Enron Corp. notified the Securities and Exchange Commission lastweek it is considering an unsolicited offer from an unidentifiedcompany for its 53.5% share of Enron Oil and Gas, one of thelargest independent gas producers in the U.S. According to thesolicitation, the third party would acquire Enron’s shares in EOGand make an offer for all the outstanding shares. It also wouldrequire that Enron dispose of certain other assets.
Considers
Articles from Considers
Hoecker Issues Ultimatum; Industry Considers Delay
FERC Chairman James Hoecker issued an ultimatum to warringfactions in the gas industry last week, saying it is now or neverregarding major new initiatives aimed at a more competitive market,while two other commissioners in speeches in different citiesassured gas representatives they were open to debate andalternatives. But it was not clear that anyone was listening, asindustry leaders reportedly were attempting to forma coalition toask for a second delay – this time for six months – in the deadlineto respond to FERC’s proposals. (See Late Breaking News)
November 23, 1998
Matthews: WWP is an ‘Inventive’ Utility
After less than two years as president of NGC Corp., TomMatthews is leaving the company for an organization he considers anon-traditional utility, Washington Water Power (WWP). He said thecompany he will run as CEO and chairman of the board is among abouta half dozen utilities that have been “inventive and creative” inresponding to deregulation.
June 4, 1998
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