Every time I open Outlook 2011 on my iMac 10.7.3 it flashes open then gives me an error. I tried to do a restore, I did a reinstall and nothing helps.

The error is MS Outlook and encountered an error and needs to close. Sorry the the inconvenience. I hit the more info button and this is what is displayed:

Microsoft Error Reporting log version: 2.0

Error Signature:
Date/Time: 2012-02-27 22:35:06 +0000
Application Name: Microsoft Outlook
Application Bundle ID: com.microsoft.Outlook
Application Signature: OPIM
Application Version:
Crashed Module Name: PowerPlantCore
Crashed Module Version:
Crashed Module Offset: 0x0000658f
Blame Module Name: PowerPlantCore
Blame Module Version:
Blame Module Offset: 0x0000658f
Application LCID: 1033
Extra app info: Reg=en Loc=0x0409
Crashed thread: 0

Let me know if anyone can help. Thank you very much!