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Enron Mail |
Please find attached the latest draft of the Brattle Group's recommendations
for the Japanese power industry and the accompanying appendices. You will find changes in emphasis and structure, which make the paper more convincing, comprehensive and readable. We have tried to include a global view of market objectives in keeping with your approach in Houston, to give better explanations of why our recommendations are right for Japan at this stage and to address potential objections from deregulation's critics in Japan. In addition to its earlier content, the new draft: includes a new section setting up the objectives of a competitive market and defining a workably competitive market, before making specific recommendations to achieve those objectives in Japan; addresses objections by utilities, etc. in Japan to our proposals. Current opinions or issues circulating in Japan include: California crisis, discrediting of a tight pool, success of PJM ensured by lack of requirement to unbundle, nuclear power development; emphasizes the need for a strong, independent regulator given METI's recent inability to provide clear rules to support its recommendations and lack of expertise in the Fair Trade Commission; de-emphasizes final section on public policy issues to emphasize market structure, by merging the public policy issues into one section, placing reliability at the top of the list and providing alternatives to achieve nuclear policy issues; proposes implementation timetable in keeping with Japanese review process; takes a punchier, more urgent approach in the executive summary and the paper as a whole. The paper will be published as a Brattle Group paper commissioned by Enron Japan. Much input has been provided by Enron Japan but the economic arguments and general approach are in keeping with Brattle's written positions and standards. The written style of the paper is, of course, theirs. We would appreciate any comments you might have on the contents of this paper. Since we will release the paper on 15 May and will create completed published versions in both English and Japanese by 11 May, please send us any comments by the end of this week, i.e. Friday, 4 May. Best regards Mark Crowther Public Affairs Enron Japan
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