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) April 4, 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
      




Item 5.             Other Events

Citizens' Utility Board of Oregon v. Public Utility Commission of Oregon and
Utility Reform Project and Colleen O'Neil v. Public Utility Commission of
Oregon, Marion County Oregon Circuit Court 

On April 4, 1996, a circuit court judge in Marion County, Oregon ruled that
the Public Utility Commission of Oregon (OPUC) could not authorize Portland
General Electric Company (PGE) to collect a return on its undepreciated
investment in the Trojan Nuclear Plant (Trojan) currently in PGE's rate base. 
This ruling contradicts a previous Marion County Circuit Court decision as
well as a ruling by the OPUC and an opinion issued by the Oregon Attorney
General.  PGE intends to appeal the ruling and defend its position on this
matter.  

The ruling was the result of an appeal of PGE's general rate order issued by
the OPUC on March 29, 1995.  The March 1995 order granted PGE recovery of,
and a return on, 87% of its remaining investment in Trojan  which was
permanently closed in early 1993.  Both the Citizens' Utility Board of Oregon
(CUB) and the Utility reform Project (URP) subsequently appealed the rate
order in cases that were consolidated in Marion County Circuit Court.  While
CUB's appeal was limited to challenging the OPUC's authority to grant PGE a
return on its remaining Trojan investment, URP's appeal also included a
challenge to collection of the principle amount.

In a previous proceeding regarding OPUC's general powers, the OPUC ruled in
1993 that a return on undepreciated Trojan investment could be collected by
PGE, provided certain conditions were met.  OPUC's ruling was appealed and
affirmed by the Marion County Circuit Court in 1994.  Further appeal of the
1993 order has been postponed until the challenge to the March 1995 rate
order joins it at the court of appeals level.

                           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




April 9, 1996       By          /s/  Joseph E. Feltz 
                                     Joseph E. Feltz 
                                    Assistant Controller
                                    Assistant Treasurer