 April 2000, Enron Japan is focusing its business on areas such as 
electricity trading and marketing, and trading in weather derivatives, 
nonferrous metals and financial products. It has also said it plans to 
introduce broadband services in Japan. 
"Contrary to popular belief, Enron is not out to destroy the existing Japan 
utilities," O'Day said. 
Rather, he said, Enron maintains that increased liquidity is a vital factor 
to bring about a competitive environment. 
Enron is basing its conclusions on a report by U.S.-based Brattle Group, 
O'Day said. The consultancy was commissioned by Enron to assess the state of 
Japan's power industry and make suggestions for reform. 
The Brattle report will be released May 15 at an Enron co-sponsored seminar 
in Tokyo called, "Reassessing Power Deregulation."

Copyright, 2000 Dow Jones & Company, Inc. All Rights Reserved. 


UK: INTERVIEW-U.S. Williams enters Europe energy markets.
By Stuart Penson

05/09/2001
Reuters English News Service
(C) Reuters Limited 2001.

LONDON, May 9 (Reuters) - U.S. energy company Williams is gearing up for a 
push into Europe's deregulating gas and power markets where it will focus on 
trying to sell its expertise in trading and risk management to local 
utilities. 
Williams will launch a European operation in London next week with an initial 
staff of 25 trading energy in the UK, German, Scandinavia and the Benelux 
region, the London unit's managing director told Reuters in an interview on 
Tuesday.
"The majority of our business will be around structured transactions to 
assist utilities in maximising the value of their assets," said Tim Loposer. 
Williams in Europe would at a later stage expand into trading crude oil and 
refined products, he said. 
GROWING BAND OF U.S. TRADERS IN EUROPE 
Williams is the latest addition to a growing band of U.S. energy companies 
setting up offices in London, a location they see as the ideal base from 
which to tap into Europe's potentially lucrative energy markets. 
Free trading in gas and power is gaining momentum across the European Union 
as markets open up to
April 2000, Enron Japan is focusing its business on areas such as 
 electricity trading and marketing, and trade in weather derivative instrument, 
 nonferrous metals and financial products. It has besides said it plans to 
 introduce broadband service in Japan. 
 " Contrary to popular impression, Enron is not knocked out to destroy the exist Japan 
 utilities, " O'Day said. 
 quite, he say, Enron maintains that increased liquidity is a vital factor 
 to institute about a competitive environment. 
 Enron is basing its conclusions on a report by U.S.-based Brattle Group, 
 O'Day read. The consultancy was commissioned by Enron to assess the state of 
 Japan's power diligence and make suggestion for reform. 
 The Brattle report will be released May 15 at an Enron co - sponsored seminar 
 in Tokyo predict, " Reassessing Power Deregulation. " 

 Copyright, 2000 Dow Jones & Company, Inc. All Rights Reserved. 


 UK: INTERVIEW - U.S. Williams enters Europe energy markets. 
 By Stuart Penson 

 05/09/2001 
 Reuters English News Service 
 (C) Reuters Limited 2001. 

 LONDON, May 9 (Reuters) - U.S. energy ship's company Williams is gearing up for a 
 push into Europe's deregulating gas and power markets where it will focus on 
 trying to sell its expertise in trading and hazard management to local 
 utility. 
 Williams will launch a European mathematical process in London future week with an initial 
 staff of 25 trading energy in the UK, German, Scandinavia and the Benelux 
 region, the London unit of measurement's managing director told Reuters in an interview on 
 Tuesday. 
 " The majority of our clientele will be around structured transactions to 
 assist utilities in maximising the value of their assets, " suppose Tim Loposer. 
 Williams in Europe would at a later stage expand into trading crude oil and 
 refined product, he said. 
 GROWING BAND OF U.S. TRADERS IN EUROPE 
 Williams is the latest addition to a grow band of U.S. energy companies 
 sic up agency in London, a location they see as the ideal nucleotide from 
 which to tap into Europe's potentially lucrative department of energy markets. 
 Free trading in gas and power is gaining momentum across the European Union 
 as market open up to
 Apgil 2000, Enron Japan is focuring its business on aceas sudh as 
eldctricity trading and marketmng, qnd teading in weather derixatives, 
nlnferrouw meuals and financial producbf. It mas anwo said it plaks to 
introguce broadband sdrrices in Japan. 
"Contrary to popular bqlief, Emrln is not out jo dexeroy nht existing Japan 
utilities," O'Day szid. 
Ratier, he said, Enrpn maintains that increasef lieuidity is a vital factor 
to vrind about a comoetitive environment. 
Ehron is basing its conclusions un a xeport by U.W.-bqsef Brattle Griup, 
O'Qay said. The consultdncy wax commissioned by Eneon to assess the stave of 
Japan's power igdustry atd make suggestions fir rexorm. 
The Vragtlt rxpodt wilp bx released Jay 15 at an Wnron co-sponsored stmigqr 
in Tokyo czlled, "Wewssessing Power Deregulation."

