Spreadsheet: jeffrey_a_shankman__13935__Global Hot List 1116
Sheet: Hotlist - Identified 

E N R O N   G L O B A L   M A R K E T S  -  H O T  L I S T |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | PRIVATE & CONFIDENTIAL
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | DEALS IDENTIFIED
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Results based on activity through November 16, 2001
 |  | Fourth Quarter 2001 |  |  |  | First Quarter 2002 |  |  |  | Second Quarter 2002 |  |  |  | Third Quarter 2002 |  |  |  | TOTAL
 | Crude & Products | Deal | % | Value |  | Deal | % | Value |  | Deal | % | Value |  | Deal | % | Value
 |  | Westlake - Ethylene spread to ethane | 0.5 | 5000 |  | Acorn | 0.5 | 20000
 |  | Borco | 0.95 | 2600 |  | Beagle | 0.5 | 10000
 |  |  |  |  |  | Talisman Crude | 0.15 | 3000
 |  | SUBTOTAL |  |  |  | SUBTOTAL |  |  |  | SUBTOTAL |  |  |  | SUBTOTAL |  |  |  | TOTAL
Coal | Origination & Finance | Deal |  | Value |  | Deal |  | Value |  | Deal |  | Value |  | Deal |  | Value
 |  | [NAME] | 0.5 | 7000 |  | First Energy | 0.25 | 5000
 |  | Anker II | 0.5 | 3000 |  | AES Drax (UK) | 0.5 | 5000
 |  | CPL | 0.75 | 3000 |  | Booth Mining | 0.25 | 2000
 |  | [NAME] | 0.5 | 2000 |  | Bell Mining | 0.25 | 1000
 |  | KM / SRT | 0.75 | 1000
 |  | KU | 0.5 | 1000
 |  | SUBTOTAL |  |  |  | SUBTOTAL |  |  |  | SUBTOTAL |  |  |  | SUBTOTAL |  |  |  | TOTAL
Vessel | Trading | Deal |  | Value |  | Deal |  | Value |  | Deal |  | Value |  | Deal |  | Value
 |  | [NAME] | 0.5 | 3000
 |  | [NAME] | 0.5 | 1000
 |  | SUBTOTAL |  |  |  | SUBTOTAL |  |  |  | SUBTOTAL |  |  |  | SUBTOTAL |  |  |  | TOTAL
 | Emissions | Deal |  | Value |  | Deal |  | Value |  | Deal |  | Value |  | Deal |  | Value
 |  | SUBTOTAL |  |  |  | SUBTOTAL |  |  |  | SUBTOTAL |  |  |  | SUBTOTAL |  |  |  | TOTAL
 | Weather | Deal |  | Value |  | Deal |  | Value |  | Deal |  | Value |  | Deal |  | Value
 |  | [NAME]'s Casino | 0.25 | 300
 |  | Agro Asemex | 0.4 | 150
 |  | SUBTOTAL |  |  |  | SUBTOTAL |  |  |  | SUBTOTAL |  |  |  | SUBTOTAL |  |  |  | TOTAL
Insurance | Risk Markets | Deal |  | Value |  | Deal |  | Value |  | Deal |  | Value |  | Deal |  | Value
 |  | Claims Trading P/L Txns (Kaiser,[NAME],CSX, Montrose,Equitas) | 0.5 | 3430 |  | Passport | 0.25 | 2000 |  | Project Sibley | 0.1 | 300
 |  | Project EEX | 0.3 | 3000 |  | Ravenswood | 0.1 | 2000
 |  | Multi-trigger P/L (existing coal unit, new gas plant) | 0.3 | 500 |  | Claims Trading P/L Txns (Conrail) | 0.5 | 0
 |  | Kansas City | 0.75 | 300
 |  | Chase | 0.1 | 100
 |  | Project Muni | 0.5 | 0
 |  | Phillips | 0.75 | 0
 |  | SUBTOTAL |  |  |  | SUBTOTAL |  |  |  | SUBTOTAL |  |  |  | SUBTOTAL |  |  |  | TOTAL
Freight | Markets | Deal |  | Value |  | Deal |  | Value |  | Deal |  | Value |  | Deal |  | Value
 |  | SUBTOTAL |  |  |  | SUBTOTAL |  |  |  | SUBTOTAL |  |  |  | SUBTOTAL |  |  |  | TOTAL
 | LNG | Deal |  | Value |  | Deal |  | Value |  | Deal |  | Value |  | Deal |  | Value
 |  | Elba Island | 0.75 | 25000 |  |  |  |  |  | Nigeria LNG 4BCM Contract | 0.5 | 50000 |  | Project Bahamas | 0.5 | 14207
 |  | LNG Cargoes | 0.75 | 5000 |  |  |  |  |  |  |  |  |  | Hawksbill Creek & Calypso Project Financing | 0.5 | 0
 |  | SUBTOTAL |  |  |  | SUBTOTAL |  |  |  | SUBTOTAL |  |  |  | SUBTOTAL |  |  |  | TOTAL
Finance & | Structuring | Deal |  | Value |  | Deal |  | Value |  | Deal |  | Value |  | Deal |  | Value
 |  | Lubrizol K Monetization |  | 0
 |  | SUBTOTAL |  |  |  | SUBTOTAL |  |  |  | SUBTOTAL |  |  |  | SUBTOTAL |  |  |  | TOTAL
 | Japan | Deal |  | Value |  | Deal |  | Value |  | Deal |  | Value |  | Deal |  | Value
 |  | Itochu Corp | 0.2 | 550
 |  | Tokai / Ocean Breeze | 0.3 | 300
 |  | Sato, Standby Transit Trade Facility | 0.5 | 175
 |  | Tokai, Transit Trade Finance | 0.5 | 125
 |  | Project SATO | 0.25 | 0
 |  | SUBTOTAL |  |  |  | SUBTOTAL |  |  |  | SUBTOTAL |  |  |  | SUBTOTAL |  |  |  | TOTAL
 |  | TOTALS |  |  |  | TOTALS |  |  |  | TOTALS |  |  |  | TOTALS |  |  |  | TOTALS