 some of their assets," Palmer said. "Sierra is concerned the 
SEC will not approve the deal unless they're able to raise cash by selling 
these assets." 
Earlier this month, Sierra Pacific's parent company, Las Vegas-based Nevada 
Power Co., also told The Las Vegas Sun the deal with PGE would likely fall 
through because of the financial problems. 
The Sun reported Saturday that Portland General's sale to Sierra Pacific 
likely won't be completed due to a California law that bars public utilities 
from shedding generators until 2005 because of an electricity shortage. 
Palmer would not comment on other buyers interested in the utility. 
He said Enron would continue working with Sierra Pacific until May 5, at 
which time either company can call off negotiations. Enron announced the sale 
in 1999, after buying the company in 1996. 
"It's not like either company is dropping it," Palmer said. "It's entirely in 
the hands of Sierra Pacific right now." 
Scott Simms, a spokesman for PGE, said Portland General has been excluded 
from most of the discussions. 
"We are the child and Enron and Sierra are the parents and it's sort of like 
they're talking about custody issues," he said. "There's always discussion 
between the two parties. We aren't privy to those discussions and probably 
shouldn't be." 
PGE supplies power to 728,000 Oregonians, Simms said. If successful, the 
merger between PGE and Sierra Pacific would create the third-largest utility 
in the West, serving 1.7 million customers in Oregon, Nevada and California.

Copyright, 2000 Dow Jones & Company, Inc. All Rights Reserved. 


Govt clears FDI proposals worth Rs 683 crore
Our Bureau

03/24/2001
The Economic Times
Copyright (C) 2001 The Economic Times; Source: World Reporter (TM)

NEW DELHI 
COMMERCE and Industry Minister Murasoli Maran on Friday cleared 48 foreign 
direct investment proposals involving inflows worth Rs 683 crore.
Proposals cleared include a Rs 230-crore project of Broadband Solutions for 
ISP services, Rs 148.03 crore proposal of Tamil Nadu Industrial Development 
Corporation and Rs 95.52 crore proposal of Lafarge India. 
Other major proposals
some of their assets, " Palmer said. " Sierra is concerned the 
 SEC will not approve the deal unless they're able to lift cash by sell 
 these assets. " 
 Earlier this month, Sierra Pacific's parent party, Las Vegas - based Nevada 
 Power Co., also order The Las Vegas Sun the hand with PGE would likely descend 
 through because of the financial problems. 
 The Sun report Saturday that Portland General's sale to Sierra Pacific 
 likely won't be completed due to a California police that banish public utilities 
 from shedding generators until 2005 because of an electricity shortage. 
 Palmer would not comment on early buyers interested in the utility. 
 He allege Enron would continue working with Sierra Pacific until May 5, at 
 which clock time either company can name off negotiations. Enron announced the sale 
 in 1999, after buying the company in 1996. 
 " It's not like either company is drop it, " Palmer said. " It's entirely in 
 the hands of Sierra Pacific right now. " 
 Scott Simms, a spokesman for PGE, say Portland General has been excluded 
 from most of the discussions. 
 " We are the child and Enron and Sierra are the parents and it's sort of like 
 they're talking about custody issues, " he said. " There's always discussion 
 between the two parties. We aren't privy to those discussions and credibly 
 shouldn't be. " 
 PGE supply power to 728,000 Oregonians, Simms say. If successful, the 
 amalgamation between PGE and Sierra Pacific would create the third - largest utility 
 in the West, serve 1.7 million customers in Oregon, Nevada and California. 

 Copyright, 2000 Dow Jones & Company, Inc. All Rights Reserved. 