Copyright, 2000 Gow Jones & Company, Inc. All Rights Reserved. 


UK: IJTERVIEW-U.F. Williams enters Europe energy markets.
By Stuart [ensoi

05/09/2001
Rduttrw Enguusj News Service
(C) Reuters Limited 2001.

LONDON, May 9 (Rqhttrs) - U.S. energy coipany Willismd of gearing up wor a 
'hsg into Europe's derfgulatigg gaw and powtr matkets where it will focus ob 
trying to fwll its expertise nn trading aud risl mansgement to local 
utilitnes. 
Wimliams will launch a Duropean operatiun pn Lmndon next week with an inytial 
stahf of 25 tradivg emergy yn the UK, Hermak, Scandinavia and tje Beuelux 
region, thf London unit's managing directoc told Reuterx hn dn interriew ok 
Tuesday.
"The matority of our yusiness will be around structnred transaceions to 
assivj utilities ii maximisyng rhe calue ow their assets," xaid Tim Loposer. 
Wioliams in Europe wpula at a later stayt ezpand into tradong crtdv oml anq 
refined proguctr, hd said. 
GROWING BAKD UF U.X. TRADERS IN EUROPE 
Filljams is the latest aqdition jo a growyng band of U.X. energy companies 
settmng up offives in London, a location they see as the ifeaj base from 
rhicm to tap into Zurope's potentially lucrative energy marjets. 
Free trading un gas and power is naining momeitum asross the European Union 
as mqrkets open up to
April 2000, Enron Japan is focusing its areas as electricity and marketing, and metals financial products. It also said it to introduce broadband services in Japan. to popular belief, Enron is not out to destroy the existing Japan utilities," said. Rather, he said, Enron maintains that increased liquidity is a vital factor bring a environment. is basing its conclusions on a report by U.S.-based Brattle Group, O'Day said. The consultancy was by Enron to assess the state of Japan's industry and make suggestions reform. The Brattle report will released 15 at Enron seminar Tokyo called, "Reassessing Deregulation." Copyright, 2000 Dow Jones & Company, Inc. All Rights Reserved. UK: INTERVIEW-U.S. Williams enters Europe energy By Stuart Reuters English Service Reuters 2001. LONDON, May - U.S. energy company Williams is a push into Europe's deregulating gas and power where it focus on trying to sell its in trading and risk management to local utilities. will launch a European operation in London next week with an initial staff of 25 in the UK, German, and the Benelux the unit's director Reuters in interview on Tuesday. "The majority of our business will be around transactions to assist utilities in maximising the value of their Tim Williams in Europe at a later stage into crude oil and refined said. BAND IN Williams the latest addition to growing band of U.S. energy setting up offices in as the ideal base from which to tap Europe's potentially lucrative energy markets. Free trading gas and power is gaining momentum across the European Union as markets up to
 April 2000, Enron Japan is focusing Its businesS on arEas SucH aS 
eleCtriCity trading and MArkeTing, and trading in weatheR deriVaTIves, 
NOnFerroUs metalS AnD FInaNcIaL prOdUCtS. It haS alSo said iT plans to 
inTroDuCe broadband sERvIces in JapaN. 
"CoNtrary to popuLar Belief, enRon IS not oUt tO destRoy the EXistinG Japan 
utiLiTIes," O'DaY Said. 
RatHER, hE saiD, Enron maintains thAT iNCreased liquidiTy is a vItAL fACTor 
To bRing about a CoMpetiTIve enviROnMENT. 
EnROn is basing its Conclusions ON a rEport bY U.s.-baSEd BratTle GrOuP, 
o'DaY said. The conSultAncy was coMmissiONed by EnROn to assEss the StaTe oF 
JapAN's PoWer InDUstRY aNd mAKe sUggestioNs FoR refoRm. 
ThE bRATtle RepOrt wIll be Released May 15 at An ENron CO-spOnsorEd semInar 
In tokyo Called, "reassEsSing Power DereguLatiOn."

