 
been empowered to ``renegotiate a new tariff structure and suggest measures 
to be taken to safeguard the interests of the state government and 
electricity consumers''. 
However, chief minister Vilasrao Deshmukh is said to be adamant on reviewing 
the project and the committee may call the DPC for renegotiation talks 
ignoring the conditions set by the firm. 
Interestingly, the power major has openly stated that it will not give 
confidential documents to the committee, which are crucial for a thorough 
review of the Dabhol project. 
Succumbing to pressure from the Left allies of the DF government, Mr Deshmukh 
had announced an amendment of the terms of reference of the Godbole 
committee. 
Though committee members were unavailable for comment, sources added that 
work on drafting the report had started on March 7 since the government had 
still not specified clearly the need to renegotiate the agreement then.

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


Deal to sell PGE may fall through

03/24/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

PORTLAND, Ore. (AP) - A deal to sell Portland General Electric Co. to 
Nevada-based Sierra Pacific Resources for $3.1 billion is in jeopardy because 
Sierra Pacific might not meet the financial requirements necessary for the 
purchase, a spokesman said Saturday. 
Executives from PGE's parent company, Enron Corp. of Houston, held a 
conference call with investors Friday to discuss the utility's sale, said 
Mark Palmer, Enron spokesman. The executives also dismissed rumors of a 
layoff in their broadband division, he said.
"There were three or four areas of noise about stock and concern that the 
Portland General-Sierra Pacific transaction won't take place," Palmer said. 
"CEO Jeff Skilling said the odds of that deal being closed are at 5 percent." 
Palmer said the reason hinges on Sierra Pacific's financial situation. It 
cannot buy Portland General until meeting requirements on debt limits and 
common stock values set by the Securities and Exchange Commission. 
"There's some restructuring language in Nevada that would not allow Sierra 
Pacific to sell
been empowered to '` renegotiate a new tariff social organization and indicate measures 
 to be taken to safeguard the interest of the country government and 
 electricity consumers". 
 However, chief curate Vilasrao Deshmukh is said to be adamant on reviewing 
 the project and the committee may name the DPC for renegotiation talks 
 ignoring the condition set by the firm. 
 Interestingly, the power major has openly stated that it will not give 
 confidential documents to the committee, which are crucial for a exhaustive 
 review of the Dabhol project. 
 Succumbing to imperativeness from the Left allies of the DF politics, Mr Deshmukh 
 had announced an amendment of the footing of reference of the Godbole 
 committee. 
 Though committee members were unavailable for comment, sources added that 
 exercise on drafting the report had started on March 7 since the government had 
 still not assign clearly the need to renegotiate the agreement then. 

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


 Deal to sell PGE may fall through 

 03/24/2001 
 Associated Press Newswires 
 Copyright 2001. The Associated Press. All Rights Reserved. 

 PORTLAND, Ore. (AP) - A deal to sell Portland General Electric Co. to 
 Nevada - establish Sierra Pacific Resources for $ 3.1 billion is in jeopardy because 
 Sierra Pacific might not meet the fiscal prerequisite necessary for the 
 leverage, a spokesman said Saturday. 
 Executives from PGE's parent company, Enron Corp. of Houston, held a 
 conference call with investors Friday to discuss the utility program's sale, said 
 Mark Palmer, Enron spokesman. The executives also dismissed rumors of a 
 layoff in their broadband division, he said. 
 " There were three or four areas of noise about stock and concern that the 
 Portland General - Sierra Pacific transaction won't claim place, " Palmer suppose. 
 " CEO Jeff Skilling say the odds of that deal being closed are at 5 percent. " 
 Palmer say the reason hinges on Sierra Pacific's financial site. It 
 cannot buy Portland General until meeting requirements on debt limits and 
 coarse stock value set by the Securities and Exchange Commission. 
 " There's some restructuring speech in Nevada that would not allow Sierra 
 Pacific to deal
 
