Message-ID: <24470775.1075848056585.JavaMail.evans@thyme> Date: Wed, 24 Jan 2001 03:16:00 -0800 (PST) From: james.steffes@enron.com To: travis.mccullough@enron.com, vicki.sharp@enron.com, elizabeth.sager@enron.com, joe.hartsoe@enron.com, richard.sanders@enron.com, richard.shapiro@enron.com, steven.kean@enron.com, christian.yoder@enron.com Subject: Compulsory Sales Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: James D Steffes X-To: Travis McCullough, Vicki Sharp, Elizabeth Sager, Joe Hartsoe, Richard B Sanders, Richard Shapiro, Steven J Kean, Christian Yoder X-cc: X-bcc: X-Folder: \Steven_Kean_June2001_3\Notes Folders\California X-Origin: KEAN-S X-FileName: skean.nsf FYI. Attached please find a legal cite that indicates that the federal government would be the guarantor of the sales under the DOE order. I have no idea if this is correct. Jim ----- Forwarded by James D Steffes/NA/Enron on 01/24/2001 11:14 AM ----- Rob Bradley 01/24/2001 11:05 AM To: James D Steffes/NA/Enron@Enron cc: Subject: Compulsory Sales FYI--legal cite for the right lawyer. - Rob ----- Forwarded by Rob Bradley/Corp/Enron on 01/24/2001 11:04 AM ----- Jim DeLong Sent by: owner-fme-roundtable@perc.org 01/24/2001 10:52 AM To: "'Tollroads@aol.com'" , lynns@reason.org, fme-roundtable@perc.org cc: Subject: Compulsory Sales PSamuels wrote: "It seems outrageous that anyone in this country can be commanded to supply a product against their will, against their better commercial judgment, to utilities that have no known way to pay their bills etc. What is the constitutional basis for such orders, I wonder?" I do not doubt that the government can order the utilities to keep supplying electricity, but I think the federal government is now the guarantor of payment. See the Supreme Court's 1996 decision in the Winstar case. James V. DeLong Senior Fellow -- Project on Technology & Innovation Competitive Enterprise Institute 1001 Connecticut Ave., NW Washington, DC 20036 (202) 331-1010 TEL (202) 331-0640 FAX jdelong@cei.org www.cei.org