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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) November 26, 1996
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<PAGE>
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Item 5. Other Events
OPUC Approves Rate Settlement - On November 26, 1996 the Oregon Public Utility
Commission (OPUC) issued an order on Portland General Electric Company's (PGE or
the Company) August 6, 1996 rate filing. The order, which adopts the terms of a
settlement reached on November 15, 1996 between PGE, the staff of the OPUC, the
Citizen's Utility Board and the Oregon Committee for Equitable Utility Rates,
will result in $55 million in annual rate reductions beginning December 1, 1996.
The rate reductions will have an immaterial impact on 1996 earnings and will
result in an after tax earnings decrease of approximately $32 million for 1997.
In addition, the order incorporates $15 million in rate reductions previously
approved by the OPUC resulting in total 1997 rate reductions of $70 million.
For further background information regarding the Company's rate proposal see the
PGE and Portland General Corporation quarterly reports on Form 10-Q for the
quarter ended September 30, 1996 and reports on Form 8-K dated November 12,
1996.
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
November 26, 1996 By /s/ Joseph E. Feltz
Joseph E. Feltz
Assistant Controller
Assistant Treasurer
