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.
Posted by hilsy | November 18, 2003 4:37 PM