Also known as Portland General Electric Company, PGE
Portland General Electric is an Oregon electric utility. It became independent of Enron in April 2006 through issuance of new shares for Enron’s creditors.
PGE was a separately incorporated utility: it was not itself an Enron bankruptcy debtor, although Enron’s ownership of its shares formed part of the bankruptcy estate.
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Enron grew from pipelines into energy trading and investment, then used conflicted partnerships and misleading reporting to obscure risk. Internal warnings, public disclosures and a failed rescue exposed the dependence of its accounts, credit and liquidity on one another.
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