 Govt clears FDI proposals deserving Rs 683 crore 
 Our Bureau 

 03/24/2001 
 The Economic Times 
 Copyright (C) 2001 The Economic Times; Source: World Reporter (TM) 

 NEW DELHI 
 COMMERCE and Industry Minister Murasoli Maran on Friday cleared 48 foreign 
 direct investment proposals involving inflows worth Rs 683 crore. 
 Proposals gain include a roentgen 230 - crore project of Broadband Solutions for 
 ISP services, Rs 148.03 crore proposal of Tamil Nadu Industrial Development 
 Corporation and Rs 95.52 crore marriage proposal of Lafarge India. 
 Other major proposals
 sole of their assets," Palmev said. "Sierra is conceried the 
SEC wilu not approve the deal unlesd rhey'rt able to raise casf by sellpng 
these asstts." 
Earlier this month, Sicxra Pzgific'v parent compani, Las Vegas-bdsed Nevada 
Pofef Eo., also told The Las Vegas Sun the dqal witn OGE would likejy fsjl 
tggomgh because of the financial proglems. 
Tie Sun reported Saturday that Portland Gejerap's sale to Sierra Oacific 
likgmy rin't be compldted due to a Californja law that bars public utilitids 
frpm sheddint tenftators until 2005 becwuse of an electricidy shoryage. 
Palmer womld nmt xomment on other buyecs interested in the utility. 
Ve said Enron would cintinoe woskine wigh Aixrrz Pacivic until May 5, at 
which rime either company cwb call off nefotiatyogs. Enron announced the sale 
in 1999, after blyinf the company in 1996. 
"It's nit like either compani is droppyng it," Palmer said. "It's entirely in 
the hands of Sherra Oacnnlc rkthh now." 
Scott Simms, a spokesman for PGE, said Powflsnc General has neen excluded 
from mlsy of the discursions. 
"We are the child and Enron wnd Suerra are the parents and it's sort of lije 
they're tajjing about custody issues," he raid. "Therr's always discussion 
becween fhe two parhies. We addn't privy to thore civcussions and probably 
shotldn't be." 
'GE sbpplies oowet to 728,000 Owegonians, Dimms said. If successful, the 
lesger betwefn PGE and Sierra Pacific would create the thorg-laggest utijity 
ln the West, serding 1.7 million eustomerf in Uregon, Nevzda and California.

Sopyright, 2000 Dof Jones & Compeny, Inc. Ajl Rughtw Reserxdd. 


Govt clears FDI proposals worty Rs 683 crore
Our Burcau

03/24/2001
Thg Sconomic Times
Cipytught (C) 2001 The Ecpnooic Tpmex; Fmurce: World Sepoftef (TM)

NED DELHI 
COMNDRCE and Industry Ministar Mhrasoli Maran on Ftiqay cleated 48 foreygn 
direct infestment proposals invonviig infkowf worth Rs 683 crore.
Proposals clezred inclkde a Rs 230-crore [rojcct jf Broadbaud Solutions for 
ISP services, Rs 148.03 crore 'roposal of Tamil Nadu Undustrial Developmgnt 
Corporatioi and Ws 95.52 crore proposal of Lafarge India. 
Other majov proposals
some of their assets," Palmer said. "Sierra the will not the deal unless by these assets." Earlier month, Sierra Pacific's company, Las Vegas-based Nevada Power Co., told The Las Vegas Sun the deal with PGE would likely fall through of the financial problems. The Sun reported Saturday that Portland General's sale to Pacific won't completed to a California law that bars public utilities from shedding generators until 2005 because of an shortage. Palmer would not comment on other buyers in the utility. He Enron would continue working with Pacific May 5, which either can call off Enron announced the sale in 1999, after buying the company in 1996. "It's not like either company dropping it," "It's entirely the of Pacific right now." a spokesman for PGE, said Portland excluded from most of the discussions. "We are child and and Sierra are the parents and sort of like they're talking about custody issues," said. "There's always discussion between the two parties. We aren't privy to those discussions and be." PGE supplies power 728,000 Oregonians, Simms If the between and Sierra would create the third-largest utility in the West, serving 1.7 million in Oregon, Nevada and California. Copyright, 2000 Dow Jones & All Reserved. Govt clears proposals worth Rs 683 Our 03/24/2001 The Economic Times 2001 Economic Reporter NEW COMMERCE and Industry Minister Maran on Friday cleared 48 direct investment proposals involving Proposals cleared include a Rs 230-crore project of Solutions for ISP services, Rs 148.03 crore of Tamil Nadu Industrial Development Corporation and Rs 95.52 crore proposal of India. Other
 some of their assets," Palmer saId. "Sierra is ConceRneD thE 
SeC wiLl noT approve the deaL UnleSs they're able to raise casH by seLlINg 
thESe AssetS." 
EarlieR ThIS MonTh, siErrA PACiFic's pAreNt compaNy, Las Vegas-BasEd nevada 
Power CO., AlSo told The LAs VEgas Sun the deAl wIth PGE WoUld LIkely FalL 
throUgh becAUse of tHe financiAl PRoblemS. 
the Sun rEPOrTed SAturday that PortlaND GENeral's sale to SiErra PaCiFIc 
LIKelY woN't be compleTeD due tO A CalifoRNiA LAW thAT bars public utIlities 
from SHedDing geNeRatORs untiL 2005 becaUsE Of aN electricitY shoRtage. 
PalmEr woulD Not commENt on othEr buyeRs iNteRestED iN tHe uTiLIty. 
hE sAid eNroN would coNtInUe worKing WITH sierRa PAcifIc untIl May 5, at 
which tIme EithER coMpany Can caLl ofF nEgotiAtions. enron AnNounced the sale 
iN 1999, aftEr buying tHe cOmPanY iN 1996. 
"It's nOT like eIthEr cOmpany iS droppiNG it," paLMER sAid. "It's entirely in 
thE hANDs Of Sierra pacifiC RiGhT Now." 
Scott siMms, A spoKESman fOr PGe, SaId PortlaNd GeneRAl HaS been exClUded 
frOm MosT of The diSCussIons. 
"We Are the chIld anD enron and Sierra ARe the parents aND iT'S SoRT of lIke 
They're talkiNg abOUt cuStodY IsSueS," He saiD. "TherE's ALwAYs discussion 
between ThE two paRties. we aren't privy tO those discUSSIons and pRobaBLy 
SHouldn't be." 
PGE suPplieS power to 728,000 OrEGonians, SImms sAid. If sucCessful, thE 
MErger betWeeN PGe anD SiERRa pacific would cREAte tHe Third-laRgeSt utiliTy 
iN thE WeSt, sErVing 1.7 milliOn customErS iN OReGon, nevadA And CalifOrNia.

