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) January 24, 1997
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
MERGER SETTLEMENT CONFERENCE - Portland General Corporation (PGC), Enron Corp
(Enron) and the staff (Staff) of the Oregon Public Utility Commission (OPUC or
the Commission) agreed to suspend settlement conferences in the proceeding
before the OPUC that is considering approval of the merger between PGC and
Enron. The parties were unable to resolve certain issues concerning the
Staff's preliminary recommendation proposing conditions that require payments
from existing and future non-regulated businesses to the customers of Portland
General Electric (PGE), a wholly-owned subsidiary of PGC. In addition, cost
savings conditions proposed by the Staff exceed the level of cost savings that
PGC believes would result from the merger. The Staff and the two companies
agreed to seek policy guidance from the Commission. The parties are scheduled
to meet with the Commission in a public meeting on February 14, 1997.
For further background information regarding the proposed merger see the PGE
and PGC quarterly reports on Form 10-Q for the quarter ended September 30,
1996, and reports on Form 8-K dated November 12, 1996 and January 16, 1997.
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
January 27, 1997 By /S/ JOSEPH E. FELTZ
Joseph E. Feltz
Assistant Controller
Assistant Treasurer
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