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

  

<ARTICLE> UT
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED FINANCIAL STATEMENTS FILED ON FORM 10-Q FOR THE PERIOD ENDED
SEPTEMBER 30, 1995 FOR PORTLAND GENERAL ELECTRIC COMPANY AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               SEP-30-1995
<BOOK-VALUE>                                  PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                    1,690,087<F1>
<OTHER-PROPERTY-AND-INVEST>                    136,147
<TOTAL-CURRENT-ASSETS>                         292,390
<TOTAL-DEFERRED-CHARGES>                     1,180,308
<OTHER-ASSETS>                                       0
<TOTAL-ASSETS>                               3,298,932
<COMMON>                                       160,346
<CAPITAL-SURPLUS-PAID-IN>                      471,766
<RETAINED-EARNINGS>                            215,099
<TOTAL-COMMON-STOCKHOLDERS-EQ>                 847,211<F2>
<PREFERRED-MANDATORY>                           40,000<F3>
<PREFERRED>                                     69,704
<LONG-TERM-DEBT-NET>                           866,573<F4>
<SHORT-TERM-NOTES>                                   0
<LONG-TERM-NOTES-PAYABLE>                            0
<COMMERCIAL-PAPER-OBLIGATIONS>                  74,216
<LONG-TERM-DEBT-CURRENT-PORT>                   71,066<F5>
<PREFERRED-STOCK-CURRENT>                       10,000
<CAPITAL-LEASE-OBLIGATIONS>                      7,478<F5>
<LEASES-CURRENT>                                 2,417
<OTHER-ITEMS-CAPITAL-AND-LIAB>               1,310,267
<TOT-CAPITALIZATION-AND-LIAB>                3,298,932
<GROSS-OPERATING-REVENUE>                      222,240
<INCOME-TAX-EXPENSE>                            21,208
<OTHER-OPERATING-EXPENSES>                     161,130
<TOTAL-OPERATING-EXPENSES>                     182,338
<OPERATING-INCOME-LOSS>                         39,902
<OTHER-INCOME-NET>                             (6,495)<F6>
<INCOME-BEFORE-INTEREST-EXPEN>                  33,407
<TOTAL-INTEREST-EXPENSE>                        16,618<F7>
<NET-INCOME>                                    16,789<F8>
<PREFERRED-STOCK-DIVIDENDS>                      2,380
<EARNINGS-AVAILABLE-FOR-COMM>                   14,409
<COMMON-STOCK-DIVIDENDS>                        13,682
<TOTAL-INTEREST-ON-BONDS>                       60,445<F9>
<CASH-FLOW-OPERATIONS>                          91,010
<EPS-PRIMARY>                                        0<F10>
<EPS-DILUTED>                                        0<F10>
<FN>
<F1>INCLUDING CAPITAL LEASE OBLIGATIONS, NET OF AMORTIZATION.
<F2>INCLUDES UNEARNED COMPENSATION OF $8,028.
<F3>NET OF MANDATORY SINKING FUND OF $10,000.
<F4>NET OF CURRENT PORTION.
<F5>NET OF CURRENT PORTION OF CAPITAL LEASE OBLIGATIONS.
<F6>EXCLUSIVE OF INTEREST EXPENSE AND PREFERRED DIVIDEND REQUIREMENT FOR PGE.
<F7>INCLUDING AFUDC.
<F8>PRIOR TO PREFERRED DIVIDEND REQUIREMENTS.
<F9>REPRESENTS THE 12 MONTH-TO-DATE FIGURE ENDING SEPTEMBER 30, 1995.
<F10>PORTLAND GENERAL ELECTRIC COMPANY, AS A WHOLLY OWNED SUBSIDIARY OF PORTLAND
GENERAL CORPORATION, DOES NOT REPORT EARNINGS PER SHARE INFORMATION.
</FN>