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) December 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 5.              OTHER EVENTS

CUSTOMER  CHOICE  IMPLEMENTATION  PROPOSAL  - Portland General Electric Company
(PGE), a wholly-owned subsidiary of Enron Corp.  (Enron),  has filed a proposal
before the Oregon Public Utilities Commission (OPUC) which would  give  all  of
its  customers a choice of electricity providers and provide a forecasted price
decrease  of  $108  million  or  about  10%  as early as December, 1998.  PGE's
Customer  Choice  Implementation  Proposal  includes  new  tariffs  and  a  new
structure  for  the  company.  If approved by the  OPUC,  PGE  would  become  a
regulated transmission and  distribution company focused on delivering, but not
selling electricity. PGE would continue to operate and maintain the electricity
delivery  system  and  handle  outage   restoration,  while  other  competitive
companies would market power to customers  over  that  system.  To effect  this
restructuring  PGE  is  asking  for  OPUC  approval  to sell all its generating
assets,  which  represent approximately 27% of PGE's total  assets,  and  power
supply and purchase contracts. A sale of PGE's supply portfolio would allow the
OPUC to put a dollar  value  on  "transition  costs,"  the costs that a utility
company  would be unable to  recover in a competitive market.  PGE  is  seeking
full recovery of these transition costs.

RESIDENTIAL EXCHANGE PROGRAM - PGE has filed a request with the OPUC seeking an
11.9 percent   rate  increase   effective January, 1998 for its residential and
small  farm  customers.  This  request   is   due   to   the  Bonneville  Power
Administration's (BPA) elimination of the Residential Exchange Credit. Exchange
benefits,  and  any related changes in the amount of benefits,  have  generally
passed directly to PGE's customers in the form of price increases or decreases.

WNP-3 SETTLEMENT  EXCHANGE AGREEMENT - The Federal Energy Regulatory Commission
(FERC) approved the  transfer to Enron, of PGE's rights and certain obligations
under the WNP-3 Settlement  Exchange  Agreement  (WSA)  and the long-term power
sale agreement with the Western  Area Power Administration.

For further background information regarding  Customer Choice,  the Residential
Exchange   Program  and  the  WNP-3 Settlement Exchange Agreement see  the  PGE
report on Form 10-Q for the quarter ended September 30, 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


December 17, 1997      By                /S/        JOSEPH       E.       FELTZ

                                          Joseph E. Feltz
                                              Controller
                                       Assistant Treasurer