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) June 24, 1997


                       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

SHAREHOLDERS APPROVE MERGER - At Portland General Corporation's  (PGC) annual
shareholders  meeting  on June 24, 1997 the shareholders of PGC common  stock
voted to approve the Amended and Restated Agreement and Plan of Merger by and
between PGC, Enron Corp., and Enron Oregon Corp., dated as  of July 20, 1996,
amended  and  restated  as  of  September  24,  1996 and further amended  and
restated as of April 14, 1997 (Amended Merger Agreement).  The Amended Merger
Agreement provides for a new share exchange ratio. The previous  ratio of 1.0
to  1.0  has been adjusted to a ratio of 0.9825 shares of Enron common  stock
for every  1.0  share of PGC common stock. The merger transaction is expected
to close on or before July 1, 1997.

For further background  information  regarding the merger see the PGE and PGC
report on Form 10-K for the year ended December 31, 1996, report 10-Q for the
quarter ended March 31, 1997 and report on Form 8-K dated June 4, 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


June 25, 1997        By                /S/        JOSEPH       E.       FELTZ

                                        Joseph E. Feltz
                                     Assistant Controller
                                     Assistant Treasurer