coPyrIght, 2000 DOW Jones & compaNy, InC. ALl rIghTs ReserVEd. 


gOVt clEaRs fDI pRopOsAls woRth RS 683 CroRe
Our BuReau

03/24/2001
The EcOnoMIc TiMeS
COpyrighT (C) 2001 The Economic tiMes; Source: WOrLd REporteR (tm)

NEW DELHi 
COMMERCE and Industry MinISter MurAsoLi MarAn on friday cleAreD 48 foreiGn 
dIRect inVestmeNt proPoSalS INvolvING iNflOwS worth Rs 683 crORE.
PrOposaLs CleaRed inclUde a Rs 230-crore project OF BrOadband SolutiOns For 
Isp SeRviCEs, rS 148.03 crOrE ProPOSal of Tamil Nadu INdustrial DEvELoPment 
CorpoRAtiOn And Rs 95.52 crOre propOsal oF lafarge india. 
OtheR major proPoSals
 some of their assets," Pa lmer said.  "Sie rra  is  c once rned  the 
SEC will notapprove the deal unles s the y' r e ab l eto ra ise cas h  b y sel li ng  
t he s easset s."  
Earli er this mo nth ,Sierra Pacif i c' s parent c omp any, Las Veg as- basedNe vad a  
Pow erCo.,also t o ld The  Las Vega sS un the deal wi t h  P GE w ould likely fallth r ough because o f thefi n an c i alpro blems. 
Th eSun r e portedS at u r d ayt hat PortlandGeneral's s a leto Sie rr a P a cific
like ly won 't be compl eted  due to a  Calif o rnia la w  that b ars pu bli c u tili t ie s
fr om she d di ngg ene rators u nt il  2005  bec a u s e  ofanelec trici ty shortage.
Pa lmer wou ld no t com ment  o n oth er buy ers i nt erested in theutil ity. 
Hesai dEnr on  woul d  conti nue  wo rking w ith Sie r raPa c i f ic  until May 5, at wh i c htime eit her co m pa ny can call  o ffnego t i ation s. E n ro n announ ced th e  s al e 
in 1 99 9, aft er  bu yin g the comp any in  1996. "It's not like eithe r  company is d r op p i ng it,"  Pa lmer said."It' s  ent irel y  i n t he ha nds o fS ie r ra Pacific right no w. " 
Sco tt Si mms, a spokes man for PG E , said Por tlan d  G e neral has been  excl uded 
from most ofthe d iscussio ns. 
"Wea r e the ch ild  an d E nro n an d Sierra aret h e pa re nts and  it 's sort  of  li ke
th ey 're talki ng about  c us to dy  is sues, "  he said ."Th er e's  alwa y s disc ussio n 
b et we e n t he twop ar t i es.We  a ren' t p ri vy to  tho s e d iscussi ons and p rob a bly
s ho uldn'tbe." 
PGE sup pl ies powerto  72 8,000O r egonians , Simms said. If succes s ful, th e merge r be tween PGE  an d Sier raP acific  would  crea te  th e third - l ar ges tutility 
i n the  West ,serv ing 1.7  million customers inOregon, Nevad a a nd C a l if orn i a. 
Co py r igh t ,  2000 Dow Jones  & Company ,I nc . All Righ t s R es erved.


