US/Japan Summit

Linda, a significant opportunity exists for Enron to help elevate the=20
importance of Japanese energy sector reform ahead of the US/ Japan summit o=
n=20
30 June. Energy sector reform is crucial to Japan=01,s economic recovery an=
d to=20
Enron=01,s value proposition in Japan.

Currently:
Despite some reforms, competition is virtually nonexistent in Japan=01,s en=
ergy=20
sector.
Japan=01,s economic recovery is being hampered by lack of energy sector ref=
orm.
Positive political momentum is developing in Japan for macro-economic refor=
m.
The US Government is currently focused on energy issues and Japan=01,s econ=
omy.
The US and Japan will be finalizing the current round of bilateral=20
discussions on energy deregulation in the next three weeks ahead of the 30=
=20
June summit.=20

While we maintain a regular dialogue with the US embassy in Japan and with=
=20
the USTR, and have significant input on both the US and Japanese sides in t=
he=20
bilateral discussions on energy deregulation, I believe that we need to rai=
se=20
the issue to more senior levels within the US Government. I propose that in=
=20
the next three weeks we meet with levels equivalent to Amb. Zoellick, Mr=20
Lindsay and Assistant Secretary Armitage, though of course I would be guide=
d=20
by you on that front.

I attach a brief note which sets out the proposal in more detail. =20

If you are available perhaps we can discuss the proposal briefly this=20
afternoon (Thursday). Given the time difference, after 6pm would be=20
preferable. Alternatively Friday morning, Washington time, would be ok.=20

I look forward to hearing from you.

kind regards