At least one knowledgeable handicapper in the liquefied natural gas (LNG) export race in the United States thinks one longshot, the Jordan Cove LNG Project along the south-central Oregon coast, may prove to be a big winner.
Longshot
Articles from Longshot
Long, Winding Road for Would-be PGE Buyers
State law and bankruptcy reorganization criteria make it a longshot that any of the public or private-sector proposals to buy Portland General Electric (PGE) will displace the current plan to distribute the Enron Corp. utility’s stock to the Chapter 11-reorganized holding company’s major creditors. The possibility of another buyer emerging is not impossible, but unlikely, according to sources at both the utility and holding company.
April 18, 2005
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