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

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.

Praise, like gold and diamonds, owes its value only to its scarcity.

The employee is regarded by the employer merely in the light of his value as an operative. His productive capacity alone is taken into account.

When rock came along the lyrics and melodies became less important and it bothered me to think that perhaps they might not regain the value they have to music - they are music.

Lutherans, whose arguments and mistakes will not be difficult to contest or discover, do not want to attribute any value to works, and they do not understand enough the scope of the justification.

I make no claim to being a business genius. You can make so much money in this business that it loses its value.

If we have wealth, it will be protected from inflation and possibly even enhanced in value.

While I recognize the great value and importance of prescription drugs and strongly support a continued U.S. focus on pharmaceutical research and development, our nation's seniors cannot be asked to subsidize the drug costs of other wealthy industrialized nations any longer.

The value of music is to be able to play one note at the right time in the right way.

Even as a coin attains its full value when it is spent, so life attains its supreme value when one knows how to forfeit it with grace when the time comes.

Making movies is eating candy. It's a very expensive candy, so you value when you can do it. So when you can do it twice at once, it's like, you know, a kid in a candy store!

It all comes back to the basics. Serve customers the best-tasting food at a good value in a clean, comfortable restaurant, and they'll keep coming back.

I believe my publisher has shown a great deal of faith in me over a lot of years but I'm not prepared to be so arrogant to say that the long-term literary value of my work would compensate them for a financial failure.

I regard it as a waste of time to think only of selling: one forgets one's art and exaggerates one's value.