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

The company is doing extremely well.

The company is fundamentally sound. The balance sheet is strong. Our financial liquidity has never been stronger. And we again have record operating and financial results.

We expect the new water company to be able to finance its own ongoing activities rather than depend on Enron's financial resources.

We expect the new water company to be able to finance its own ongoing activities rather than depend on Enron's financial resources,

If we do that, then Enron will become the leading company in the world.