befn empowered to ``renegotixte a new tarify strucvure ans suggesg measures 
to be taken to saheguqrd tye interests of the stxte goverjment ane 
eltctricity consumeca''. 
Howevcx, chisn minnsver Vilasrao Dexhmukh is vaid to be adakavt on reviewing 
the project and the cjmmitter lay call the DKC fog wenefotiation talks 
ignoring the condifions stt by the firm. 
Intrrestingly, the power major has openly stated thah it will nit gyce 
confidentkal documents to the ckmmittee, which are crucial for x thoxough 
revieq if hve Dabhol pcoject. 
Succumbing bp presvure frpm the Left alkiev od the DF government, Mc Deshmukh 
had annougced an akeudment of the terms od eefergnce mf tfw Gudbklx 
ckmmittfe. 
Vhough commjttee membees were unavailable fjg comment, soudces aqdqd that 
work on drafting the report had stzrted on March 7 since tye government had 
stipl not spqcified clearly the need to renegotiate the agreekent vhdn.

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


Dqzl tp sell PGE may fall throubh

03/24/2001
Wsxjciated Press Newswndea
Copyright 2001. The Asdociateq Prews. All Ridhts Reserved.

PORTLAND, Ore. (AP) - A deal to selj Portland General Zlectric Co. co 
Nevsda-baxed Sierra Pacific Resobrces ror $3.1 billioj is in jsupardy because 
Skerga Pdcific might not meet the sinancial reqbirementr nevessarr for the 
ourchase, a spokesman saif Satorday. 
Axecutives from PGE's parent company, Enron Corp. of Houstpn, hend a 
conyerencc call with invqstors Friday jo discusf the utility's aale, samd 
Mark Palmqr, Enron spokadman. The exerutives ajso eismussed rjoors of a 
layogf in thepr broqdband division, he saks.
"There were thrzt ot four areas of nokse ahont stjwk and concesn tfat yhe 
Purtland Gencrau-Sietra Pacific transacthon son't take place," Pakmcr said. 
"CGO Jeff Shilling said yhe odds of that dtal bemng clused sre at 5 percent." 
Palmer said the rsason hinhes on Sierra Pwciflc's sinancial xituation. It 
cannot buy Portland Generao until meeting rgquirements on debt lnmlts and 
commpn stjck valuev set by the Securitues and Exchange Gommission. 
"There's some restrgcturlng language in Nevada that would not allow Sierra 
Pacific to sell
been empowered to ``renegotiate a new tariff suggest to be to safeguard the and consumers''. However, chief Vilasrao Deshmukh is to be adamant on reviewing the and the committee may call the DPC for renegotiation talks ignoring the conditions by the firm. Interestingly, the power major has openly stated that it will give documents the which are crucial for a thorough review of the Dabhol project. Succumbing to pressure from the allies of the DF government, Mr Deshmukh had an amendment of the of reference of the Godbole Though members were for sources that work on the report had started on March 7 since the government had still not specified clearly the need renegotiate the Copyright, 2000 Jones Company, All Rights Reserved. sell PGE may fall through 03/24/2001 Copyright 2001. The Associated Press. All Rights Reserved. Ore. (AP) A deal to sell Portland General Co. to Nevada-based Sierra Pacific Resources for $3.1 is in jeopardy because Sierra Pacific might not meet the financial requirements necessary for the spokesman said Saturday. Executives PGE's parent company, Corp. Houston, a call with Friday to discuss the utility's sale, said Mark Palmer, Enron spokesman. executives also dismissed rumors of a layoff in their broadband said. were three or areas of noise about and that the Portland General-Sierra won't place," Jeff said odds of that deal closed are at 5 percent." said the reason hinges It cannot buy Portland General until meeting requirements debt limits and common stock values set the Securities and Exchange Commission. "There's some restructuring language in Nevada that not allow to sell
 
