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Sunday, July 24, 2005

Funny math

KOIN's reporting (last sentence) that the city spent about $1 million on its ill-fated quest to take over Portland General Electric.

But given that the city's out-of-pocket expenses on the PGE takeover had already reached $850,000 by June 2003, that can't be anywhere close to right.

UPDATE, 7/26, 12:09 a.m.: The Sunday O put the number at $2 million. Still seems low.

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