994
<BOOK-VALUE>                                  PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                    1,616,534<F1>
<OTHER-PROPERTY-AND-INVEST>                    317,692
<TOTAL-CURRENT-ASSETS>                         348,835
<TOTAL-DEFERRED-CHARGES>                     1,276,210
<OTHER-ASSETS>                                       0
<TOTAL-ASSETS>                               3,559,271
<COMMON>                                       189,358
<CAPITAL-SURPLUS-PAID-IN>                      563,915
<RETAINED-EARNINGS>                            118,676
<TOTAL-COMMON-STOCKHOLDERS-EQ>                 858,313<F2>
<PREFERRED-MANDATORY>                           50,000<F3>
<PREFERRED>                                     69,704
<LONG-TERM-DEBT-NET>                           835,814<F4>
<SHORT-TERM-NOTES>                                   0
<LONG-TERM-NOTES-PAYABLE>                            0
<COMMERCIAL-PAPER-OBLIGATIONS>                 148,598
<LONG-TERM-DEBT-CURRENT-PORT>                   69,195<F5>
<PREFERRED-STOCK-CURRENT>                       10,000
<CAPITAL-LEASE-OBLIGATIONS>                      9,212<F5>
<LEASES-CURRENT>                                 2,311
<OTHER-ITEMS-CAPITAL-AND-LIAB>               1,515,336
<TOT-CAPITALIZATION-AND-LIAB>                3,559,271
<GROSS-OPERATING-REVENUE>                      959,409
<INCOME-TAX-EXPENSE>                            71,878
<OTHER-OPERATING-EXPENSES>                     733,235
<TOTAL-OPERATING-EXPENSES>                     805,113
<OPERATING-INCOME-LOSS>                        154,296<F6>
<OTHER-INCOME-NET>                              16,901<F7>
<INCOME-BEFORE-INTEREST-EXPEN>                 171,197
<TOTAL-INTEREST-EXPENSE>                        67,339<F8>
<NET-INCOME>                                   110,330<F9>
<PREFERRED-STOCK-DIVIDENDS>                     10,800
<EARNINGS-AVAILABLE-FOR-COMM>                   99,530
<COMMON-STOCK-DIVIDENDS>                        60,308
<TOTAL-INTEREST-ON-BONDS>                       58,014
<CASH-FLOW-OPERATIONS>                         251,001
<EPS-PRIMARY>                                     1.99
<EPS-DILUTED>                                     1.99<F10>
<FN>
<F1>INCLUDING CAPITAL LEASE OBLIGATIONS NET OF AMORTIZATION.
<F2>INCLUDES UNEARNED COMPENSATION OF $13,636,000.
<F3>NET OF MANDATORY SINKING FUND OF $10,000,000.
<F4>NET OF CURRENT PORTION.
<F5>NET OF CURRENT PORTION OF CAPITAL LEASE OBLIGATIONS.
<F6>EXCLUSIVE OF INTEREST EXPENSE AND PREFERRED DIVIDEND REQUIREMENT.
<F7>EXCLUDES DISCONTINUED OPERATIONS.
<F8>INCLUDING AFUDC.
<F9>PRIOR TO PREFERRED DIVIDEND REQUIREMENT BUT INCLUDES GAIN FROM DISCONTINUED
OPERATIONS OF $6,472,000.
<F10>PORTLAND GENERAL CORPORATION DOES NOT HAVE DILUTIVE SECURITIES OR COMMON STOCK
EQUIVALENTS THAT DILUTE PRIMARY EARNINGS PER SHARE BY 3 PERCENT OR MORE AND
THEREFORE IT DOES NOT REPORT A FULLY DILUTED EARNINGS PER SHARE.  THE AMOUNT
SHOWN IS BASED ON THE PRIMARY EARNINGS PER SHARE CALCULATION.
</FN>