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

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Investors don't like uncertainty.

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

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I've been a strong financial and political supporter of, first, President Bush Sr. when he...

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Well, rates would go up whether you deregulate or not, and of course, the rates...

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We don't break the law.

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We use competitive markets to arrange for delivery of our food supply.

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

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

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The transmission systems are still regulated.

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