"Several tree limbs were down across the property and power was lost for nearly 30 minutes, " it said.

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The power to take private property for the common good, typically for things like roads, schools and bridges, dates back to biblical times.

WSJ: Battle of the Beach

The goals here are to meet the expected future demand for power and gas without running roughshod over property owners.

FORBES: Energy Companies and Landowners are Clashing over Property Rights

Today Tomas is chairman of the family's listed holding company, Alsons, named reportedly for Alcantra and sons, with interests in power, property and distribution.

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His proposal has recently run into some political snags, but he plans to push ahead with it, offering the lawyers higher commissions for making faster collections and giving them the power to seize property, freeze bank accounts and halt delivery of supplies to businesses.

ECONOMIST: Taxmen and sinners

"This is a highly reliable power source, " said Dennis Hughes, director of property management for the bank.

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In an interview, Lesser told me he believes Power REIT will be able to obtain bank financing for the property at an interest rate in the high 5% range.

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We lost power in our Long Island home for less than a week, suffered no property damage, and emerged from the storm with life and limb intact.

FORBES: Four Big Management Lessons From Hurricane Sandy

We would gladly trade the mighty inconvenience of days of a power outage for the safety of everyone and the least amount of damage to property possible in such a situation.

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