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Converging markets: The first real electric/gas merger

Journal Article · · Fortnightly
OSTI ID:482412

Enron`s bid to acquire Portland General heralds a new phase in utility competition. Why the Holding Company Act doesn`t matter. The merger agreement between Enron and Portland General Corp. has reshuffled the electric restructuring deck. It makes electric utilities takeover targets for outside suitors after 60 years of peaceful immunity. It drives home the fact that electric utilities will be thrust squarely into the zero-sum game of head-to-head competition. It demonstrates that market forces will limit the ability of regulators to control restructuring. It brings the convergence of gas and electric markets to center stage.

OSTI ID:
482412
Journal Information:
Fortnightly, Journal Name: Fortnightly Journal Issue: 18 Vol. 134; ISSN FRTNE8
Country of Publication:
United States
Language:
English

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