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 PERIODS ENDED DECEMBER 31, 1995 AND 1994 FOR PORTLAND GENERAL ELECTRIC COMPANY 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> 138,352 124,593 <TOTAL-CURRENT-ASSETS> 223,306 327,710 <TOTAL-DEFERRED-CHARGES> 1,160,320 1,285,314 <OTHER-ASSETS> 0 0 <TOTAL-ASSETS> 3,245,597 3,354,151 <COMMON> 160,346 160,346 <CAPITAL-SURPLUS-PAID-IN> 473,439 470,008 <RETAINED-EARNINGS> 246,282 216,468 <TOTAL-COMMON-STOCKHOLDERS-EQ> 880,067 834,226 <PREFERRED-MANDATORY> 40,000 50,000 <PREFERRED> 0 69,704 <LONG-TERM-DEBT-NET> 883,656 796,602 <SHORT-TERM-NOTES> 0 0 <LONG-TERM-NOTES-PAYABLE> 0 0 <COMMERCIAL-PAPER-OBLIGATIONS> 170,248 148,598 <LONG-TERM-DEBT-CURRENT-PORT> 62,661 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> 1,189,612 1,364,303 <TOT-CAPITALIZATION-AND-LIAB> 3,245,597 3,354,151 <GROSS-OPERATING-REVENUE> 981,628 958,955 <INCOME-TAX-EXPENSE> 89,523 75,314 <OTHER-OPERATING-EXPENSES> 696,919 730,433 <TOTAL-OPERATING-EXPENSES> 786,442 805,747 <OPERATING-INCOME-LOSS> 195,186 153,208 <OTHER-INCOME-NET> (33,623) 16,148 <INCOME-BEFORE-INTEREST-EXPEN> 161,563 169,356 <TOTAL-INTEREST-EXPENSE> 68,776 63,238 <NET-INCOME> 92,787 106,118 <PREFERRED-STOCK-DIVIDENDS> 9,644 10,800 <EARNINGS-AVAILABLE-FOR-COMM> 83,143 95,318 <COMMON-STOCK-DIVIDENDS> 50,456 56,442 <TOTAL-INTEREST-ON-BONDS> 62,570 54,732 <CASH-FLOW-OPERATIONS> 272,490 238,435 <EPS-PRIMARY> 0<F1> 0<F1> <EPS-DILUTED> 0<F1> 0<F1> <FN> <F1>PORTLAND GENERAL ELECTRIC COMPANY IS A WHOLLY OWNED SUBSIDIARY OF PORTLAND GENERAL CORPORATION AND DOES NOT REPORT EARNINGS PER SHARE INFORMATION. </FN>