Enron`s end run: Marriage of convenience eyes retail market
Enron`s proposed entry into the electric energy business is a {open_quotes}wake-up call.{close_quotes} Open competition will continue to accelerate, and new, aggressive players will seek ways to become involved as the energy and energy services businesses converge. A combined Enron/Portland General Corp. (PGC) would join PacifiCorp, Pacific Gas & Electric Co., and Puget/Washington Energy as a substantial company operating in the Pacific Northwest, with clear ambitions to operate nationally. Enron/PGC might be able to drive prices down by exploiting differentials between electricity and gas prices, and could also challenge current players in the wholesale electric power markets in the Pacific Northwest. Those companies may find themselves under pressure to get into or expand their presence in the gas business.
- OSTI ID:
- 482413
- Journal Information:
- Fortnightly, Journal Name: Fortnightly Journal Issue: 18 Vol. 134; ISSN FRTNE8
- Country of Publication:
- United States
- Language:
- English
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