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 ELECTRIC
COMPANY 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>                    146,213
<TOTAL-CURRENT-ASSETS>                         240,559
<TOTAL-DEFERRED-CHARGES>                     1,146,992
<OTHER-ASSETS>                                       0
<TOTAL-ASSETS>                               3,261,678
<COMMON>                                       160,346
<CAPITAL-SURPLUS-PAID-IN>                      468,043
<RETAINED-EARNINGS>                            279,904
<TOTAL-COMMON-STOCKHOLDERS-EQ>                 908,293
<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>                   59,066
<PREFERRED-STOCK-CURRENT>                            0
<CAPITAL-LEASE-OBLIGATIONS>                      6,322
<LEASES-CURRENT>                                 2,488
<OTHER-ITEMS-CAPITAL-AND-LIAB>               1,233,470
<TOT-CAPITALIZATION-AND-LIAB>                3,261,678
<GROSS-OPERATING-REVENUE>                      300,195
<INCOME-TAX-EXPENSE>                            36,452
<OTHER-OPERATING-EXPENSES>                     196,927
<TOTAL-OPERATING-EXPENSES>                     233,379
<OPERATING-INCOME-LOSS>                         66,816
<OTHER-INCOME-NET>                               2,071
<INCOME-BEFORE-INTEREST-EXPEN>                  68,887
<TOTAL-INTEREST-EXPENSE>                        18,783
<NET-INCOME>                                    50,104
<PREFERRED-STOCK-DIVIDENDS>                        986
<EARNINGS-AVAILABLE-FOR-COMM>                   49,118
<COMMON-STOCK-DIVIDENDS>                        14,966
<TOTAL-INTEREST-ON-BONDS>                       62,989<F1>
<CASH-FLOW-OPERATIONS>                         111,788
<EPS-PRIMARY>                                        0<F2>
<EPS-DILUTED>                                        0<F2>
<FN>
<F1>REPRESENTS THE 12 MONTH-TO-DATE FIGURE ENDING MARCH 31, 1996.
<F2>PORTLAND GENERAL ELECTRIC COMPANY IS A WHOLLY-OWNED SUBSIDIARY OF
PORTLAND GENERAL CORPORATION AND AS SUCH ITS COMMON STOCK IS NOT
PUBLICALLY TRADED.  PGE DOES NOT REPORT EPS INFORMATION.
</FN>