Oregonian Runs CUB Opinion Editorial on MidAmerican Proposal

Yesterday, the Oregonian ran CUB Utility Analyst Lowrey Brown’s Op-Ed piece on the upcoming MidAmerican PacifiCorp merger proposal, “PacifiCorp acquisition shouldn’t be rubber-stamped.” The piece outlines some of CUB’s concerns regarding the proposed deal, emphasizing that, unlike other industries in which Warren Buffett has invested, utility customers do not have full freedom of the market: “[T]hey’re captive. Electricity… is a basic necessity of daily life.” The centrality and importance of this basic service is underlined by this past week’s devastation in Louisiana and Mississippi, where lack of electricity services intensified an already very dangerous situation.

Also, don’t forget that tonight is the night Al Gore is coming to town. He’ll be discussing global warming in a multimedia presentation at Portland’s Convention Center. See below for details.

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