File No. 69-233
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C.
FORM U-3A-2
Statement by Holding Company Claiming Exemption Under
Rule 2 from the Provisions of the
Public Utility Holding Company Act of 1935
To Be Filed Annually Prior to March 1
PORTLAND GENERAL CORPORATION
hereby files with the Securities and Exchange Commission, pursuant to
Rule U-2, its statement claiming exemption as a holding company from the
provisions of the Public Utility Holding Company Act of 1935. In
support of such claim for exemption the following information is
submitted:
1. Name, State of Organization, location and business of Claimant and
every subsidiary:
Claimant - Portland General Corporation, Oregon, Portland, Oregon,
holding company
Subsidiaries - Portland General Electric Company, Oregon, Portland,
Oregon, electric utility
121 S.W. Salmon St. Corporation, Oregon, Portland,
Oregon, leases PGE headquarters
World Trade Center Northwest Corporation,
Oregon, Portland, Oregon, development of World
Trade Center complex in Portland, Oregon
Portland General Energy Systems, Inc., Oregon,
Portland, Oregon, installation and maintenance of
electrical equipment
Portland General Holdings, Inc., Oregon, Portland,
Oregon, holds stock in companies with interests in real
estate development, leasing, investments, energy services
and power brokering, and independent power production
PLC-Kalamazoo, Inc., Oregon, Portland, Oregon,
development, acquisition and operation of
co-generation and independent power projects,
presently carries on no business
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Columbia-Willamette Development Company, Oregon,
Portland, Oregon, real estate development
FFP, Inc., Oregon, Portland, Oregon, real estate
development
CWDC Resources, Inc., (formally Spring Ridge at
Charbonneau, Inc.), Oregon, Portland, Oregon,
real estate development
Cornerstone Seattle Joint Venture, Washington,
Seattle, Washington, real estate development
Columbia Willamette Leasing, Inc., Oregon,
Portland, Oregon, equipment leasing
Rail Leasing Inc., Oregon, Portland, Oregon,
equipment leasing
Columbia Willamette Investment Company, Oregon,
Portland, Oregon, investments
Tule Hub Services Company, Oregon, Portland,
Oregon, electric hub services
Bonneville Pacific Corporation, Delaware, Salt Lake
City, Utah, co-generation and independent power
producer*
Bonneville Foods Corporation, Utah, Salt Lake
City, Utah, growing packaging and processing of
vegetables
Alpac Foods, Inc., California, Santa Maria,
California, processing and packaging
vegetables
Food Marketers, Inc., California, Santa
Maria, California, sales and marketing - food
processing industry
Bonneville Floral and Garden Products, Inc.,
Utah, Salt Lake City, Utah, growing and
marketing flowers and houseplants
Bonneville Fuels Corporation, Colorado, Denver,
Colorado, owner, developer and shipper of
natural gas
Colorado Gathering Corporation, Utah, Salt
Lake City, Utah, owner, developer and shipper
of natural gas
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Bonneville Fuels Marketing Corporation, Utah,
Salt Lake City, Utah, owner, developer and
shipper of natural gas
Bonneville McKenzie Energy Corporation, Ontario,
Toronto, Ontario, Canada, co-generation and
independent power producer
Bonneville Pacific Services Company, Inc.,
Idaho, Twin Falls, Idaho, operator of power
generation projects
Bonneville-West Corporation, Utah, Salt Lake
City, Utah, co-generation and independent power
producer
Bonneville Nevada Corporation, Nevada, Salt Lake
City, Utah, co-generation and independent power
producer
Bonneville Wind Corporation, Utah, Salt Lake
City, Utah, co-generation and independent power
producer
Cogeneration Technology and Development Company,
Colorado, Denver, Colorado, co-generation and
independent power producer
Marport Development Corporation, California,
Salt Lake City, Utah, co-generation and
independent power producer
Willimantic Power Corporation,
Connecticut, Salt Lake City, Utah,
co-generation and independent power
producer
Watsonville Cogen Corp., California,
Watsonville, California, co-
generation and independent power
producer
California Industrial Cogeneration,
California, Watsonville, California,
co-generation and independent power
producer
Bonneville Pacific-Island Park
Corporation, Utah, Salt Lake City,
Utah, co-generation and independent
power producer
Fulcrum, Inc., Idaho, Twin Falls,
Idaho, co-generation and independent
power producer
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Recomp Inc., Delaware, Salt Lake City, Utah,
waste processing
Recomp of Minnesota, (formerly St. Cloud
Transfer and Recycling Corporation),
Minnesota, St. Cloud, Minnesota, waste
processing
Super Cycle, Inc., Minnesota, St.
