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