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

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

Investors don't like uncertainty.

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

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

We've tried to get as much supply into California as we can.

Well, rates would go up whether you deregulate or not, and of course, the rates that are going up right now on the electricity side are still within the regulated framework.

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

We see ourselves as first helping to open up markets to competition.

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

The transmission systems are still regulated.

We need someone who is a strong representative of our value system.

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

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

Every market is in transition.

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

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

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

We don't break the law.

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

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

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

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.

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

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

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.

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

In the case of Enron, we balance our positions all the time.

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

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

I've been a strong financial and political supporter of, first, President Bush Sr. when he was running for president, and even when he ran for president a time or two and failed.

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

I have faith in the market when we get the rules right.

Aggressive accounting does not mean illegal accounting.

Nor should we exclude the possibility that Islamic terrorism may begin to make common cause with Western political extremists of the far Left and far Right.

We used to think that revolutions are the cause of change. Actually it is the other way around: change prepares the ground for revolution.

Our income are like our shoes; if too small, they gall and pinch us; but if too large, they cause us to stumble and trip.

The present contains nothing more than the past, and what is found in the effect was already in the cause.

To believe in a just law of cause and effect, carrying with it a punishment or a reward, is to believe in righteousness.

I wish I knew at 14 not to put much thought into what other people my age said to me, cause we were all looking for the answers. So I wish I knew that other people really don't know any more than you do!

One of the things that has always motivated me to write is the desire to get it out and look at it in an objective way, so that it doesn't cause me any serious pain by staying inside.

There are nuclear weapons in China, Iran, Korea and Pakistan. It wouldn't take much to send a couple of warheads off on this planet somewhere that would cause a lot of environmental damage, then if you have got someone who wants to retaliate you have real problems.

I never considered a difference of opinion in politics, in religion, in philosophy, as cause for withdrawing from a friend.

You have to not listen to the nay sayers because there will be many and often they'll be much more qualified than you and cause you to sort of doubt yourself.

A strong mind always hopes, and has always cause to hope.

While some no other cause for life can give, but a dull habitude to live.

The intelligence investigation under the leadership of Senator Church, which I know has helped cause this investigation by you, points out that the agencies did not disclose certain facts to us and that certain plots were going on.