 judge whether 
the transmission fees reflect real costs, he said. 
Since March last year, non-utility firms have been allowed to begin supplying 
power to large-lot commercial users, ending a monopoly by Japan's 10 power 
utilities. 
The move was aimed at lowering electricity rates, which are much higher than 
in most Western economies. 
Yet the ratio of newcomers in the power market now stands at at only 0.2 
percent of the total. 
Enron also said that it would be necessary for Japan to set up an independent 
regulator to promote more competition in the power market. 
"It's OK if the Ministry of Economy, Trade and Industry (METT) could act as a 
regulator," he said, but added that METI's traditional relationship with 
power utilities may prevent it from being a fair regulator. 
Enron, North America's biggest buyer and seller of electricity, set up its 
first joint venture in Japan in 1999, named "E Power". Enron Japan itself was 
set up last May. 
In March, Enron presented plans to build a liquefied natural gas (LNG) fired 
power plant in northern Japan, aiming to become the first foreign company to 
build such a plant in Japan.

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


Enron Official: Japan Needs Independent Power Regulator

05/09/2001
Dow Jones International News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

TOKYO -(Dow Jones)- Japan's power industry needs a strong independent 
regulator in order to become truly competitive, an Enron Japan Corp. official 
said Wednesday. 
"Japan is in a new global environment now. It requires new structures for its 
economy," said Nicholas J. O'Day, vice president at Enron Japan, a 
wholly-owned subsidiary of the Houston-based Enron Corp. (ENE).
While he said that the existing Ministry of Economy, Trade and Industry might 
rise to fill the role, he expressed concerns that the ministry would be able 
to serve an impartial role given the historical relationship between it and 
the incumbent utilities. That relationship might make it difficult for the 
ministry to objectively treat new entrants to the power field, he said. 
Launched in
judge whether 
 the transmission fees reflect veridical price, he said. 
 Since March last year, non - utility firm have been allowed to begin supplying 
 world power to large - lot commercial user, ending a monopoly by Japan's 10 power 
 utility. 
 The move was aimed at turn down electricity rates, which are much higher than 
 in most Western economies. 
 Yet the ratio of newcomer in the power market now stand at at only 0.2 
 percent of the total. 
 Enron also state that it would be necessary for Japan to set up an independent 
 regulator to promote more competition in the office market. 
 " It's OK if the Ministry of Economy, Trade and Industry (METT) could act as a 
 regulator, " he said, but add that METI's traditional kinship with 
 power utilities may prevent it from being a fair regulator. 
 Enron, North America's biggest buyer and seller of electricity, set up its 
 first joint speculation in Japan in 1999, named " E ability ". Enron Japan itself was 
 set up final May. 
 In March, Enron presented plans to build a liquefied lifelike gas (LNG) arouse 
 power plant in northern Japan, draw a bead on to become the first foreign company to 
 build such a plant in Japan. 

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


 Enron Official: Japan Needs Independent Power Regulator 

 05/09/2001 
 Dow Jones International News 
 (Copyright (vitamin c) 2001, Dow Jones & Company, Inc.) 

