Now that it appears that the sale of PGE from Enron to the citizens of Portland is off, what's the next step? The Oregonian would like to think it's over, since they continue to use the word "failed" over and over.
On the Thom Hartmann Show this morning, over at 620 KPOJ, Thom suggested that we open up a thread here to discuss the idea of eminent domain. According to Thom, Commissioner Randy Leonard told him that there are two votes on the Portland City Council to use eminent domain to seize the assets of PGE - his own (and presumably, Erik Sten's.)
Questions: Is it appropriate for government to use eminent domain to seize a power company? Would it lead to the end result that advocates of public power want? What complications might arise by doing this way? What would it take to convince the rest of the council to go along (or at least a third vote)?