Former Enron Exec Makes “Unethical” Play to Derail PGW Deal

In March MDN told you about the deal negotiated by Philadelphia’s Democrat mayor, Michael Nutter, to sell off (i.e. privatize) the country’s oldest and largest municipal-owned gas company–the Philadelphia Gas Works (see Phila. Gas Works Deal for $1.86B – Marcellus/Utica One of Keys). To his credit, Nutter negotiated a good deal for the city, its residents, and the ratepayers of PGW. One of the main draws for the deal is its proximity to the Marcellus Shale (see Fascinating Look Behind the Curtain of the Phila. Gas Works Deal). However, resistance to the sale was swift and strong–by city council and their entrenched political interests in keeping labor unions happy. Now comes word that a Russian-born former Enron executive is working behind the scenes trying to derail the deal…

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