Business Digest.Byline: The Register-GuardOREGON Oregon, city, United States Oregon, city (1990 pop. 18,334), Lucas co., NW Ohio, a suburb adjacent to Toledo, on Lake Erie; inc. 1958. It is a port with railroad-owned and -operated docks. The city has industries producing oil, chemicals, and metal products. Sale of Portland utility falls apart PORTLAND - Enron Corp. said Thursday it has agreed to call off the sale of Portland General Electric This article is not to be confused with PG&E, a San Francisco, California-based utility company Portland General Electric (PGE) (NYSE: POR) is an electrical utility, formerly owned by the Houston-based Enron Corporation (but now independent), that distributes electricity to , a $1.8 billion deal that was struck just weeks before the Houston-based energy giant collapsed in bankruptcy bankruptcy, in law, settlement of the liabilities of a person or organization wholly or partially unable to meet financial obligations. The purposes are to distribute, through a court-appointed receiver, the bankrupt's assets equitably among creditors and, in most last December. Enron had planned to sell PGE PGE Pacific Gas and Electric Company PGE Portland General Electric PGE Prostaglandin E PGE Platinum Group Elements PGE Pacific Great Eastern (Railroad) PGE Phenyl Glycidyl Ether PGE Perfect Girl Evolution , 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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