Concerned Citizens Form 'Committee to Support PGE'.PORTLAND, Ore. -- The Committee to Support 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 (Committee) is being formed to advocate for the proposed stock redistribution re·dis·tri·bu·tion n. 1. The act or process of redistributing. 2. An economic theory or policy that advocates reducing inequalities in the distribution of wealth. plan for 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 (PGE). The Committee plans to officially register in the next three days. The Committee believes distributing the stock to creditors provides the best outcome for PGE customers and the communities it serves by returning PGE to its pre-Enron independent status. As an investor-owned company, the Committee believes that PGE will be able to continue its history of industry-leading customer service and reliability, strong community support and economic development leadership. The Committee to Support PGE is comprised of concerned Portland business people and community volunteers, including Dick Keller, Ron Timpe, Mark Ganz, Harold Schnitzer, Tim Boyle Tim Boyle (born January 28, 1984) is an Australian rules football player, playing forward with the Hawthorn Hawks of the Australian Football League. His career has been plagued by injuries. , Dick Reiten, Tom Walsh and Clayton Hering. The Committee to Support PGE also encourages citizens to sign the petitions currently being circulated by "Ask the Voters First." The signatures are being collected to refer an ordinance A law, statute, or regulation enacted by a Municipal Corporation. An ordinance is a law passed by a municipal government. A municipality, such as a city, town, village, or borough, is a political subdivision of a state within which a municipal corporation has been , recently passed by the Portland City Council, in order to give voters a voice in whether the city should borrow $3 billion to purchase PGE. Furthermore, the Committee is formulating plans to gather signatures for a separate ballot measure initiative for the May 2006 primary election that would encourage responsible private ownership of PGE and would require voter VOTER. One entitled to a vote; an elector. approval prior to City of Portland
"One way or another, whether by referendum vote or initiative, the people of Portland have a right to decide whether a $3 billion purchase of PGE, or any other business, by the city, is a good use of taxpayer dollars. We believe that many Portland voters have higher priorities than the acquisition of PGE, such as education, transportation and services to seniors," said committee member Clayton Hering. "Both the Portland Business Alliance and the Westside Economic Alliance have it right," says Hering. "They support the stock distribution over the other alternatives, including the city purchase." |
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