Business Services Industry
Las Vegas Review-Journal, Nev., Business Briefs Column.
Knight Ridder/Tribune Business News, March, 2001
Las Vegas Review-Journal, Nev. Knight Ridder/Tribune Business News
Mar. 24--ENRON SAYS DEAL PROBABLY WON'T CLOSE: Enron Corp., the largest energy trader, said its $3.1 billion sale of Portland (Ore.) General Electric Co. to Sierra Pacific Resources of Reno probably won't be completed.
"There's probably a 5 percent probability that Sierra Pacific's purchase of Portland General will be consummated," Chief Executive Jeffrey Skilling said Friday in a conference call with investors.
Enron said in January that Sierra Pacific, the parent company of Las Vegas-based Nevada Power Co., might not be able to sell a Nevada power-plant stake as needed to win regulatory approval for the Portland General transaction. Enron blamed a California law that...
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