OregonLive.com – A hedge fund that recently snapped up more than 7 percent of Portland General Electric’s newly issued stock appears to be on a collision course with Oregon regulators, who are demanding that the investor explain why it has acquired such a large stake in the state’s largest utility.
The Oregon Public Utility Commission, which regulates the state’s major utilities, has given Harbinger Capital Partners Master Fund I Ltd. until May 19 to begin outlining its intentions.
Otherwise, the PUC warns, it will open an investigation into Harbinger’s stock purchases, or it will file a complaint against the firm.
