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The Spokesman-Review Newspaper
Spokane, Washington  Est. May 19, 1883

Enron Cuts Pgc Bid

Bloomberg News

Enron Corp. said it’s cutting the amount of stock it will give Portland General Corp. shareholders and offering $141 million “in customer benefits” to the Oregon utility’s ratepayers. Under the revised agreement, each Portland General share will be traded for 0.9825 share of Enron stock. Enron and Oregon utility regulators have been at odds over rate cuts for Portland General.