Paul, Minnesota, waste processing
Recomp of Washington, Inc.
(formerly Thermal Reduction
Corporation, Inc.), Washington,
Ferndale, Washington, waste
processing
Bio-Technology, Inc., Wisconsin,
Brokaw, Wisconsin, waste
processing
Nature's Blend Compost Company,
Utah, Salt Lake City, Utah, waste
processing
Stillaguamish River Hydro, Inc.,
Washington, Salt Lake City, Utah,
co-generation and independent power
producer
Sauk River Hydro, Inc., Washington,
Salt Lake City, Utah, co-generation
and independent power producer
Skykomish River Hydro, Inc.,
Washington, Salt Lake City, Utah,
co-generation and independent power
producer
Baker Power Company, Nevada, Salt
Lake City, Utah, co-generation and
independent power producer
Bonneville - Yuma Corporation, Utah,
Salt Lake City, Utah, co-generation
and independent power producer
Honolii Power Company, Inc., Hawaii,
Honolulu, Hawaii, co-generation and
independent power producer
Bonneville Pacific Capital
Corporation, Utah, Salt Lake City,
Utah, co-generation and independent
power producer
Bonneville Vermont Corporation,
Utah, Salt Lake City, Utah, co-
generation and independent power
producer
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Sheldon Pacific Corporation, Utah,
Salt Lake City, Utah, co-generation
and independent power producer
Bonneville Las Vegas Corporation,
Utah, Salt Lake City, Utah, co-
generation and independent power
producer
Bonneville General Corporation,
Utah, Salt Lake City, Utah, co-
generation and independent power
producer
Bonneville Springfield Corporation,
Utah, Salt Lake City, Utah, co-
generation and independent power
producer
Bonneville Antioch Corporation,
Utah, Salt Lake City, Utah, co-
generation and independent power
producer
Hawaii Power Company, Utah, Salt
Lake City, Utah, co-generation and
independent power producer
B2C Energy Group, Inc., Hawaii,
Honolulu, Hawaii, co-generation
and independent power producer
East-West Wailua-iki Power
Company, Inc., Hawaii,
Honolulu, Hawaii, co-
generation and independent
power producer
Watsonville Cogeneration
Partnership, California,
Watsonville, California, co-
generation and independent power
producer
BP Hydro Associates, Idaho, Salt
Lake City, Utah, co-generation and
independent power producer
BP Holdings, Inc., Idaho, Twin
Falls, Idaho, co-generation and
independent power producer
BP Cogen, Inc., Idaho, Twin
Falls, Idaho, co-generation
and independent power
producer
Lehi Cogeneration Inc., Utah,
Salt Lake City, Utah, co-
generation and independent
power producer
Bonneville Wind Energy Technology
Associates, L.P., California,
Newport Beach, California, co-
generation and independent power
producer
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Island Park Hydropower Limited
Partnership, Idaho, Salt Lake City,
Utah, co-generation and independent
power producer
Bonn-Tech Partnership, Idaho, Salt
Lake City, Utah, co-generation and
independent power producer
Mammoth Lakes Limited Partnership,
Utah, Salt Lake City, Utah, co-
generation and independent power
producer
Ryegate Associates, Utah, Salt Lake
City, Utah, co-generation and
independent power producer
Ryegate Wood Energy Company,
Delaware, Salt Lake City, Utah,
co-generation and independent
power producer
BP Hydro Finance Partnership, Utah,
Salt Lake City, Utah, co-generation
and independent power producer
Nevada Cogeneration Associates #1,
Utah, Salt Lake City, Utah, co-
generation and independent power
producer
Nevada Cogeneration Associates #2,
Utah, Salt Lake City, Utah, co-
generation and independent power
producer
Bonneville Springfield Associates,
Utah, Salt Lake City, Utah, co-
generation and independent power
producer
Bonneville Antioch Limited
Partnership, California, Salt Lake
City, Utah, co-generation and
independent power producer
The following companies were dissolved in 1994.
