"No experiment can be more interesting than that we are now trying, and which we trust will end in establishing the fact, that man may be governed by reason and truth. Our first object should therefore be, to leave open to him all the avenues to truth. The most effectual hitherto found, is the freedom of the press. It is, therefore, the first shut up by those who fear the investigation of their actions." --Thomas Jefferson to John Tyler, 1804.

Nonpayment, of course

One wouldn’t have thought that there would have been any question at this point that organizations which engaged in contracts with Enron Corporation – contracts for purchases executed at times when Enron’s activities were outright unethical at best – would be held to payments to the corrupt company.

But just that has been hanging over the head of the Snohomish County Public Utility District, which has been on the hook for more than $120 million to Enron.

No longer. The Federal Energy Regulatory Commission ruled, in one of a long string of Enron-related cases this week (one of them covered some of the fallout from the Portland General Electric spinoff) that Enron could not collect.

What lessons exactly we may draw from this, however, are less clear.

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