Portland General Electric Company

Original Volume No. 1

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Effective Date: 12/03/2003, Docket: RP04- 48-004, Status: Effective

Second Revised Sheet No. 4 Second Revised Sheet No. 4 : Effective

Superseding: First Revised Sheet No. 4

STATEMENT OF TRANSPORTATION RATES

Effective Rates Applicable to Transportation Rate Schedules

Contained in this FERC Gas Tariff, Original Volume No. 1

The base tariff rates shown below, stated in dollars per Dth, are subject

to adjustment for FERC Annual Charges pursuant to Section 15 of the General

Terms and Conditions of this Tariff. The rates after adjustment are designated

"Currently Effective Tariff Rate".

Rate Schedule Base Tariff FERC

Rate Annual

Minimum Maximum Charges

______________ _______ _______ _______

$ $ $

FT-1 Reservation Charge 0.000 1.078

Commodity Charge*/ 0.000 0.000 0.0022

IT-1 0.000 0.035 0.0022

FT-1 Scheduled Overrun 0.000 0.035 0.0022

Transportation

IT-1 Scheduled Overrun 0.000 0.035 0.0022

Transportation

_____________________

*/ Portland General has no variable costs.