Texas Utilities claims Energy bid would be in the clear
Friday 06 February 1998
Jarrell Gibbs, Texas' deputy chairman, revealed that the group had met with Professor Stephen Littlechild, the electricity regulator, on Monday to put the company's case. A three-way bid battle for Energy Group remains a possibility, after PacifiCorp of the US this week launched a raised pounds 4.06bn bid for the company, which owns Eastern Electricity.
Mr Gibbs said there was no reason why a Texas bid should be referred to the Monopolies and Mergers Commission. PacifiCorp was cleared by the MMC to bid for Energy Group last December. "We will satisfy any of the concerns the MMC expressed and maintain Eastern's credit rating," said Mr Gibbs.
Texas also hit back at claims that the company's environmental record made an MMC referral more likely.
The company is thought to be some way off making a formal bid, which could involve selling its Peabody coal business in the US.
- 1 Miley Cyrus' homeless MTV VMAs date, Jesse Helt, is wanted by the police
- 2 36-year-old skeleton of dead baby found inside Indian woman
- 4 Homer Simpson has taken the ALS ice bucket challenge because of course he has
- 5 The 13 obscure UK laws you didn’t know you were breaking
Miley Cyrus' homeless MTV VMAs date, Jesse Helt, is wanted by the police
Pamela Anderson rejects ice bucket challenge because of ALS experiments on animals: 'Mice had holes drilled into their skulls'
The 13 obscure UK laws you didn’t know you were breaking
Teenager dies after suspected ice bucket challenge goes horribly wrong
Car tax disc changes: Make sure you know the new rules from 1 October or risk £1,000 fine
Exclusive: We share blame for creating 'jihad generation', says Muslim strategist
Robin Williams Emmys tribute led by Billy Crystal criticised for including 'racist' joke about Muslim woman
The Rotherham child abuse scandal is a tale of apologists, misogyny and double standards
Scottish independence TV debate: Pumped-up Alex Salmond bounces back in bruising second round against Alistair Darling
Jeremy Clarkson is a cultural tumour and needs to be removed, says comedian Frankie Boyle
Air strikes? Talk of God? Barack Obama is following the jihadists’ script after James Foley beheading
- < Previous
- Next >
iJobs Money & Business
£23000 - £26000 per annum: Ashdown Group: Account Executive / Client Services ...
£36000 - £38000 per annum: Ashdown Group: Executive PA to CEO & Executive Dire...
£25000 - £28000 per annum: Ashdown Group: Generalist HR Administrator - Tunbri...
£30-35k + Excellent Benefits: Guru Careers: We are seeking a Management Accoun...