Portland General Electric Bond Rating Scandal of 2006
In 2006 Jaquiss reported on allegations made by the Industrial Customers of the Northwest Utilities about improper tampering with the bond rating of the Portland General Electric corporation during the UE180 rate case in which PGE was attempting to raise its rates roughly %9, equivalent to roughly $200 million dollars in annual cash flow. According to the allegations which Jaquiss reported to the media, PGE finance officials attempted to improperly doctor the bond rating produced by Standard and Poor's and thereby increase the clout for the need to implement a rate hike.
Read more about this topic: Nigel Jaquiss
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