I always took my role as a leader, and certainly chairman and CEO of a major company very seriously as to our employees and trying to create opportunities for them and create opportunities where they could even, as I said many times, could realize their God-given potential and maybe realize more potential than even they realize they had.

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

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

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

The transmission systems are still regulated.

If there is anything material and we're not reporting it, we'll be breaking the law. We don't break the law.

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.