Enron announces proposed sale of Portland General Electric for , including assumption of debt. The sale is to a newly formed LLC backed by a private investment firm from Texas. This happens after Portland-area residents defeated a ballot measure to take over the utility on November 4. PGE had outspent supporters of the takeover 60-to-1.
//www.enron.com/corp/pressroom/releases/2003/ene/111803Release.html