Enron to Restore Utility in Northwest
- Share via
From Associated Press
Enron Corp. will return its Northwestern utility to its pre-Enron form as an independent, investor-owned business in light of Oregon regulators’ decision to block its sale to a Texas-based private investment firm, the company said.
Enron said it had abandoned the deal to sell Portland General Electric to a holding company backed by Texas Pacific Group. That proposal failed to pass muster with Oregon regulators last month.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
