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) July 1, 1997


                       Registrant; State of Incorporation; IRS Employer
COMMISSION FILE NUMBER ADDRESS; AND TELEPHONE NUMBER       IDENTIFICATION NO.

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>




ITEM 1.              CHANGES IN CONTROL OF REGISTRANT

On  July  1,  1997  Portland  General Corporation (PGC), the parent of Portland
General Electric Company (PGE),  consummated  a  merger transaction pursuant to
the Amended and Restated Agreement and Plan of Merger by and among Enron Corp.,
PGC and Enron Oregon Corp.  dated as of July 20, 1996  and amended and restated
as  of September 24, 1996 and as further amended by the First  Amendment  dated
April  14,  1997  (Amended  Merger  Agreement).  Pursuant to the Amended Merger
Agreement,  Enron Corp., a Delaware corporation merged  with  and  into   Enron
Oregon Corp.,  an  Oregon  corporation (Reincorporation Merger) and the name of
Enron Oregon Corp. was changed  to Enron Corp. (Enron).  Promptly following the
Reincorporation Merger,  PGC merged  with  and  into   Enron (PGC Merger), with
Enron continuing in existence as the surviving corporation.  Each  share of PGC
common  stock  issued  and outstanding (other than shares owned by PGC,  Enron,
Enron  Oregon  Corp.  or any  of  their  respective  subsidiaries,  which  were
canceled) were converted into 0.9825 shares of Enron common stock.

Pursuant to the Amended  Merger  Agreement PGE is now a wholly owned subsidiary
of Enron and subject to control by  the  Board  of Directors of Enron. Prior to
the merger transaction the PGC Board of Directors  nominated  PGC Board Members
Jerome J. Meyer and Bruce G. Willison to join  Ken L. Harrison  as  members  of
the  Enron  Board  of  Directors.  Pursuant  to the terms of the Amended Merger
Agreement Ken L. Harrison, previously Chairman of the Board and Chief Executive
Officer of PGC, has assumed the positions of Vice  Chairman  of  the  Board  of
Enron  and Chairman of the Board and Chief Executive Officer of PGE. Joe Hirko,
a Senior  Vice  President of PGC, has been named Senior Vice President of Enron
and will continue to be responsible for providing ongoing financial support for
the various business  activities  of  PGE.  The  principal executive offices of
Enron are located at 1400 Smith Street, Houston Texas 77002.

For further background information regarding the merger  see  the  PGC  and PGE
report  on Form 10-K for the year ended December 31, 1996, report 10-Q for  the
quarter ended  March  31,  1997  and reports on Form 8-K dated June 4, 1997 and
June 24, 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 Electric Company


July 11, 1997          By                /S/        JOSEPH       E.       FELTZ

                                          Joseph E. Feltz
                                              Controller
                                       Assistant Treasurer