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NW Natural Gas in talks for Portland General.(Northwest Natural Gas)(Brief Article)
Byline: Claire Poole in Houston
Portland, Ore.-based utility Northwest Natural Gas Co. confirmed Oct. 5 it is in talks to acquire Portland General Electric Co. from Houston energy trading and marketing giant Enron Corp.
In a terse statement, Northwest Natural Gas revealed no details of the negotiations, but warned that a deal was no certainty.
"There can be no assurances that any transaction will result from these discussions," it said. "NW Natural does not intend to make any additional comments regarding this matter unless and until a formal agreement has been reached."
Enron spokeswoman Karen Denne would not confirm whether the company was talking with Northwest Natural Gas or anyone else about Portland General.
"It's our standard corporate policy not to comment on potential acquisitions or divestitures," she said. …
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