content: <?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:com="http://www.sec.gov/edgar/common">
    <headerData>
      <submissionType>144</submissionType>
      <filerInfo>
        <filer>
          <filerCredentials>
            <cik>0001764861</cik>
            <ccc>XXXXXXXX</ccc>
          </filerCredentials>
        </filer>
        <liveTestFlag>LIVE</liveTestFlag>
  
  
  
      </filerInfo>
    </headerData>
    <formData>
      <issuerInfo>
        <issuerCik>0000784977</issuerCik>
        <issuerName>PORTLAND GENERAL ELECTRIC CO /OR/</issuerName>
        <secFileNumber>001-05532-99</secFileNumber>
        <issuerAddress>
          <com:street1>121 SW SALMON ST</com:street1>
          <com:street2>1WTC0501</com:street2>
          <com:city>PORTLAND</com:city>
          <com:stateOrCountry>OR</com:stateOrCountry>
          <com:zipCode>97204</com:zipCode>
        </issuerAddress>
        <issuerContactPhone>5034648000</issuerContactPhone>
        <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Bekkedahl Larry Neal</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
        <relationshipsToIssuer>
          <relationshipToIssuer>Officer</relationshipToIssuer>
        </relationshipsToIssuer>
      </issuerInfo>
      <securitiesInformation>
        <securitiesClassTitle>Common</securitiesClassTitle>
        <brokerOrMarketmakerDetails>
          <name>Fidelity Brokerage Services LLC</name>
          <address>
            <com:street1>900 Salem Street</com:street1>
            <com:city>Smithfield</com:city>
            <com:stateOrCountry>RI</com:stateOrCountry>
            <com:zipCode>02917</com:zipCode>
          </address>
        </brokerOrMarketmakerDetails>
        <noOfUnitsSold>2027</noOfUnitsSold>
        <aggregateMarketValue>81607.02</aggregateMarketValue>
        <noOfUnitsOutstanding>101123903</noOfUnitsOutstanding>
        <approxSaleDate>02/15/2024</approxSaleDate>
        <securitiesExchangeName>NYSE</securitiesExchangeName>
      </securitiesInformation>
      <securitiesToBeSold>
        <securitiesClassTitle>Common</securitiesClassTitle>
        <acquiredDate>02/14/2024</acquiredDate>
        <natureOfAcquisitionTransaction>Restricted Stock Vesting</natureOfAcquisitionTransaction>
        <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
        <isGiftTransaction>N</isGiftTransaction>
        <amountOfSecuritiesAcquired>2027</amountOfSecuritiesAcquired>
        <paymentDate>02/14/2024</paymentDate>
        <natureOfPayment>Compensation</natureOfPayment>
      </securitiesToBeSold>
      <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
      <noticeSignature>
        <noticeDate>02/15/2024</noticeDate>
        <planAdoptionDates>
          <planAdoptionDate>11/10/2023</planAdoptionDate>
        </planAdoptionDates>
        <signature>/s/ Jennifer Ruchti, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Larry Bekkedahl</signature>
      </noticeSignature>
    </formData>
  </edgarSubmission>
metadata_documents: [{"type": "144", "sequence": "1", "filename": "primary_doc.xml", "secsgml_size_bytes": 3003}]
text: 144
  0001764861
  XXXXXXXX
  LIVE
  0000784977
  PORTLAND GENERAL ELECTRIC CO /OR/
  001-05532-99
  121 SW SALMON ST
  1WTC0501
  PORTLAND
  OR
  97204
  5034648000
  Bekkedahl Larry Neal
  Officer
  Common
  Fidelity Brokerage Services LLC
  900 Salem Street
  Smithfield
  RI
  02917
  2027
  81607.02
  101123903
  02/15/2024
  NYSE
  Common
  02/14/2024
  Restricted Stock Vesting
  Issuer
  N
  2027
  02/14/2024
  Compensation
  Y
  02/15/2024
  11/10/2023
  /s/ Jennifer Ruchti, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Larry Bekkedahl