View:
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 13, 1995
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
1
Item 5. Other Events
Regulatory Matters
On June 13, 1995, Portland General Electric Company (PGE or the
Company) requested an extension of time to file earnings data and
accompanying testimony for collection of two outstanding power cost
deferrals (see below). The request asks that the required filing
date be changed to August 16, 1995 about which time PGE expects to
file for inclusion of the capital and fixed costs associated with the
Coyote Springs Generation Project (Coyote Springs) in rates. Pursuant
to a stipulation in early 1995 between the Public Utility Commission of
Oregon (PUC) staff and PGE, the Company agreed to file for Coyote
Springs costs 90 days prior to its expected in-service date of late
1995. The Company believes there is a potential overlap in many
elements of the two filings, and, in the interest of efficiency for
all parties concerned, asked for the extension in order to submit
the filings within the same general time frame.
The PUC had previously authorized PGE to defer, for later collection,
50% of the incremental replacement power costs incurred from July 1993
through March 1994 and 40% of the incremental replacement power costs
from January 1995 through March 1995. PGE deferred $49 million and
$11 million during each of the periods, respectively. In accordance
with Oregon law, collection of the deferrals is subject to PUC review
of PGE's reported earnings, adjusted for the regulatory treatment of
unusual and/or non-recurring items, as well as the determination
of an appropriate rate of return on equity for a given review period.
The earnings review for these deferrals was scheduled to be filed on
June 30, 1995. See Portland General's and PGE's reports on Form 10-Q
for the period ended March 31, 1995 for further information.
2
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 16, 1995 By /s/ Joseph M. Hirko
Joseph M. Hirko
Vice President Finance,
Chief Financial Officer,
Chief Accounting Officer
and Treasurer
3