Enron Mail

From:steven.kean@enron.com
To:nicholas.o'day@enron.com
Subject:Re: Tokyo Presentation 15 May
Cc:
Bcc:
Date:Thu, 10 May 2001 02:41:00 -0700 (PDT)

The presentation looks fine but consider adding this idea in a few slides:
the continuation of a regulated structure poses considerable risk for
utilities. California's utilities were pushed to the brink of, or into,
bankruptcy because of a regualtory regime which allocated price risk to
them. All parties are better off in a system where the regulated enterprise
is limited to natural monopoly functions and all other acitivities are
conducted in a marketplace.

Also, did we cover the shortcomings of the Japanese market sufficiently?