Exhibit (10n.-3)



                             SUMMARY OF COMPENSATION
                     ARRANGEMENTS FOR CHAIRMAN OF THE BOARD
                         MARCH 1, 2003-FEBRUARY 28, 2005



     On September 26, 2002, the Northwest Natural Gas Company Board of Directors
approved the following compensation arrangements for Richard G. Reiten, Chairman
of the Board, for his services as Chairman during the period beginning March 1,
2003 through February 28, 2005:

     o    From March 1, 2003 through February 29, 2004, Mr. Reiten will receive
          $5,000 per month;

     o    From March 1, 2004 through February 28, 2005, Mr. Reiten will receive
          $2,500 per month;

     o    In the event that the Portland General Electric Company acquisition
          (or a similar transaction) should be presented during the period from
          March 1, 2003 through February 28, 2005, the chairman of the
          Organization and Executive Compensation Committee, in consultation
          with the Chief Executive Officer, is authorized to increase the
          monthly amount payable to Mr. Reiten by $5,000;

     o    On March 1, 2003 and March 1, 2004, Mr. Reiten will receive payments
          in the amount of $10,000 each to cover club dues;

     o    Mr. Reiten will be entitled to standard Board-approved cash and stock
          retainers and meeting fees, as well as office space, secretarial
          support and a Company vehicle or vehicle allowance; and

     o    At the conclusion of the two-year term as Chairman of the Board, Mr.
          Reiten will continue as a member of the Board of Directors until he
          reaches the mandatory retirement age of 70.