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, 1995 AND 1994 FOR PORTLAND GENERAL CORPORATION AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR YEAR <FISCAL-YEAR-END> DEC-31-1995 DEC-31-1994 <PERIOD-END> DEC-31-1995 DEC-31-1994 <BOOK-VALUE> PER-BOOK PER-BOOK <TOTAL-NET-UTILITY-PLANT> 1,723,619 1,616,534 <OTHER-PROPERTY-AND-INVEST> 324,617 317,692 <TOTAL-CURRENT-ASSETS> 236,541 336,715 <TOTAL-DEFERRED-CHARGES> 1,163,240 1,288,330 <OTHER-ASSETS> 0 0 <TOTAL-ASSETS> 3,448,017 3,559,271 <COMMON> 191,301 189,358 <CAPITAL-SURPLUS-PAID-IN> 574,468 563,915 <RETAINED-EARNINGS> 135,885 118,676 <TOTAL-COMMON-STOCKHOLDERS-EQ> 893,148 858,313 <PREFERRED-MANDATORY> 40,000 50,000 <PREFERRED> 0 69,704 <LONG-TERM-DEBT-NET> 883,656 826,602 <SHORT-TERM-NOTES> 0 0 <LONG-TERM-NOTES-PAYABLE> 0 0 <COMMERCIAL-PAPER-OBLIGATIONS> 170,248 148,598 <LONG-TERM-DEBT-CURRENT-PORT> 92,661 69,195 <PREFERRED-STOCK-CURRENT> 10,000 10,000 <CAPITAL-LEASE-OBLIGATIONS> 6,900 9,212 <LEASES-CURRENT> 2,453 2,311 <OTHER-ITEMS-CAPITAL-AND-LIAB> 1,348,951 1,515,336 <TOT-CAPITALIZATION-AND-LIAB> 3,448,017 3,559,271 <GROSS-OPERATING-REVENUE> 983,582 959,409 <INCOME-TAX-EXPENSE> 89,064 71,878 <OTHER-OPERATING-EXPENSES> 698,942 733,235 <TOTAL-OPERATING-EXPENSES> 788,006 805,113 <OPERATING-INCOME-LOSS> 195,576 154,296 <OTHER-INCOME-NET> (33,576) 17,172 <INCOME-BEFORE-INTEREST-EXPEN> 162,000 171,468 <TOTAL-INTEREST-EXPENSE> 71,320 67,610 <NET-INCOME> 90,680 110,330 <PREFERRED-STOCK-DIVIDENDS> 9,644 10,800 <EARNINGS-AVAILABLE-FOR-COMM> 81,036 99,530 <COMMON-STOCK-DIVIDENDS> 60,955 60,308 <TOTAL-INTEREST-ON-BONDS> 64,997 58,031 <CASH-FLOW-OPERATIONS> 256,542 247,565 <EPS-PRIMARY> 1.60 1.99 <EPS-DILUTED> 1.60 1.99