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.

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

I take responsibility for what happened at Enron, both good and bad. But I cannot take responsibility for criminal conduct that I was unaware of.

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

The transmission systems are still regulated.

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

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