Since the award of the 1978 Nobel prize for Chemistry to Peter Mitchell for his formulation of the chemiosmotic theory of oxidative phosphorylation (Mitchell & Moyle, 1967), most physiologists have regarded mitochondria as 'solved'. They have been perceived as divorced from those aspects of physiology that are deemed exciting and significant, and dismissed as boring structures whose sole function is to manufacture ATP unobtrusively and on demand, subservient to the energetic demands of the cell. This essay was unwittingly prompted by a colleague who sat down next to me at coffee one morning, after giving an undergraduate lecture on basic cell biology and commented 'You work on mitochondria, don't you? Why are they interesting? What should I tell the students?' Over the last few years, mitochondria have re-emerged into the spotlight of scientific scrutiny after many years in the wings, as unfamiliar roles are attributed to them that even Peter Mitchell would probably never have imagined (see also Miller, 1998). 'The biggest picture?'Oxygen is necessary for life -but only because our mitochondria use it to generate ATP. Thought to be derived from prokaryotic micro-organisms which evolved a symbiotic relationship with their eukaryotic hosts (for review, see Margulis, 1996 and see Gray, 1998), mitochondria are our primary consumers of oxygen, and it could be argued that the mitochondrial requirement for oxygen delivery has driven the evolution of the respiratory and cardiovascular systems. Mitochondria, despite all that follows here, are primarily ATP generators. This is far from trivial: ATP is the major currency in the cellular economy, required to drive by far the majority of energy-requiring reactions in all living things, from bacteria and plants to man. It is necessary for the phosphorylation reactions that modulate so many fundamental cellular processes. It may be stored and used as a (neuro)transmitter, and it controls the activity of several classes of ion channel (such as the ATP-sensitive K¤ (KATP) channel, the calcium release channel of sarcoplasmic reticulum and voltage-gated calcium channels). Mitochondria also take up calcium, and are functionally tightly integrated into mechanisms of cellular calcium signalling, and this will provide a major focal point below. It is also often forgotten that mitochondria house a number of critically important biochemical processes quite distinct and separate from energy metabolism -key enzymes involved in haemoglobin and steroid synthesis, for example, and even the carbonic anhydrase needed to make gastric acid.