Business Services Industry
Interim Enron Chief Says Negotiations Continue on Utility Sale.
Knight Ridder/Tribune Business News, March, 2002
By Laura Goldberg, Houston Chronicle Knight Ridder/Tribune Business News
Mar. 7--Enron Corp.'s agreement to sell utility Portland General Electric isn't a done deal, Steve Cooper, Enron's interim chief executive, said Wednesday.
Cooper, in an interview with the Chronicle, said Enron and Northwest Natural Gas Co. "haven't come to closure on the contract. It's still being negotiated."
Two months before Enron filed for bankruptcy protection, it said it would sell Portland General for almost $1.9 billion, plus the assumption of debt, to Northwest.
Proceeds from a sale of Portland General, which has customers in Oregon and Washington, would flow to Enron's creditors.
Asked if he'd want to keep Portland General as a part of a...
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