<?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>0001830305</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
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    <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>Sims Brett Michael</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Officer</relationshipToIssuer>
      </relationshipsToIssuer>
    </issuerInfo>
    <securitiesInformation>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>Merrill Lynch</name>
        <address>
          <com:street1>3455 Peachtree Street</com:street1>
          <com:street2>Ste 100</com:street2>
          <com:city>Atlanta</com:city>
          <com:stateOrCountry>GA</com:stateOrCountry>
          <com:zipCode>30326</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>1000</noOfUnitsSold>
      <aggregateMarketValue>50541.77</aggregateMarketValue>
      <noOfUnitsOutstanding>96620972</noOfUnitsOutstanding>
      <approxSaleDate>05/10/2023</approxSaleDate>
      <securitiesExchangeName>NYSE</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>02/11/2022</acquiredDate>
      <natureOfAcquisitionTransaction>Performance Stock Vest</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Brett Sims</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>116</amountOfSecuritiesAcquired>
      <paymentDate>02/11/2022</paymentDate>
      <natureOfPayment>Compensation</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>02/16/2022</acquiredDate>
      <natureOfAcquisitionTransaction>Restricted Stock Vest</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Brett Sims</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>403</amountOfSecuritiesAcquired>
      <paymentDate>10/30/2020</paymentDate>
      <natureOfPayment>Compensation</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>02/12/2023</acquiredDate>
      <natureOfAcquisitionTransaction>Restricted Stock Vest</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Brett Sims</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>481</amountOfSecuritiesAcquired>
      <paymentDate>02/12/2020</paymentDate>
      <natureOfPayment>Compensation</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Brett Sims</name>
        <address>
          <com:street1>121 SW Salmon Street</com:street1>
          <com:city>Portland</com:city>
          <com:stateOrCountry>OR</com:stateOrCountry>
          <com:zipCode>97204</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <saleDate>03/09/2023</saleDate>
      <amountOfSecuritiesSold>2050</amountOfSecuritiesSold>
      <grossProceeds>96350.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <noticeSignature>
      <noticeDate>05/10/2023</noticeDate>
      <signature>Sujata Pagedar Power of Attorney on behalf of Brett Sims</signature>
    </noticeSignature>
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144
0001830305
XXXXXXXX
LIVE
0000784977
PORTLAND GENERAL ELECTRIC CO /OR/
001-05532-99
121 SW SALMON ST
1WTC0501
PORTLAND
OR
97204
5034648000
Sims Brett Michael
Officer
Common
Merrill Lynch
3455 Peachtree Street
Ste 100
Atlanta
GA
30326
1000
50541.77
96620972
05/10/2023
NYSE
Common
02/11/2022
Performance Stock Vest
Brett Sims
N
116
02/11/2022
Compensation
Common
02/16/2022
Restricted Stock Vest
Brett Sims
N
403
10/30/2020
Compensation
Common
02/12/2023
Restricted Stock Vest
Brett Sims
N
481
02/12/2020
Compensation
N
Brett Sims
121 SW Salmon Street
Portland
OR
97204
Common
03/09/2023
2050
96350.00
05/10/2023
Sujata Pagedar Power of Attorney on behalf of Brett Sims