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 2, its statement claiming exemption as a holding company from the
provisions of the Public Utility Holding Company Act of 1935, and submits
the following information:
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
Columbia-Willamette Development Company,
Oregon, Portland, Oregon, real estate development
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CWDC Resources, Inc., Oregon, Portland, Oregon,
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 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 ownership status of
the BPCO subsidiaries. A listing of BPCO subsidiaries which reflects
the information available to Portland General Corporation as of
December 31, 1992 will be provided upon request.
The following companies were dissolved during 1995:
FFP, Inc., Oregon, Portland, Oregon, real
estate development
Cornerstone Seattle Joint Venture, Washington,
Seattle, Washington, real estate development
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 15% 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.
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PGE owns wholly or jointly the following generating facilities:
Net Percent of
Capability Company's
NAME LOCATION (MW) INTEREST FUEL
Sullivan West Linn, OR 16 100.0 Hydro
Faraday Estacada, OR 44 100.0 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 52 100.0 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 500 100.0 Gas or Oil
Boardman Boardman, OR 508 65.0 Coal
Colstrip 3&4 Colstrip, MT 1,440 20.0 Coal
Coyote Springs Boardman, OR 241 100.0 Gas or Oil
PGE's electric distribution system is located within its service
territory in Oregon. PGE serves an area of 3,170 square miles,
including 54 incorporated cities. 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 1995 with respect to Claimant and its
utility subsidiaries:
(a) Number of kWh of electric energy sold at retail and wholesale -
retail: 17,065,188,000 kWh
wholesale: 3,382,450,000 kWh
(b) Number of kWh of electric energy distributed at retail outside state
in which each Company is organized -
none
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(c) Number of kWh of electric energy sold at wholesale outside the state
in which each Company is organized or at the state line -
2,601,090,000 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, wholesale marketers, and public authorities, such as
BPA and public utility districts, which are either located in or
have generation facilities located outside the state of Oregon:
10,278,229,000 kWh - Delivery of electric energy is through BPA
transmission lines to PGE interconnections in Oregon.
4. Information for calendar year 1995 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 11th day of March 1996.
Portland General Corporation
By /S/ JOSEPH M. HIRKO
Joseph M. Hirko
Senior Vice President,
Chief Financial Officer
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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