Byline: The Register-Guard
PacificCorp buyout Buyout
The purchase of a company or a controlling interest of a corporation's shares.
A leveraged buyout is accomplished with borrowed money or by issuing more stock. plan
criticized at PUC (Public Utility Commission) A regulatory body in every state in the U.S. that governs public utilities within its jurisdiction such as electricity, gas, oil, sewer, water, transportation and telephone service. Some states call it the Public Service Commission (PSC). hearing
PORTLAND - A MidAmerican Energy MidAmerican Energy may refer to one of the following:
Business, consumer and environmental groups all faulted the plan on Tuesday, as did the staff of the Oregon Public Utility Commission, which is evaluating the proposed transaction.
Under state law, any company that wants to buy an Oregon utility must prove to the PUC that the transaction results in an overall benefit to customers.
``Staff is still struggling to find where in the application there are net benefits,'' said Mike Weirich, an attorney speaking on behalf of the PUC staff.
ScottishPower, based in Glasgow, Scotland, announced plans in May to sell the utility to MidAmerican of Des Moines, Iowa “Des Moines” redirects here. For other uses, see Des Moines (disambiguation).
Des Moines (pronounced /dɪˈmɔɪn/ in English, , for $5.1 billion in cash and $4.3 billion in assumed debt and preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders.
Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. .