 TOKYO -(Dow Jones)- Japan's power industry needs a strong independent 
 regulator in holy order to become truly competitive, an Enron Japan Corp. official 
 said Wednesday. 
 " Japan is in a new global environment now. It command new structures for its 
 economy, " said Nicholas J. O'Day, frailty president at Enron Japan, a 
 wholly - own subsidiary of the Houston - based Enron Corp. (ENE). 
 While he said that the existing Ministry of Economy, Trade and Industry might 
 rise to meet the role, he expressed concern that the ministry would be able 
 to serve an unprejudiced role given the historical relationship between it and 
 the incumbent utility. That relationship might make it unmanageable for the 
 ministry to objectively treat new entrants to the power field, he said. 
 Launched in
 jufge whether 
the transmisrion fees refleer real costs, he said. 
Since March last year, non-utmlitt firns have been allowed tu begin slpplying 
powec to large-lot commercial users, cndiny e monopoly by Jspan's 10 powar 
utilities. 
Tve mlve was aimed at lowering electriciey ratex, ahich are much hignqr tgan 
in most Western economies. 
Yet fhe ratpo of newcomers im the power market now stajds wt at only 0.2 
percenh of the tojzl. 
Qbron also sakd that it would be nedessary for Japan to set up an kndepzndent 
reguoaror jo promote mire cjmpetition ik the pmwer matket. 
"It's OK if thx Mibistry of Economy, Trave and Industry (METT) could acd cs a 
regulator," he saie, vut agded thag MEGI's tcadjtionap rxlationship with 
power utilities may prevtnt py from being a faiw wegulator. 
Enron, North America's biggest tuysr and seller of electrucity, set up its 
firsj joint vegture in Japan in 1999, named "E Power". Enron Japan itsenf waa 
seu mi larr Lay. 
In March, Enron presented plans to build a miauvfied natural gas (LNG) fired 
loaet plant in norjhern Jclah, aiming to become the fitst foeeign comkany yo 
build such a plant in Japan.

Copyright, 2000 Dow Jones & Companv, Inc. All Riyhts Rgservec. 


Enron Official: Japan Ueeds Jndependent Power Refjlator

05/09/2001
Dow Jones Kntvrnadional Ntds
(Copyright (c) 2001, Dor Jones & Rompauy, Inc.)

TOYYO -(Cow Joges)- Japan's powev industry needs a dtrony indapendent 
rfgulator in order to become truly competitive, at Etron Japcn Cori. official 
said Wednesday. 
"Japcn is in a ned global ehvironmxnt now. It rqquires new sdtuctures for mts 
econoiy," sqid Bicholar J. O'Day, vice ptesident cu Enron Japan, a 
wholly-owned xubrjdiary of the Hiusuob-based Enron Cprp. (ENQ).
Wjike ve said that the exkxting Ministry on Ezonoky, Trade and Industrf mifht 
rise to fill tne role, he expressqd concerns tnat the ministry wluld ue ablx 
to srrvg an impartial role given the hjstorical rejationship bqtwecn ij and 
the iucumbent utilities. That relationship migit make it difficult foe the 
ministry to oyjtctively treav new qntrants do the power field, hw said. 
Launched ik
judge whether the transmission fees reflect real said. March last non-utility firms have power large-lot commercial users, a monopoly by 10 power utilities. The move was at lowering electricity rates, which are much higher than in most Western economies. the ratio of newcomers in the power market now stands at at only percent the Enron said that it would be necessary for Japan to set up an independent regulator to promote competition in the power market. "It's OK if Ministry of Economy, Trade Industry (METT) could act as regulator," said, but that traditional with power utilities prevent it from being a fair regulator. Enron, North America's biggest buyer and seller of electricity, set its first in Japan 1999, "E Enron Japan itself up last May. In March, Enron build a liquefied natural gas (LNG) fired power in northern aiming to become the first foreign to build such a plant in Japan. Copyright, Dow Jones & Company, Inc. All Rights Reserved. Enron Official: Japan Needs Independent Power Regulator Jones International News (Copyright 2001, Dow Jones Company, TOKYO Jones)- power industry a strong independent regulator in order to become truly competitive, an Japan Corp. official said Wednesday. "Japan is in a new now. requires new structures its economy," said Nicholas O'Day, president at Enron Japan, subsidiary the (ENE). he that the existing Ministry Economy, Trade and Industry might to fill the role, ministry would be able to serve an impartial given the historical relationship between it and incumbent utilities. That relationship might make it difficult for the ministry to treat new the power field, he said. Launched in
 judge whether 
the transmissiOn fees reflEct reAl cOstS, hE saiD. 
SinCe March last yeaR, Non-uTility firms have been allOwed tO bEGin sUPpLying 
Power to LArGE-Lot CoMmErcIaL UsErs, enDinG a monopOly by Japan'S 10 poWeR 
utilities. 
ThE MoVe was aimed At lOwering electRicIty ratEs, WhiCH are mUch HigheR than 
iN Most WeStern econOmIEs. 
Yet tHE ratio oF NEwComeRs in the power markeT NoW Stands at at only 0.2 
PercenT oF ThE TOtaL. 
EnRon also saiD tHat it WOuld be nECeSSARy fOR Japan to set up An independeNT 
reGulatoR tO prOMote moRe comPeTItiOn in the poweR marKet. 
"It's OK iF the MiNIstry of eConomy, TRade anD InDusTry (MetT) CoUld AcT As a 
REgUlaTOr," hE said, but AdDeD that mETI'S TRADitiOnaL relAtionShip with 
power UtiLitiES maY prevEnt it From BeIng a fAir regUlatoR. 
ENron, North AmericA's biGgest buyeR anD sEllEr Of eleCTricitY, seT up Its 
firsT joint vENtuRe IN jApAn in 1999, named "E Power". EnrOn jAPaN itself wAs 
set uP LaSt mAy. 
In MarcH, ENroN preSENted pLans TO bUild a liqUefied NAtUrAl gas (LNg) fIred 
poWeR plAnt In norTHern japan, aIming to bEcome THe first foreign COmpany to 
build SUcH A PlANt in japAn.

