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" You'll have lower prices under deregulation than you will through regulation. "
Kenneth Lay
You
Through
Than
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" The problems in California have been that it's been very difficult to site and build new power plants. "
Kenneth Lay
Power
Plants
Problems
" I mean, our primary businesses in wholesale pipelines, utilities, retail, were all doing extremely well. "
Kenneth Lay
Retail
Well
Our
" Am I a fool? I don't think I'm a fool. But I think I sure was fooled. "
Kenneth Lay
I Think
Think
Sure
" But the most important thing is, Enron did not cause the California crisis. "
Kenneth Lay
Did
California
Important
" I take full responsibility for what happened at Enron. But saying that, I know in my mind that I did nothing criminal. "
Kenneth Lay
Take
Know
Mind
" Jeff knew full well what he was walking away from. Again, he needed to deal with this right away. "
Kenneth Lay
Right
Walking
Well
" We use competitive markets to arrange for delivery of our food supply. "
Kenneth Lay
Competitive
Delivery
Food
" When there's uncertainty they always think there's another shoe to fall. There is no other shoe to fall. "
Kenneth Lay
Fall
Uncertainty
Think
" We need someone who is a strong representative of our value system. "
Kenneth Lay
Need
Value
Strong
" I have to take responsibility for anything that happened within its businesses. "
Kenneth Lay
Anything
Within
Take
" We don't break the law. "
Kenneth Lay
Break
Law
" Today, there are also buyers and sellers of all these energy commodities, just like there are buyers and sellers of food commodities and many other commodities. "
Kenneth Lay
Other
Energy
Food
" There are no accounting issues, no trading issues, no reserve issues, no previously unknown problem issues. "
Kenneth Lay
Problem
Issues
Unknown
" But I can't take responsibility for criminal conduct of somebody inside the company. "
Kenneth Lay
Responsibility
Company
Take
" Any slots at the senior level, including CEO or other slots, will be filled internally. "
Kenneth Lay
Senior
Any
Will
" I don't think I'm a criminal, number one. "
Kenneth Lay
Number
Criminal
Think
" Our liquidity is fine. As a matter of fact, it's better than fine. It's strong. "
Kenneth Lay
Fact
Matter
Fine
" But certainly I didn't know he was doing anything that was criminal. "
Kenneth Lay
Know
Doing
He
" They can't do without electricity. They can do with less electricity. "
Kenneth Lay
Without
Electricity
Less
" Investors don't like uncertainty. "
Kenneth Lay
Uncertainty
Investors
Like
" You'd rather have a surplus versus a shortage in your position. "
Kenneth Lay
Your
You
Shortage
" There are absolutely no problems that had anything to do with Jeff's departure. "
Kenneth Lay
Departure
Problems
Jeff
" The last thing I would have ever expected to happen to me in my life would be that, in fact, I would be accused of doing something wrong and maybe even something criminal. "
Kenneth Lay
Me
My Life
Life
" Trillions of dollars every day are being exchanged around the world in all of the financial markets. "
Kenneth Lay
Day
Financial
World