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You'll have lower prices under deregulation than you will through regulation.
Kenneth Lay
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You'd rather have a surplus versus a shortage in your position.
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When there's uncertainty they always think there's another shoe to fall. There is no other shoe to fall.
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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.
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We've tried to get as much supply into California as we can.
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We use competitive markets to arrange for delivery of our food supply.
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We see ourselves as first helping to open up markets to competition.
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We don't break the law.
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Trillions of dollars every day are being exchanged around the world in all of the financial markets.
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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.
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They can't do without electricity. They can do with less electricity.
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There are no accounting issues, no trading issues, no reserve issues, no previously unknown problem issues.
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There are absolutely no problems that had anything to do with Jeff's departure.
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