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" Jeff knew full well what he was walking away from. Again, he needed to deal with this right away. "

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" 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. "

" But indeed a market like California is not good for Enron. "

" You'll have lower prices under deregulation than you will through regulation. "

" There are no accounting issues, no trading issues, no reserve issues, no previously unknown problem issues. "

" When there's uncertainty they always think there's another shoe to fall. There is no other shoe to fall. "

" There are absolutely no problems that had anything to do with Jeff's departure. "

" Our liquidity is fine. As a matter of fact, it's better than fine. It's strong. "

" Investors don't like uncertainty. "

" They can't do without electricity. They can do with less electricity. "

" But I can't take responsibility for criminal conduct of somebody inside the company. "

" Trillions of dollars every day are being exchanged around the world in all of the financial markets. "

" You'd rather have a surplus versus a shortage in your position. "

" I take full responsibility for what happened at Enron. But saying that, I know in my mind that I did nothing criminal. "

" I mean, our primary businesses in wholesale pipelines, utilities, retail, were all doing extremely well. "

" I have to take responsibility for anything that happened within its businesses. "

" 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. "

" Am I a fool? I don't think I'm a fool. But I think I sure was fooled. "

" But the most important thing is, Enron did not cause the California crisis. "

" But certainly I didn't know he was doing anything that was criminal. "

" We use competitive markets to arrange for delivery of our food supply. "

" The problems in California have been that it's been very difficult to site and build new power plants. "

" Any slots at the senior level, including CEO or other slots, will be filled internally. "

" I don't think I'm a criminal, number one. "

" We don't break the law. "