The Trib reports today (with a screaming banner headline) that the City of Portland's bid to buy Portland General Electric has been rejected by Enron's creditors, because the price it was offering was too low. But the city isn't giving up on this pipedream. Oh no, $850,000 isn't enough to throw at this idea. Let's go for another million!

Geez, now even City Commissioner Randy Leonard is growling that the city may have to condemn PGE.

Regular readers of the blog know what I'm going to say. All together now: It's a bad idea! Let it go!