|
With Bill
Gates sitting on his board now, if this doesn’t signal the importance of energy
resources in the global economy, what does? Investor Buffet to
buy PacifiCorp from Scottish Power for $5.1 B, wants to buy more energy MidAmerican expects to
complete the purchase in 2006 upon approval by U.S. state and federal
regulators, including the Department of Justice and Securities and Exchange
Commission, which enforces the Public Utility Holding Company Act of 1935. Some
members of Congress are proposing the repeal of the act, which puts limits on
utility mergers. MORE POWER PacifiCorp, based in Portland, Oregon, operates in
California, Idaho, Oregon, Utah, Washington and Wyoming.
"There is more and more demand for electricity in the six states
where it operates," Buffett said at a news conference. |
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