Kenneth Lay Quotes

"We have been very pleased with the performance of Portland General, ... However, the rapidly evolving competitive electricity market allows us to deliver commodity services and risk management products to our customers without requiring the ownership of a regulated electric utility."

"The company is doing extremely well."

"The company is probably in the strongest and best shape it's ever been in. The company is strong and has tremendous momentum."

"The third quarter is looking great. We will hit our numbers. We are continuing to have strong growth in our business and, at this time I think we're well positioned for a very strong fourth quarter."

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

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

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

"I have asked the board to take this action to address fully and forthrightly investors' questions and concerns, ... Responding to the SEC offers us an additional opportunity to achieve this same goal for investors, and we will cooperate fully. We will also make every appropriate public disclosure during the course of the SEC's investigation."

"I don't recall him ever telling me the company was in dire straits."

"This is an important step in our plan to restore investor confidence in Enron, ... Additionally, we will update investors over the next several days regarding our plans to maintain our long-term credit rating."

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

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

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

"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."

"Do you believe based on the information that you had available, what you were saying at the road show was accurate and fair? I did then, I do today, based on what I knew."

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

"There are absolutely no problems that had anything to do with Jeff's departure."

"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."

"The transmission systems are still regulated."

"We don't break the law."