Kenneth Lay

“Every market is in transition.”

“Any slots at the senior level, including CEO or other slots, will be filled internally.”

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

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

“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.”

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

“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.”

“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.”

“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.”

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

“We don't break the law.”

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

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

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

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

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

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

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