Stigma

While the Chapter 11 Enron Corp. bankruptcy drama with tens of billions of dollar at stake ever-so slowly unfolds in a New York City bankruptcy court, in the Pacific Northwest Portland General Electric (PGE), the only utility owned by Enron, operates with solid financial footing, but an increasingly shaky political foundation that is testing the $2 billion utility’s mettle. PGE has reached out to state lawmakers in an attempt to hold off city officials who are trying to force a municipal takeover of the utility.