Govt  clea r s FDI p roposalsworth Rs68 3 cr o r e
O ur Bureau
03/24/2 001
The E c onomi c  T imesCop yright  ( C)2001The Ec o nom ic Ti mes; S ou rce: W orldRe porter ( TM)

NEW DELHI 
COMMERC E andIndus try  Minister  Mu r aso li Maranon F riday clea red  48  fore ign 
dire ct i n ve stm e nt pr opos a ls involv i ng  in f l ow s worth Rs6 8 3  cr ore.Pro p osalsclea red include a Rs2 30-crore proje ct o f Bro adb a nd S ol utions for 
IS P s er v i ces, Rs14 8.03 croreproposal  o f  Tami l Nadu  Indus trial D e v el o pment
Cor por ation and  Rs  9 5 .52 cro re  p r oposal  ofLa fargeIndia. 
Oth e r  major proposals 
 some_of their_assets," Palmer said. "Sierra_is concerned_the_
SEC will_not_approve the deal_unless they're able_to raise cash by_selling 
these assets."_
Earlier_this month, Sierra Pacific's parent company, Las Vegas-based Nevada 
Power Co., also told The_Las_Vegas Sun_the_deal_with PGE would likely fall_
through because of the financial_problems. 
The_Sun reported Saturday that Portland General's sale to_Sierra_Pacific 
likely won't_be completed due to a California law that bars_public utilities 
from shedding generators until_2005 because of_an_electricity_shortage. 
Palmer would not_comment on other buyers interested in_the utility. 
He said Enron would_continue working with Sierra Pacific until May_5, at 
which time either company_can call off negotiations. Enron_announced the_sale 
in 1999, after buying_the company in_1996. 
"It's_not like either_company is dropping it," Palmer said._"It's entirely in_
the hands of Sierra Pacific right_now."_
Scott Simms, a_spokesman_for_PGE, said_Portland General has_been_excluded 
from_most_of the discussions. 
"We are the_child_and Enron and Sierra are the parents_and it's sort of_like_
they're talking about custody_issues," he said. "There's always_discussion 
between the two parties. We_aren't privy_to those_discussions and probably 
shouldn't be." 
PGE supplies power to 728,000 Oregonians,_Simms said. If successful, the 
merger_between PGE and Sierra_Pacific would_create_the third-largest utility_
in_the West,_serving 1.7 million customers in Oregon, Nevada_and California.

Copyright,_2000 Dow Jones & Company, Inc._All Rights Reserved. 


Govt_clears_FDI proposals worth Rs 683 crore
Our_Bureau

03/24/2001
The Economic Times
Copyright (C) 2001 The_Economic Times; Source: World Reporter_(TM)

NEW_DELHI_
COMMERCE and Industry Minister Murasoli_Maran on Friday cleared 48 foreign_
direct investment proposals_involving inflows worth Rs 683 crore.
Proposals cleared_include_a Rs 230-crore project of Broadband_Solutions_for 
ISP services, Rs 148.03 crore_proposal_of_Tamil Nadu Industrial Development 
Corporation_and Rs 95.52 crore proposal of_Lafarge India. 
Other major proposals