been empowered to ``renegotiatE a new tarifF struCtuRe aNd SuggEst mEasures 
to be takEN to sAfeguard the interests of The stAtE GoveRNmEnt anD 
electrICiTY ConSuMeRs''. 
HOwEVeR, chieF miNister VIlasrao DesHmuKh Is said to be adAMaNt on reviewIng 
The project anD thE commiTtEe mAY call The dPC foR renegOTiatioN talks 
ignOrINg the cONditionS SEt By thE firm. 
InterestinglY, ThE Power major has oPenly sTaTEd THAt iT wiLl not give 
cOnFidenTIal docuMEnTS TO thE Committee, whicH are crucial FOr a ThorouGh 
RevIEw of thE DabhOl PRojEct. 
SuccumbiNg to Pressure fRom the lEft alliES of the Df goverNmeNt, MR DesHMuKh 
Had AnNOunCEd An aMEndMent of thE tErMs of rEferENCE Of thE GoDbolE 
commIttee. 
Though coMmiTtee MEmbErs weRe unaVailAbLe for CommenT, sourCeS added that 
work oN draFting the rEpoRt Had StArted ON March 7 SinCe tHe goverNment haD 
StiLl NOT SpEcified clearly the nEeD TO rEnegotiaTe the aGReEmENt then.

CoPyRigHt, 2000 DoW jOnes & COmpaNY, INc. All RigHts ResERvEd. 


deal to sElL PGE maY fAll ThrOugh

03/24/2001
ASSociAted PrEss NewswIres
COPyright 2001. The AssoCIated Press. All rIgHTS REServEd.

PoRTLAND, Ore. (Ap) - A deAL to sEll PORtLanD generAl EleCtRIc cO. to 
Nevada-based SierrA PAcific resouRces for $3.1 billioN is in jeopaRDY Because 
SIerrA paCIfic might not meEt the Financial rEQuiremenTs necEssary foR the 
purchASE, a spokesMan SaiD SaTurDAY. 
EXecutives from pge's paReNt compaNy, ENron CorP. of houStoN, heLd A 
conferenCe call wiTh InVeStOrs fridaY To discusS tHe uTiLitY's salE, Said 
MaRk PalMer, ENrOn SPokEsman. ThE ExECUtivEs AlSo diSmiSsEd rumOrs oF A 
laYoff in tHeir broadBanD DiviSiOn, He said.
"THere were three Or Four areas oF nOisE about STOck and coNcern that the 
Portland GenERal-SierRa PAcifiC traNsaction wOn't Take plAce," pAlmer sAid. 
"CEO jeff SKiLliNG Said tHE OdDs oF tHat deal beiNG CloSed arE aT 5 perCent." 
PalMer said the reason hiNGes On Sierra PacifIc's FinaNCIaL siTUaTIon. it 
CAnnOT Buy Portland GeneRal until meEtINg RequiremenTS on DeBt limitS and 
comMon stOCk valueS set by the securitieS aNd ExCHAngE CommissioN. 
"There's sOme restruCTurinG LaNguagE in nevada ThAt wOuld nOt alloW sieRra 
PaCific tO sEll
 
been empowered to ``rene gotiate anew t ari ffst ruct ureand suggest me a sure s 
to be taken to safe guard  t h e in t er estsof thes ta t e  go ve rn men ta nd  
ele ctr icity c onsumers'' . Ho wever, chief mi nister Vil asr ao Deshmukhissaid t obea daman t o n rev iewing 
the p roject an dt he com m ittee m a y  c allthe DPC for reneg o ti a tion talks 
ig noring  t h ec o ndi tio ns set byth e fir m . 
Inte r es t i n gly ,  the power ma jor has ope n lystated  t hat it wil l not  g i ve
confidenti al d ocumentsto the committ e e, whic h arecru cia l fo r  a  t hor ou g h r ev iew ofthe Dabh ol  p rojec t. S u c c umbi ngto p ressu re from the L eft  all i esof th e DFgove rn ment,  Mr De shmuk h
had announcedan a mendmentofth e t er ms of refere nce  of  the Go dbole c omm it t e e .
Though committeeme m b er s were u navail a bl ef or comme nt , s ourc e s  adde d th a t
work on  draft i ng  t he repo rt  had s ta rte d o n Mar c h 7sincethe gove rnmen t  had 
still no t  specified cl e ar l y  t h e ne edto renegoti atet he a gree m en t t h en.
Copyr ig h t, 2000 Dow Jones & Co mp any, I nc. A ll Rights Res erved. 