Coyote Springs Corporation, Oregon,
Portland, Oregon, development,
acquisition and operation of co-
generation and independent power
projects, presently carries on no
business
Portland General Financial Services,
Inc., Oregon, Portland, Oregon, leasing
services
* Bonneville Pacific Corporation ("BPCO") has filed for
protection under Chapter 11 of the federal Bankruptcy
Code. As the debtor in possession, BPCO may sell or
otherwise transfer ownership of one or more of its
subsidiaries. Although Portland General Holdings, Inc.
is a shareholder and creditor of BPCO and monitors the
Bankruptcy proceeding, it is not a member of the
Creditors Committee or otherwise involved in the
operations of BPCO and, therefore, does not know of the present
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ownership status of the BPCO subsidiaries. The above listing
reflects the information available to Portland General Corporation
as of December 31, 1992.
2. A brief description of properties of Claimant and each
subsidiary public utility used for generation, transmission and
distribution of electric energy for sale, including location of
principal generating plants, transmission lines and distribution
facilities:
Claimant -
Portland General Corporation has no properties other
than the stock of its subsidiaries and an immaterial
amount of office equipment and furniture. Its only
public utility subsidiary is Portland General Electric
Company ("PGE").
Public Utility Subsidiary -
PGE is engaged in the generation, purchase,
transmission, distribution and sale of electric energy
in Oregon. PGE has a 321 MW ownership interest in
generating plants in Washington (1 plant) and Montana
(2 plants), comprising approximately 17% of its total
generating capacity. PGE sells electric energy at
wholesale in interstate commerce to electric utilities
located in other states, primarily California. PGE
purchases electric energy from public utility districts
located in the State of Washington and from
nonassociated utilities in Oregon, Washington, Montana,
Idaho, Arizona, New Mexico, California and Canada. PGE
purchases surplus electric energy from the Bonneville
Power Administration ("BPA"), a federal agency that
markets electric energy generated by federal
hydroelectric dams located on the Columbia River in
Oregon and Washington.
PGE owns wholly or jointly the following generating
facilities:
<TABLE>
<CAPTION>
Net Percent of
Capability Company's
Name Location (MW) Interest Fuel
<S> <C> <C> <C> <C>
Sullivan West Linn, OR 16 100.0 Hydro
Faraday Estacada, OR 43 100.0 Hydro
River Mill Estacada, OR 23 100.0 Hydro
Bull Run Bull Run, OR 22 100.0 Hydro
Oak Grove Three Lynx, OR 44 100.0 Hydro
Pelton Madras, OR 108 100.0 Hydro
North Fork Estacada, OR 54 100.0 Hydro
Round Butte Madras, OR 300 100.0 Hydro
Centralia Centralia, WA 1,310 2.5 Coal
Bethel Salem, OR 116 100.0 Gas or Oil
Beaver Clatskanie, OR 534 100.0 Gas or Oil
Boardman Boardman, OR 508 65.0 Coal
Colstrip 3&4 Colstrip, MT 1,440 20.0 Coal
</TABLE>
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PGE's electric distribution system is located within
its service territory in Oregon. PGE serves an area of
3,170 square miles, including 54 cities, in parts of
eight counties. PGE has transmission lines for the
delivery of electricity from its plants located in
Oregon to its service territory or to the Northwest
grid. Electric energy from the plants located in other
states is delivered to PGE over the Northwest grid.
