<ARTICLE> UT <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONSOLIDATED FINANCIAL STATEMENTS FILED ON FORM 10-Q FOR THE THREE MONTHS ENDED MARCH 31, 1997 FOR PORTLAND GENERAL CORPORATION (PGC) AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <CIK> 0000079636 <NAME> PORTLAND GENERAL CORPORATION <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1997 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 1,785,310 <OTHER-PROPERTY-AND-INVEST> 456,358 <TOTAL-CURRENT-ASSETS> 311,463 <TOTAL-DEFERRED-CHARGES> 1,067,673 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 3,620,804 <COMMON> 192,788 <CAPITAL-SURPLUS-PAID-IN> 586,251 <RETAINED-EARNINGS> 237,837 <TOTAL-COMMON-STOCKHOLDERS-EQ> 1,016,876 <PREFERRED-MANDATORY> 30,000 <PREFERRED> 0 <LONG-TERM-DEBT-NET> 924,720 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 73,422 <LONG-TERM-DEBT-CURRENT-PORT> 71,345 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 6,094 <LEASES-CURRENT> 2,653 <OTHER-ITEMS-CAPITAL-AND-LIAB> 1,501,000 <TOT-CAPITALIZATION-AND-LIAB> 3,620,804 <GROSS-OPERATING-REVENUE> 368,075 <INCOME-TAX-EXPENSE> 39,548 <OTHER-OPERATING-EXPENSES> 264,477 <TOTAL-OPERATING-EXPENSES> 304,025 <OPERATING-INCOME-LOSS> 64,050 <OTHER-INCOME-NET> 14,731 <INCOME-BEFORE-INTEREST-EXPEN> 78,781 <TOTAL-INTEREST-EXPENSE> 18,823 <NET-INCOME> 59,958 <PREFERRED-STOCK-DIVIDENDS> (581) <EARNINGS-AVAILABLE-FOR-COMM> 59,958 <COMMON-STOCK-DIVIDENDS> 16,449 <TOTAL-INTEREST-ON-BONDS> 64,469 <CASH-FLOW-OPERATIONS> 136,243 <EPS-PRIMARY> $1.16 <EPS-DILUTED> $1.16 <FN> <F1>Represents the 12 month-to-date figure ending December 31, 1996. </FN>