Message-ID: <5937448.1075848096521.JavaMail.evans@thyme> Date: Mon, 28 Aug 2000 00:17:00 -0700 (PDT) From: steven.kean@enron.com To: nicholas.o'day@enron.com Subject: Re: Ken Lay meeting with Japanese Prime Minister Cc: rosalee.fleming@enron.com, john.ambler@enron.com, mark.schroeder@enron.com, joseph.hirl@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: rosalee.fleming@enron.com, john.ambler@enron.com, mark.schroeder@enron.com, joseph.hirl@enron.com X-From: Steven J Kean X-To: Nicholas O'Day X-cc: Rosalee Fleming, John Ambler, Mark Schroeder, Joseph P Hirl X-bcc: X-Folder: \Steven_Kean_June2001_4\Notes Folders\Discussion threads X-Origin: KEAN-S X-FileName: skean.nsf Rosie -- please check Ken's calendar. This would be a great one to do if we can squeeze it in. Nick -- congrats on what looks like a great new opportunity to make progress. I am in all week and would love to talk to you and Joe. If we can't otherwise make schedules work, call me at home after hours Houston time (713-621-6550). Nicholas O'Day 08/27/2000 10:49 PM To: Steven J Kean/NA/Enron@Enron cc: Subject: Ken Lay meeting with Japanese Prime Minister ---------------------- Forwarded by Nicholas O'Day/AP/Enron on 08/28/2000 12:48 PM --------------------------- Nicholas O'Day 08/28/2000 12:28 PM To: Steven J Kean/HOU/EES@EES cc: Joseph P Hirl/AP/ENRON Subject: Ken Lay meeting with Japanese Prime Minister Steve, Over the last month the Japanese regulators and Government have come to the realization that the electricity deregulation initiatives implemented in March of this year have not stimulated competition in the manner in which they had expected. MITI and the Government are currently examining why the initiatives implemented in March are falling short of expectations and looking to move the 2003 review forward to next year. There are currently two multi party committees looking at the energy sector. The ruling Liberal Democratic Party also has one committee looking at energy. In addition, MITI is in the process of forming a new advisory group comprising academics to consider the next stage of deregulation. As you are aware, we have been working the regulatory aspects through MITI and the US Government for some time now with a degree of success - in fact, the majority of our 12 month goals have been achieved. Recently, with the addition of Kimura, we have increased our level of contact with senior political figures in Japan. Both MITI and the USG continue to seek Enron's views on issues relating to the current deregulation process and the way Enron wants to see electricity deregulation. We have recently addressed the parliamentary Deregulation Committee which reports to the Prime Minister and regularly provide educational presentations to MITI on issues relevant to deregulation. Further, senior political figures are now recognizing that Enron can assist in the deregulation process in a positive way. What we appear to have in Japan in the electricity sector is a reasonably clean slate and the opportunity to have a major say in how things should be structured in the future. Ken Lay's links with the Republican Presidential campaign has received media attention in Japan and it is believed in Government circles here that he will receive a cabinet position if Gov. Bush is elected. As a result, Mr Lay currently carries a great deal of weight in senior Government circles in Japan. In the period prior to the Presidential election, we have an ideal opportunity to get our message across at the highest levels of the Japanese Government through Mr Lay. A meeting between Mr Lay and Prime Minister and other senior Government members would significantly increase Enron's profile in Japan and assist in conveying our vision for the next phase of deregulation. If Mr Lay were to visit Japan, possibly in late October or early November, we would also look at coordinating the Tokyo office opening with the visit and arrange a number of high level commercial meetings. Prime Minister Mori and the US Ambassador have already expressed an interest in attending the office opening. Both Joe Hirl and I would like to speak with you further about the above. When would be a convenient time? kind regards