1. Asked if Enron would consider buying another utility, Lay said Enron is not shopping for one. 2. Both U.S. utilities bought English utilities to offset stagnant earnings growth at home. 3. A law under debate in congress would prevent Enersis from buying water utilities in areas where it operates electricity services. 4. Abramson added, however, that to market electricity Calenergy did not necessarily need to buy a utility and that the company was mainly pursuing a good deal. 5. But such leeway will buy the utility only so much time. 6. But unless gas prices jump, and stay high, there seems little doubt that Americans will go on buying sport utilities. 7. Buying foreign utilities also has the effect of forcing some funds to reach for higher yields in their domestic holdings. 8. Chattanooga now wants to buy the utility, which has always been privately owned. 9. Chattanooga would retain private management if successful in buying the utility. 10. For years, they have bought sport utilities, with their quasi-military ruggedness, to feel secure. |