SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C. 20549


                                 Form 8-K

                              CURRENT REPORT


                  Pursuant to Section 13 or 15(d) of the
                      Securities Exchange Act of 1934


    Date of Report (Date of earliest event reported) September 6, 1996



                        Registrant; State of Incorporation; IRS Employer
COMMISSION FILE NUMBER  ADDRESS; AND TELEPHONE NUMBER       IDENTIFICATION NO.

 1-5532                 PORTLAND GENERAL CORPORATION        93-0909442
                        (an Oregon Corporation)
                        121 SW Salmon Street
                        Portland, Oregon 97204
                        (503) 464-8820


 1-5532-99              PORTLAND GENERAL ELECTRIC COMPANY   93-0256820
                        (an Oregon Corporation)
                        121 SW Salmon Street
                        Portland, Oregon 97204
                        (503) 464-8000



          121 S.W. SALMON STREET, PORTLAND, OREGON           97204
             (Address of principal executive offices)      (zip code)

     Registrant's telephone number, including area code 503-464-8820


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 ITEM 5.               OTHER EVENTS

 On September 6, 1996 the staff (Staff) of the Oregon Public Utility Commission
  (OPUC  or Commission) issued its response to Portland General Electric's (PGE
 or the Company)  rate  proposal.   While Staff adopted all of the proposals in
 PGE's plan including an accelerated  recovery  of  the Company's investment in
  the Trojan Nuclear Plant (Trojan), it also recommended  an  additional   rate
 decrease  over  PGE's  filing.   Staff's  proposal  includes  price reductions
  totaling  $76 million and results in after tax earnings reductions  for  1997
 totaling $57 million, based on an allowed return on equity (ROE) of 10.0%.

 PGE's plan was  submitted in a context of the proposed merger between Portland
 General Corporation  (Portland General), PGE's parent company, and Enron Corp.
 The Company's proposal  includes approximately $25 million in price reductions
  and  results in after tax  earnings  reductions  for  1997  of  $28  million,
 including  the  accelerated  recovery  of  the  PGE's investment in the Trojan
 through an approximately $13 million, after tax,  increase in amortization and
 an average ROE for the 1997-1998 period of 11.54% compared  to PGE's currently
 authorized ROE of 11.6%.

  Settlement  discussions  with  Staff  and  interested parties will  begin  on
 September 11, 1996 and continue through the following  week  if  it appears an
  agreement  can  be  reached.  If a settlement cannot be reached the OPUC  may
 request by September 24,  1996  that PGE file a formal rate case which must be
 submitted on or before November 22,  1996.   For  further discussion regarding
 the Company's rate proposal see PGE's and Portland  General's  reports on Form
 10-Q for the quarter ended June 30, 1996.



                                Signatures


  Pursuant  to  the  requirements  of the Securities Exchange Act of 1934,  the
 registrants have duly caused this report  to  be signed on their behalf by the
 undersigned hereunto duly authorized.


                            Portland General Corporation
                            Portland General Electric Company




 September 10, 1996         By    /S/ JOSEPH  E.  FELTZ
                                          Joseph E. Feltz
                                       Assistant Controller
                                       Assistant Treasurer
                               
                               
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