This electro-proportional, direct-acting reducer/reliever valve reduces a high primary pressure at the inlet (port 2) to a constant reduced pressure at port 1, with a full flow relief function from port 1 to tank (port 3). The valve is biased to the relieving mode. Energizing the coil connects port 2 to port 1. Increasing the current to the coil will proportionally increase the reduced pressure at port 1. If pressure at port 1 exceeds the setting induced by the coil, pressure at port 1 is relieved to port 3. This valve is open in the transition from reducing to relieving. It provides good pressure control and dynamic response. Optional full manual control is available.