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) March 30, 1995

                      Registrant; State of Incorporation; IRS Employer
Commission File NumberAddress; 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

     Trojan Investment Loss Recorded 
     Portland General Corporation (Portland General) and Portland
     General Electric Company (PGE) will record a charge to income of
     $36.7 million, after tax, to be included in first quarter 1995
     earnings.  The recorded loss is a result of the Oregon Public
     Utility Commission's (PUC) order in PGE's general rate case which
     disallowed recovery of approximately 13% of PGE's investment in the
     Trojan Nuclear Plant (Trojan) from customers (see Portland General's
     and PGE's reports on Form 8-K dated March 29, 1995 for further
     information concerning the rate order). 

     Appeal of Rate Order Filed 

     Utility Reform Project v. Oregon Public Utility Commission, Multnomah
     County Oregon Circuit Court

     On March 30, 1995 the Utility Reform Project (URP) filed an appeal
     of the PUC's rate order in PGE's general rate case.  URP alleges
     that the PUC lacks authority to allow PGE to recover, through its
     rates, its investment in Trojan.  The complaint seeks to remand the
     case back to the PUC and have all costs related to Trojan
     immediately removed from PGE's rates.  

     Any party to the general rate proceeding, including PGE, has 60 days from
     the date of the order entered by the PUC to file an application for
     reconsideration or to appeal to state court.



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 6, 1995                   By          /s/  Joseph M. Hirko               
                                                   Joseph M. Hirko 
                                                 Vice President Finance,
                                                 Chief Financial Officer,
                                                 Chief Accounting Officer
                                                 and Treasurer