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 11, 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

On September 11, 1996 parties participating in the initial settlement hearing of
the Portland General Electric Company (PGE) rate proposal agreed to postpone
further settlement discussions until early November.  The postponement was
requested by representatives of PGE's large industrial customers to allow for
additional time for review and analysis of both PGE's August 6, 1996 proposal
and the Oregon Public Utility Commission's (OPUC) staff's September 6, 1996
response (for additional information  see Portland General Corporation's and 
PGE's reports on Form 8-K dated September 6, 1996).  If the parties do not 
reach a settlement, PGE could be required to file a general rate case in
early 1997.





                              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 12, 1996  By          /s/  Joseph E. Feltz
                                     Joseph E. Feltz 
                                    Assistant Controller
                                    Assistant Treasurer