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Statement of Lynn Hargis, Energy Attorney, Public Citizenā€™s Critical Mass Energy and Environment Program (Public Citizen)
The Oregon Public Utility Commissionā€™s (PUC) unanimous rejection yesterday of a Texas investment firmā€™s attempted $2.3 billion purchase of Portland General Electric is a victory for Oregon ratepayers that illustrates the consumer-protection power of the Public Utility Holding Company Act (PUHCA), a law that President Bush has targeted for elimination as part of his energy strategy.

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