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Resource ID: #22241
Source:Willamette Week (Portland, Ore.)
Jaquiss' investigation into the proposed sale of Portland General Electric, Oregon's largest utility, revealed information from inside sources that sank the deal. While Texas Pacific Group, a private equity firm, publicly promised to keep PGE intact and not try to flip it quickly for big profits, internal documents revealed their real intentions were exactly the opposite. Jaquiss also revealed a tax scam in which hundreds of millions of dollars in taxes were collected from rate-payers but never turned over to the government. Also included are stories from other sources that cover the effects of Jaquiss' reporting.