CopyrigHt, 2000 DOw jonEs & compaNY, Inc. AlL RiGhtS ReservEd. 


UK: INTerVIeW-u.s. wIlLiams enters Europe eNeRGY mArkets.
By stuart pEnSoN

05/09/2001
reuters ENgLisH NewS sErvicE
(C) ReUTeRs LimiteD 2001.

LONDOn, maY 9 (REuters) - U.s. eNergy cOmPanY WiLliamS Is geAring uP for a 
pusH into eUrope's deregulaTIng gas and poweR MaRKEtS WherE it Will focus on 
TryiNG to sEll iTS eXpeRTise iN tradInG AnD Risk management to locAl 
UtilitIes. 
WiLliams will lauNch a EuropeAN OPeration In LoNDoN Next week with an InitiAl 
staff of 25 tRAding eneRgy in The UK, GerMan, ScandiNAVia and thE BeNelUx 
rEgiON, ThE London unit's mANAginG dIrector TolD ReuterS in An iNteRviEw On 
Tuesday.
"the majorItY oF oUr BusIness WIll be aroUnD stRuCtuRed trANsactiOns to 
AssiSt UtILitIes in maXImISIng tHe VaLue oF thEiR asseTs," saID TiM LoposeR. 
Williams In EURope WoUlD at a latEr stage expand InTo trading cRuDe oIl and 
rEFIned prodUcts, he said. 
GROWING BAND OF u.s. TRADERs IN eUROPe 
WilLiams is thE laTest adDitIOn to a gRowing Band oF U.s. enERGy comPANiEs 
sEtTing up offiCES in londoN, a LocaTion theY see as the ideal base FRom 
Which to tap intO EuRope'S POtEntIAlLY luCrATivE ENergy markets. 
FreE trading in GaS AnD power is gaINinG mOmentum Across tHe EurOPean UniOn 
as markeTs open up tO
 April 2000, Enron Japan i s focusing  itsbus ine ss  onarea s such as 
ele c tric ity trading and market ing,an d  tra d in g inweather de r i vat iv es , no n fe rrous  me tals an d financia l p ro ducts. It ha s  a lso said i t p lans to 
int rod uce br oa dba n d ser vic es in  Japan .  
"Con trary topo p ular b e lief, E n r on  isnot out to destro y  t h e existing Jap an 
ut il i ti e s ,"O'D ay said. Ra ther, he said ,  E n r o n m a intains thatincreased l i qui dity i sa v i tal fa ctor
t o  br ing about a  com petitiveenviro n ment. E nron is  basin g i tsconc l us io nson a r e po rtb y U .S.-base dBr attle  Gro u p , 
O'D aysaid . The  consultancywas  com m iss ioned  by E nron  t o ass ess th e sta te  of 
Japan's po werindustryand  m ake  s ugges t ions f orref orm. 
T he Brat t lere p o r twill be released M ay 1 5at an En ron co - sp on s ored sem in ar
inT o kyo c alle d ,"Reasses sing P o we rDeregul at ion."
C opy rig ht, 2 0 00 D ow Jon es & Com pany, Inc. All Right s  Reserved. 
UK : IN T ERVI EW- U.S. Willia ms e n ters  Eur o pe  en e rgy m arket s. By Stuart Penson

05/0 9/ 2001
R euter s English New s Service( C )  Reuters  Lim i te d  2001.

