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Business Digest.

Byline: The Register-Guard

OREGON

Sale of Portland utility falls apart

PORTLAND - Enron Corp. said Thursday it has agreed to call off the sale of Portland General Electric, a $1.8 billion deal that was struck just weeks before the Houston-based energy giant collapsed in bankruptcy last December.

Enron had planned to sell PGE, the largest and oldest utility in Oregon, to Northwest Natural Gas Co. Both are based in Portland. NW Natural Chairman Richard Reiten said the Enron collapse posed too many problems.
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Title Annotation:Business
Publication:The Register-Guard (Eugene, OR)
Geographic Code:1USA
Date:May 17, 2002
Words:83
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