<TABLE> <S> <C>

       
<CAPTION>
<ARTICLE> UT
<S>                                                                    <C>
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM THE CONSOLIDATED FINANCIAL STATEMENTS FILED ON FORM 10-K
FOR THE TWELVE MONTHS ENDED DECEMBER 31, 1998 FOR PORTLAND GENERAL
ELECTRIC COMPANY AND SUBSIDIARIES (PGE) AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000,000
<CIK> 0000784977
<NAME> PORTLAND GENERAL ELECTRIC COMPANY
       
<CAPTION>
<S>                                                                    <C>
<PERIOD-TYPE>                                                          12-MOS
<FISCAL-YEAR-END>                                                      DEC-31-1998
<PERIOD-END>                                                           DEC-31-1998
<BOOK-VALUE>                                                           PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                                                                 1,819
<OTHER-PROPERTY-AND-INVEST>                                                                 342
<TOTAL-CURRENT-ASSETS>                                                                      243
<TOTAL-DEFERRED-CHARGES>                                                                    758
<OTHER-ASSETS>                                                                                0
<TOTAL-ASSETS>                                                                            3,162
<COMMON>                                                                                    160
<CAPITAL-SURPLUS-PAID-IN>                                                                   480
<RETAINED-EARNINGS>                                                                         356
<TOTAL-COMMON-STOCKHOLDERS-EQ>                                                              996
<PREFERRED-MANDATORY>                                                                        30
<PREFERRED>                                                                                   0
<LONG-TERM-DEBT-NET>                                                                        844
<SHORT-TERM-NOTES>                                                                            0
<LONG-TERM-NOTES-PAYABLE>                                                                     0
<COMMERCIAL-PAPER-OBLIGATIONS>                                                              105
<LONG-TERM-DEBT-CURRENT-PORT>                                                                 0
<PREFERRED-STOCK-CURRENT>                                                                     0
<CAPITAL-LEASE-OBLIGATIONS>                                                                   0
<LEASES-CURRENT>                                                                              1
<OTHER-ITEMS-CAPITAL-AND-LIAB>                                                            1,186
<TOT-CAPITALIZATION-AND-LIAB>                                                             3,162
<GROSS-OPERATING-REVENUE>                                                                 1,176
<INCOME-TAX-EXPENSE>                                                                         81
<OTHER-OPERATING-EXPENSES>                                                                  895
<TOTAL-OPERATING-EXPENSES>                                                                  976
<OPERATING-INCOME-LOSS>                                                                     200
<OTHER-INCOME-NET>                                                                           12
<INCOME-BEFORE-INTEREST-EXPEN>                                                              212
<TOTAL-INTEREST-EXPENSE>                                                                     75
<NET-INCOME>                                                                                137
<PREFERRED-STOCK-DIVIDENDS>                                                                   2
<EARNINGS-AVAILABLE-FOR-COMM>                                                               135
<COMMON-STOCK-DIVIDENDS>                                                                     49
<TOTAL-INTEREST-ON-BONDS>                                                                    60
<CASH-FLOW-OPERATIONS>                                                                      265
<EPS-PRIMARY>                                                                                 0
<EPS-DILUTED>                                                                                 0
<FN>
<F1>Represents the 12 month-to-date figure ending December 31, 1998.
</FN>
        
        


</TABLE>