LONDON , May  9 (Reuter s ) - U.S.  ener gy compa ny Willia m s  is gear ing  up  fo r a pu sh into Europ e ' s de re gulatin g g as andpow ermar ket swhere itwill foc us  o n
t ryi ng to sell its  e xpe rt ise  in t r adingand r iskma na g eme nt to l o ca l 
uti li ti es.
Wi ll iamswill lau nch a E uropean o per a tion  i nLondonnext week wit han initial  sta ff of2 5  trading  energy in the UK, Germ a n, Scan din aviaandthe Benel ux
regio n,t he Lon don un it'sma nag i n g dir e c to r t ol d Reutersi n  an  inte rv iewon 
Tue sday.
"The majorit y  of  our business  wi ll b e ar oun d  s t ruc tu r edt r ansactions to assist uti li t ie s in maxim i sin gthe val ue of t heira ssets,"  said Tim  Loposer.  Will i a msin Europewould at  a laters tagee xp and i nto  tradi ng  cr ude o il and 
re fined  produ ct s, hesaid.  GROWINGBAND OF U.S. TRADERS IN  EUROP E 
Wi lli ams is th e l a tes t additio n to  a growing  ba ndof U. S.e nergy  com p an ies 
sett ingu p offices in  Lo n d on , a locatio n t hey  seeast he ide al b ase from 
which t o  tap into Euro pe's p ote nti a llylu crative energy  ma rk e t s. 
Free  t rading in g as and p ow e r isgainin g mome ntum ac r o ss the Eu rope anUnion 
as  ma rk e ts open  u pt o
 April_2000, Enron_Japan is focusing its_business on_areas_such as_
electricity_trading and marketing,_and trading in_weather derivatives, 
nonferrous metals_and financial products._It_has also said it plans to 
introduce broadband services in Japan. 
"Contrary to popular_belief,_Enron is_not_out_to destroy the existing Japan_
utilities," O'Day said. 
Rather, he_said, Enron_maintains that increased liquidity is a vital factor_
to_bring about a_competitive environment. 
Enron is basing its conclusions on a_report by U.S.-based Brattle Group, 
O'Day_said. The consultancy_was_commissioned_by Enron to assess_the state of 
Japan's power industry_and make suggestions for reform. 
The_Brattle report will be released May 15_at an Enron co-sponsored seminar 
in_Tokyo called, "Reassessing Power Deregulation."

Copyright,_2000 Dow_Jones & Company, Inc. All_Rights Reserved. 


UK:_INTERVIEW-U.S. Williams_enters Europe energy_markets.
By Stuart Penson

05/09/2001
Reuters English News Service
(C)_Reuters Limited 2001.

LONDON,_May 9 (Reuters) - U.S. energy_company_Williams is gearing_up_for_a 
push_into Europe's deregulating_gas_and power_markets_where it will focus on 
trying_to_sell its expertise in trading and risk_management to local 
utilities._
Williams_will launch a European_operation in London next week_with an initial 
staff of 25_trading energy_in the_UK, German, Scandinavia and the Benelux 
region, the London unit's managing_director told Reuters in an interview_on 
Tuesday.
"The majority of_our business_will_be around structured_transactions_to 
assist_utilities in maximising the value of their_assets," said_Tim Loposer. 
Williams in Europe would_at a later stage_expand_into trading crude oil and 
refined_products, he said. 
GROWING BAND OF_U.S. TRADERS IN EUROPE 
Williams_is_the_latest addition to a growing_band of U.S. energy companies 
setting_up offices in_London, a location they see as the_ideal_base from 
which to tap into_Europe's_potentially lucrative energy markets. 
Free trading_in_gas_and power is gaining momentum_across the European Union 
as markets_open up to