This page contains a single entry from the blog posted on November 18, 2003 12:04 PM. The previous post in this blog was It's in the can. The next post in this blog is The PGE Deal. Many more can be found on the main index page or by looking through the archives.

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Tuesday, November 18, 2003

PGE sold -- to Goldschmidt!!!

You couldn't make up a wilder story than this. Portland General Electric is going to be sold to a new private utility, put together by none other than former Gov. Neil Goldschmidt!

So that's the bombshell he was dropping on Mayor Katz a few weeks ago!

I am not making this up. Read all about it here, here, and here.

Memo to Erik Sten: It's over.

Man, this makes Neil's little civic-minded op-ed piece in The Oregonian on Oct. 31 look even greasier than it first appeared. Of course he didn't want the people's utility district to succeed -- if there were many, many dollars of potential profit for himself at stake. You would think he would have disclosed that in his message to the voters. Ick!

Comments (1)

It looks like Neil and company are minor players financially but major players as far as control. Does anybody know any more about this investment outfit, Texas Pacific Group? A quick google and it looks like they've been busy acquiring everything in the last few years from chemical companies to Burger King.


Listed below are links to weblogs that reference PGE sold -- to Goldschmidt!!!:

» Enrons Announces Plans To Sell PGE, City And Others React from The One True b!X's PORTLAND COMMUNIQUE
Unbeknownst to me as I slept in, Enron this morning announced its plans for the sale of Portland General Electric: Enron Corp. plans to sell Portland General Electric to a newly formed entity backed by... [Read More]

» Jack, Neil and PGE from JohnHays.net
Jack Bogdanski and The One True b!X's PORTLAND COMMUNIQUE have been keeping track of the strange circumstances surrounding a couple of initiatives involving a Public Utility District. Apparently, all that hullaballoo was much "ado about nothing" becaus... [Read More]

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