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-Q FOR THE PERIOD ENDED MARCH 31, 1996 FOR PORTLAND GENERAL CORPORATION AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1996 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 1,727,914 <OTHER-PROPERTY-AND-INVEST> 332,981 <TOTAL-CURRENT-ASSETS> 244,125 <TOTAL-DEFERRED-CHARGES> 1,148,880 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 3,453,900 <COMMON> 191,628 <CAPITAL-SURPLUS-PAID-IN> 576,104 <RETAINED-EARNINGS> 161,074 <TOTAL-COMMON-STOCKHOLDERS-EQ> 928,806 <PREFERRED-MANDATORY> 30,000 <PREFERRED> 0 <LONG-TERM-DEBT-NET> 859,640 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 172,399 <LONG-TERM-DEBT-CURRENT-PORT> 89,066 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 6,322 <LEASES-CURRENT> 2,488 <OTHER-ITEMS-CAPITAL-AND-LIAB> 1,365,179 <TOT-CAPITALIZATION-AND-LIAB> 3,453,900 <GROSS-OPERATING-REVENUE> 300,581 <INCOME-TAX-EXPENSE> 36,228 <OTHER-OPERATING-EXPENSES> 197,609 <TOTAL-OPERATING-EXPENSES> 233,837 <OPERATING-INCOME-LOSS> 66,744 <OTHER-INCOME-NET> 3,372 <INCOME-BEFORE-INTEREST-EXPEN> 70,116 <TOTAL-INTEREST-EXPENSE> 19,768 <NET-INCOME> 50,348 <PREFERRED-STOCK-DIVIDENDS> 986 <EARNINGS-AVAILABLE-FOR-COMM> 49,362 <COMMON-STOCK-DIVIDENDS> 16,352 <TOTAL-INTEREST-ON-BONDS> 65,416<F1> <CASH-FLOW-OPERATIONS> 102,810 <EPS-PRIMARY> 0.97 <EPS-DILUTED> 0.97 <FN> <F1>REPRESENTS THE 12 MONTH-TO-DATE FIGURE ENDING MARCH 31, 1996. </FN>