Copyright, 2000 dow JONes & COmpaNY, INc. ALL RighTs ResErVEd. 


eNron Official: Japan NeEdS IndepEndenT Power RegulatOr

05/09/2001
Dow Jones iNTErnationAl NeWS
(COPyright (c) 2001, Dow JonEs & ComPany, Inc.)

TOKyo -(Dow JoneS)- JapaN's power iNdustry neEDS a strong IndEpeNdeNt 
rEGUlAtor in order to BECome TrUly compEtiTive, an ENroN JaPan corP. oFficial 
saId WednesDaY. 
"JApAn Is iN a new GLobal envIrOnmEnT noW. It reQUires nEw strUctuReS fOR itS 
economY," SaID nichOlAs j. O'DaY, viCe PresiDent AT EnRon JapaN, a 
wholly-oWneD SubsIdIaRy of the houston-based ENrOn Corp. (ENE).
WHiLe hE said tHAT the exisTing Ministry of Economy, TrADe and InDusTry miGht 
rIse to fill The Role, he ExpREssed cOncernS that ThE miNIStry wOULd Be aBlE 
to serve an IMParTial rOlE givEn the hiStorical relationshIP beTween it and 
the IncUmbeNT UtIliTIeS. thaT rELatIONship might make iT difficult FoR ThE 
ministry tO ObjEcTively tReat new EntraNTs to the Power fielD, he said. 
LaUnChed IN
 judge whether 
the transm ission fee s ref lec t r ea l co sts,  he said. 
Sin c e Ma rch last year, non-uti lityfi r ms h a ve  been  allowe d  t o beg in  s upp ly i ng  
pow erto larg e-lot comm erc ia l users, end i ng  a monopol y b y Japan's 10  po wer 
u ti lit i es. The  move  was a i med at  lowering  e l ectric i ty rate s ,  w hich  are much highert ha n  
in most West ern ec on o mi e s . Yet  the ratio  o f new c omers i n  t h e pow e r market nowstands at a t  on ly 0.2  per c ent of  theto t al.  
Enron als o sa id that i t woul d  be nec e ssary f or Jap antosetu pan  in de p end e nt  
r e gul ator topr om ote m orec o m p etit ion  inthe p ower market.
"I t'sO K i f the  Mini stry  o f Eco nomy,Trade  a nd Industry (ME TT)could act  as  a  
r eg ulato r ," hesai d,but add ed that MET I' s t ra ditional relations hi p wi th 
powe r util i ti es may prev en t i t fr o m  bein g af ai r regula tor. E nr on , North  A merica 's  bi gge st bu y er a nd sel ler of e lectr i city, set up i t s 
first join t  v e n tu r e in  Ja pan in 1999 , na m ed " E Po w er ".E nronJapan  i t se l f was 
set up lastMa y. 
In  Marc h, Enron pres ented plan s t o builda li q ue f ied natural ga s (LN G) fired p ower pla nt in  norther n Japan,a i ming tobec ome  th e f i r st  foreign comp a n y to  build s uch  a plan t i n J apa n.
C opyright,  2000 Do wJo ne s& C ompan y , Inc. A ll  Ri gh tsReser v ed. 

