I threw my whole life and lived my life in a certain way to make sure that I would never violate any law.. certainly never any criminal laws.. and always maintained that most important to me was my integrity, was my character, were my values.
The collapse of Enron and the subsequent collapse of Arthur Andersen were tremendous tragedies. But as I stated at the time of my indictment on July 8, 2004, failure does not equate to a crime.
I've not only pursued the American dream, I've achieved it. I suppose we could say the last few years, I've also achieved the American nightmare.
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.
There are no accounting issues, no trading issues, no reserve issues, no previously unknown problem issues.
I don't fear jail because I know I'm not guilty. I know I did nothing wrong. I did nothing criminal and I also believe my God will get me through this.
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.
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.
Every market is in transition.
We're (also) looking for a good people person who is able to motivate others and get strong performances out of people.
Aggressive accounting does not mean illegal accounting.
If there is anything material and we're not reporting it, we'll be breaking the law. We don't break the law.
They can't do without electricity. They can do with less electricity.
I don't think I'm a criminal, number one.
It's been very interesting. We've seen a lot of interesting testimony. We've seen a lot of interesting people, a lot of allegations, a lot of lies, a lot of misinformation and some truth.
Investors don't like uncertainty.
The problems in California have been that it's been very difficult to site and build new power plants.
We will cooperate fully with the SEC and look forward to the opportunity to put any concern about these transactions to rest.
But the most important thing is, Enron did not cause the California crisis.
Am I a fool? I don't think I'm a fool. But I think I sure was fooled.
I have to take responsibility for anything that happened within its businesses.
I have faith in the market when we get the rules right.
But I can't take responsibility for criminal conduct of somebody inside the company.
Trillions of dollars every day are being exchanged around the world in all of the financial markets.
I mean, our primary businesses in wholesale pipelines, utilities, retail, were all doing extremely well.
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