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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 30, 1994
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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
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Item 5. Other Events
DEFERRED ACCOUNTING APPLICATION APPROVED
On September 30, 1994, the Oregon Public Utility Commission (PUC)
approved Portland General Electric's (PGE) July 1994 deferred
accounting application. This order authorizes PGE to defer 40% of
power costs incremental to those allowed in current rates incurred
from January 1, 1995 through March 31, 1995, or until new general
tariffs become effective, if earlier.
The amount of revenues PGE will be allowed to collect will be the
lesser of the recorded deferral, or PGE's requested increase, or the
same level of revenue as if new tariffs had become effective January
1, 1995. Collection of any deferral amounts will be subject to a
PUC review of PGE earnings, as adjusted, and a determination of an
appropriate rate of return on equity. PGE will file an earnings
review by June 30, 1995.
PGE agreed to extend the suspension period of its current general
rate proceeding to no later than March 31, 1995 contingent on the
PUC's approval of this deferral. See Portland General's and PGE's
reports on Form 10-Q for the period ended June 30, 1994 for
background information regarding the rate request.
DEFERRED ACCOUNTING REQUEST FILED
On September 30, 1994 PGE filed a deferred accounting application
with the PUC. If approved, PGE would defer, for later collection,
40% of power costs incremental to those allowed in current rates for
the period October 1, 1994 until December 31, 1994. Collection of
any deferral amounts would be subject to a PUC review of PGE
earnings, as adjusted, and a determination of an appropriate rate of
return on equity. PGE expects an order on this application by year
end 1994.
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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
October 5, 1994 By /s/ Joseph M. Hirko
Joseph M. Hirko
Vice President Finance,
Chief Financial Officer,
Chief Accounting Officer
and Treasurer
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