This is an important step in our plan to restore investor confidence in Enron, ... Additionally, we will update investors over the next several days regarding our plans to maintain our long-term credit rating.

My personal belief is that Enron stock is an incredible bargain at current prices, and we will look back a couple of years from now and see the great opportunity that we currently have,

My personal belief is that Enron stock is an incredible bargain at current prices, and we will look back a couple of years from now and see the great opportunity that we currently have.

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

Portland General is a solid performer and has been a great addition to the Enron portfolio since 1997, ... However, over the past few years our need for ownership of a regional utility has been diminished by the rapid extension of our third-party supply network. As a regional utility, NW Natural is a perfect partner for Portland General going forward.

My concern is for current and former Enron employees and other stockholders, and I feel it is in their best interest for me to step down from the board.