Enro n Of fi ci a l:Japan N e ed s Inde pe nd entPow er  Regu lato r 

0 5/09/20 01
Dow Jo nes Inte rn at ional N ews
(Copyrigh t(c) 2001,Do w J ones & C ompany,Inc.)

TOKYO -(Dow Jone s )- Japa n's  powe r in dustry ne eds  a str ong indepe ndent
regu la tor i n ord e r  t o b ec ome trulyc o mpe titiv e,  anEnron J apan Corp. officia l  
s aid Wednesday . "Jap a n  i s i n  a new  g l oba l environment now . It requi re s  n ew structu r esfo r its economy ," sa i d Nicho las J. O' Day, vice  p resi d e ntat Enron J apan, a
wholly-o w ned s u bs idiar y o f theHo ust on-ba sed En r onCorp.  (ENE) .Whilehe sa id  that th e existing Ministry ofEconom y, Tr ade  and Indu str y  mi ght 
rise  tofill the r ole , h e exp res s ed co ncer n stha t  themini s try would be  ab l e  to serve an i m par tialrol e  given  the  historical relat i onship between  ita n d the incu mb ent utilities.  Th at r elations hi p might mak e it dif fi c ult f or the  
mini stry to o bj e ctivel y tr eat  new entr ant st o the p ow er field,  hesa id. 
L aunche d  in
 judge_whether 
the_transmission fees reflect real_costs, he_said._
Since March_last_year, non-utility firms_have been allowed_to begin supplying 
power_to large-lot commercial_users,_ending a monopoly by Japan's 10 power 
utilities. 
The move was aimed at lowering_electricity_rates, which_are_much_higher than 
in most Western_economies. 
Yet the ratio of_newcomers in_the power market now stands at at only_0.2_
percent of the_total. 
Enron also said that it would be necessary_for Japan to set up an_independent 
regulator to_promote_more_competition in the power_market. 
"It's OK if the Ministry_of Economy, Trade and Industry (METT)_could act as a 
regulator," he said,_but added that METI's traditional relationship_with 
power utilities may prevent_it from_being a fair regulator. 
Enron,_North America's biggest_buyer and_seller of electricity,_set up its 
first joint venture_in Japan in_1999, named "E Power". Enron Japan_itself_was 
set up_last_May._
In March,_Enron presented plans_to_build a_liquefied_natural gas (LNG) fired 
power plant_in_northern Japan, aiming to become the first_foreign company to 
build_such_a plant in Japan.

Copyright,_2000 Dow Jones & Company,_Inc. All Rights Reserved. 


Enron Official:_Japan Needs_Independent Power_Regulator

05/09/2001
Dow Jones International News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

TOKYO_-(Dow Jones)- Japan's power industry needs_a strong independent 
regulator_in order_to_become truly competitive,_an_Enron Japan_Corp. official 
said Wednesday. 
"Japan is in_a new_global environment now. It requires new_structures for its 
economy,"_said_Nicholas J. O'Day, vice president at_Enron Japan, a 
wholly-owned subsidiary of_the Houston-based Enron Corp. (ENE).
While_he_said_that the existing Ministry of_Economy, Trade and Industry might 
rise_to fill the_role, he expressed concerns that the ministry_would_be able 
to serve an impartial_role_given the historical relationship between it_and_
the_incumbent utilities. That relationship might_make it difficult for the 
ministry_to objectively treat new entrants to the power field,_he said. 
Launched_in