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,

Currently, there are only a handful of large private sector companies operating in the $300 billion worldwide water market, and there are tremendous opportunities for future growth as the water industry moves toward privatization and consolidation.

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.