Enron to Restore Utility in Northwest
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.