PGE owns 20% of the Pacific Northwest Intertie, a 4,800
MW transmission facility between John Day, in Northern
Oregon, and Malin, in Southern Oregon near the
California border. This line is used primarily for
interstate sales and purchases of electric energy among
BPA, utilities in the Pacific Northwest, including PGE,
and California utilities.
PGE has a 90% ownership interest in a 20 inch diameter
natural gas pipeline that runs approximately 18 miles
from its Beaver generating plant, located in
Clatskanie, Oregon, to Cowlitz County Washington where
it interconnects with the interstate gas distribution
system of Northwest Pipeline Company.
3. Information for calendar year 1994 with respect to
Claimant and its utility subsidiaries:
(a) Number of kWh of electric energy sold at retail and
wholesale -
retail: 16,802,254,000 kWh
wholesale: 2,700,670,000 kWh
(b) Number of kWh of electric energy distributed at retail
outside state in which each Company is organized -
none
(c) Number of kWh of electric energy sold at wholesale
outside the state in which each Company is organized -
2,011,853,000 kWh - Delivery of electric energy is
primarily at the Malin substation in Southern Oregon
with ultimate use in California.
(d) Number of kWh of electric energy purchased outside the
state in which each Company is organized or at the
state line
PGE purchased electric energy from certain
nonassociated utilities, municipalities and other
public authorities, such as BPA and public utility
districts, which are either located in or have
generation facilities located in states other than
Oregon, and from British Columbia Hydro:
9,665,472,000 kWh - Delivery of electric energy is
through BPA transmission lines to PGE interconnections
in Oregon.
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4. Information for calendar year 1994 with respect to
Claimant and each interest it holds directly or
indirectly in an EWG or a foreign utility company,
stating monetary amounts in United States dollars:
(a) Name, location, business address and description of the
facilities used by the EWG or foreign utility company
for the generation, transmission and distribution of
electric energy for sale or for the distribution at
retail of natural or manufactured gas.
None.
(b) Name of each system company that holds an interest in
such EWG or foreign utility company; and description of
the interest held.
None.
(c) Type and amount of capital invested, directly or
indirectly, by the holding company claiming exemption;
any direct or indirect guarantee of the security of the
EWG or foreign utility company by the holding company
claiming exemption; and any debt or other financial
obligation for which there is recourse, directly or
indirectly, to the holding company claiming exemption
or another system company, other than the EWG or
foreign utility company.
None.
(d) Capitalization and earnings of the EWG or foreign
utility company during the reporting period.
None.
(e) Identify any service, sales or construction contract(s)
between EWG or foreign utility company and a system
company, and describe the services to be rendered or
goods sold and fees or revenues under such
agreement(s).
N/A
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EXHIBIT A
A consolidating statement of income and surplus of the
claimant and its subsidiary companies for the last calendar year,
together with a consolidating balance sheet of claimant and its
subsidiary companies as of the close of such calendar year will
be filed under Form U-A before April 30, 1995, after the filing
of Form 10-K.
The above-named Claimant has caused this statement to be
duly executed on its behalf by its authorized officer on this
28th day of February 1995.
Portland General Corporation
By /s/ Joseph M. Hirko
Joseph M. Hirko
Vice President Finance,
Chief Financial Officer,
Chief Accounting Officer
and Treasurer
Corporate Seal
Attest:
/s/ Steven F. McCarrel
Steven F. McCarrel
Assistant Secretary
Name, title and address of officer to whom notices and
correspondence concerning this statement should be addressed:
Steven F. McCarrel
Assistant Secretary
121 S.W. Salmon Street
Portland, Oregon 97204
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