How City of Portland could have bought PGE
The City Council of Portland was very interested in buying Portland General Electric from what was left of Enron. Rate cuts of 10% or more were talked about. With amazing 20-20 hindsight, it’s now obvious what the City should have done: Keep PGE’s rates the same! Keeping them the same would have let them . Give rebates to other cities. Here, Gresham & Beaverton, here’s 10% of the electric bills of everyone in your city boundaries. Now be quiet. . Give money to Portland Public Schools. . Fund the tram . Stop people wondering what would happen when well-paid, unionized private sector workers became well-paid, unionized public sector workers. Did anybody expect there to be fewer people? Less pay?