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

- Kenneth Lay

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

- Kenneth Lay

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

- Kenneth Lay

We don't break the law.

- Kenneth Lay

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

- Kenneth Lay

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

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

- Kenneth Lay

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

- Kenneth Lay

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

- Kenneth Lay

Investors don't like uncertainty.

- Kenneth Lay

The transmission systems are still regulated.

- Kenneth Lay

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

- Kenneth Lay

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

- Kenneth Lay

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

- Kenneth Lay

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

- Kenneth Lay

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.

- Kenneth Lay

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.

- Kenneth Lay

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

- Kenneth Lay

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

- Kenneth Lay

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

- Kenneth Lay