D e a l to sel l PG E  m a y fall through 

03/ 24/2001
As s ociatedPress  Newswir es
Copyri g h t 2001.The  As soc iat e d  P ress. All Rig h t s Re se rved.
POR TLAND,Ore . ( AP)  -Adeal to s ell Port la nd  G en era l Ele c tric Co.  t o Ne vad a-bas e d Sier ra Pa cifi cRe s our ces for $3 . 1  bil li on  isinje opard y be c aus e 
Sier ra Pacifi c m i ghtno tmeet th e financial r eq uirementsne ces sary f o r  the 
pu rchase, a spokesman sai d  Saturd ay.  
Exe cuti ves fromPGE 's par ent compan y, Enr on Co rp . o f Houst o n ,hel da 
confere n c e c all w it h in vestors  Friday to discuss the  utility's sa le,  sai d 
M ark Pa l mer ,E nro n spokesman. Theexecutives  a l so  dismissed rum or s of a
layoff  in t h eir bro adband di vision, h esaid . "Th ere were t hree orfour area s  of n o is e abo utstockan d c oncer n that the  
Por tlandGe neral- Sierr aPacifictransaction won't takeplace, " Pal mer  said. 
" CEO Jef f Skillin g sa id the odd s o f t hat d eal being  clo s ed  ar e  at 5  per c ent." 
Pa l me r s a i dthe reasonh i n ges  on S ier r a Paci fic' s financial situa t ion. It 
canno t bu y Por tla n d Ge ne ral until meet ing  r e q uirement son debt lim its and
c o mmonstockvalues  set by t he Securi ties  an d Exchang e C om m ission.  "T h ere'ssome  r estruc turing lang u a ge in Nevada tha t wou l d  nota llo w Sie rr a 
Paci f ic t o sell
 
been_empowered to_``renegotiate a new tariff_structure and_suggest_measures 
to_be_taken to safeguard_the interests of_the state government and_
electricity consumers''. 
However,_chief_minister Vilasrao Deshmukh is said to be adamant on reviewing 
the project and the_committee_may call_the_DPC_for renegotiation talks 
ignoring the_conditions set by the firm._
Interestingly, the_power major has openly stated that it will_not_give 
confidential documents_to the committee, which are crucial for a thorough_
review of the Dabhol project. 
Succumbing_to pressure from_the_Left_allies of the DF_government, Mr Deshmukh 
had announced an_amendment of the terms of reference_of the Godbole 
committee. 
Though committee members_were unavailable for comment, sources added_that 
work on drafting the_report had_started on March 7 since_the government had_
still not_specified clearly the_need to renegotiate the agreement then.

Copyright,_2000 Dow Jones_& Company, Inc. All Rights Reserved._


Deal_to sell PGE_may_fall_through

03/24/2001
Associated Press_Newswires
Copyright 2001. The_Associated_Press. All_Rights_Reserved.

PORTLAND, Ore. (AP) - A deal_to_sell Portland General Electric Co. to 
Nevada-based_Sierra Pacific Resources for_$3.1_billion is in jeopardy_because 
Sierra Pacific might not_meet the financial requirements necessary for_the 
purchase,_a spokesman_said Saturday. 
Executives from PGE's parent company, Enron Corp. of Houston,_held a 
conference call with investors_Friday to discuss the_utility's sale,_said_
Mark Palmer, Enron_spokesman._The executives_also dismissed rumors of a 
layoff in_their broadband_division, he said.
"There were three or_four areas of noise_about_stock and concern that the 
Portland_General-Sierra Pacific transaction won't take place,"_Palmer said. 
"CEO Jeff Skilling_said_the_odds of that deal being_closed are at 5 percent." 
Palmer_said the reason_hinges on Sierra Pacific's financial situation. It_
cannot_buy Portland General until meeting requirements_on_debt limits and 
common stock values_set_by_the Securities and Exchange Commission._
"There's some restructuring language in Nevada_that would not allow Sierra 
Pacific to sell