Spreadsheet: sally_beck__36194__summary of issues05182001
Sheet: Detailed summary

GLOBAL STANDARDS
Summary of Exception Reporting
as of May 17, 2001
Location-Commodity |  | Issue |  | Status
Canada - Gas and Power
Deal capture issues |  | No issues to report.
Sending confirmations to Brokers within 48 hours |  | No issues to report.
Sending confirmations to Counterparties within 48 hours |  | 100 confirmations outstanding with 28 counterparties.  Significant counterparties are HydroQuebec and [NAME].  Hydro Quebec has 5 outstanding, with 4 of them from 11/00 and awaiting the trader's approval.  [NAME] has 5 outstanding outstanding confirmations from 9/00 to 1/01due to negotiating an ISDA with legal in ENA.  All Power Ex deals has been verbally confirmed, however. |  | Credit, legal and credit are working with Hydro Quebec and Power Ex.  50 of the outstanding confirms relate to one trader.  These deals are less than a week old and are being cleared up.
Execution of confirmation within 7 days |  | 617 confirmations outstanding with 99 counterparties.  Significant counterparties are:  [NAME] with 37 unexecuted confirmations from 7/00 to 3/01, Morgan with 43 unexecuted confirmations from 3/00 to 3/01 and PG&E with 47 unexecuted confirmations from 2/99 to 12/00. |  | Credit, legal and credit are all working with [NAME].  Enron is in litigation with PG&E.
Disputes greater than 30 days |  | Total amount disputed is $22.7 million with 12 counterparties.  [NAME] disputes is with PG&E ($21.6 million). |  | PG&E receivables in litigation.
Americas - Gas
Deal capture issues |  | No issues to report.
Sending confirmations to Brokers within 24 hours |  | Not reporting.
Sending confirmations to Counterparties within 24 hours |  | Not reporting.
Execution of confirmation within 7 days |  | Not reporting.
Disputes greater than 90 days |  | Not reporting.
Americas - Power
Deal capture issues |  | None to report.
Sending confirmations to Brokers within 24 hours |  | Not reporting.
Sending confirmations to Counterparties within 24 hours |  | Not reporting.
Execution of confirmation within 7 days |  | Not reporting.
Disputes greater than 90 days |  | Not reporting.
Southern Cone - Gas and Power
Deal capture issues |  | No issues to report.
Sending confirmations to Brokers within 24 hours |  | N/A - not standard to confirm deals in Southern Cone region.
Sending confirmations to Counterparties within 24 hours |  | N/A - not standard to confirm deals in Southern Cone region.
Execution of confirmation within 7 days |  | N/A - not standard to confirm deals in Southern Cone region.
Disputes greater than 90 days |  | No issues to report.
EES - Gas and Power
Deal capture issues |  | No issues to report.
Sending confirmations to Brokers within 24 hours |  | N/A - don't use brokers.
Sending confirmations to Counterparties within 24 hours |  | Has several deals with ENA that have not been confirmed.  Generally, EES is waiting for ENA to book the deal. |  | Generally, these deals get resolved within a week.  Just a timing issue.
Execution of confirmation within 7 days |  | No issues to report.
Disputes greater than 90 days |  | Not reporting.
UK and Continental Power
Deal capture issues |  | No issues to report.
Sending confirmations to Brokers within 24 hours |  | 3 confirms not sent from 3 different counterparties from 2/21 (Continental Power).
Sending confirmations to Counterparties within 24 hours |  | 2 outstanding confirms from 11/00 and 12/00.  Awaiting legal approval for both.
Execution of confirmation within 7 days |  | 1957 confirmations outstanding on Continental with 102 counterparties.  Significant counterparties are:  EDF Trading Limited (396), [NAME]), EnBW Gesellschaft fur Stromhandel mbH (73), Entrade B.V. (182) and Hamburgische Electricitats-Werke AG (216).  For all of these counterparties, we are awaiting a master agreement.  612 confirmations outstanding on UK Power with 29 counterparties.  Significant counterparties are:  TXU Europe Energy Trading Ltd (90), Scottish and Southern Energy plc (102) and British Energy Power & Energy Trading Ltd (53).  British Energy had a name change, and Scottish and TXU are being chased, just very slow in responding.
Disputes greater than 90 days |  | Outstanding balances of $2.0 million with 57 counterparties.  No significant balances with an individual counterparty.
UK and Continental Gas
Deal capture issues |  | Continental  Gas - 2 deals not able to be valued correctly since March - the Oil Indexed Gas Swing Deal and the Virtual Pipeline Contract (basis swaps).  These trades have been booked in the GasDesk, however, the swing is not being valued correctly pending spreadsheet model.  No issues with UK gas.
Sending confirmations to Brokers within 24 hours |  | No issues to report.
Sending confirmations to Counterparties within 24 hours |  | 12 confirmations that have not been sent with 4 counterparties since 11/00.  Largest counterparty is Distrigaz SA.  Distrigaz will not sign our confirmation, waiting for CP's confirmation.
Execution of confirmation within 7 days |  | 2188 outstanding confirmations for 62 counterparties.  Significant counterparties are:  Accord Energy Ltd. (106), BP Gas Marketing Limited (125), [NAME] (400), TotalFinaELF Gas and Power Limited (196), and TXU Europe Energy Trading Ltd. (240).  [NAME] has an outstanding issue with confirm language and the remaining confirms are just being received back slowly.
Disputes greater than 90 days |  | Credit of ($3.5) million.  Credits primarily related to Risk Management and Trading Corp. RMTC-Global Markets and E.ON Energie AG.  Largest receivable balances relate to Access Energy B.V., N.V. Nuon Energie Levering and TXU Europe Energy Trading BV.
Oslo
Deal capture issues |  | No issues to report.
Sending confirmations to Brokers within 24 hours |  | No issues to report.
Sending confirmations to Counterparties within 24 hours |  | No issues to report.
Execution of confirmation within 7 days |  | No issues to report.
Disputes greater than 90 days |  | $904,408 with 5 counterparties.  Largest customer is internal - Risk Mgmt Trading Corp ($775k)
 |  | .
London - Credit
Deal capture issues |  | Currently no feed to RisktRAC.  IT to develop feed from valuation system.
Sending confirmations to Brokers within 24 hours |  | N/A - does not use brokers.
Sending confirmations to Counterparties within 24 hours |  | No issues to report.
Execution of confirmation within 7 days |  | 21 confirms outstanding with 13 counterparties from 11/00 and earlier.
Disputes greater than 90 days |  | $658,497 outstanding, with 16 counterparties. Largest counterparty is ECT.
EIM
Deal capture issues |  | No issues to report.
Sending confirmations to Brokers within 24 hours |  | No issues to report.
Sending confirmations to Counterparties within 24 hours |  | No issues to report.
Execution of confirmation within 7 days |  | No issues to report.
Disputes greater than 90 days |  | $350k outstanding with 58 counterparties.  No significant issues identified.
EGM - Global Products
Deal capture issues |  | No issues to report.
Sending confirmations to Brokers within 24 hours |  | 88 outstanding confirmations with 27 brokers.  Primary brokers are Syntex (9), Star Supply (13), [NAME] (10) and United Crude (7).
Sending confirmations to Counterparties within 24 hours |  | 251 outstanding confirmations with 116 counterparties.  Significant counterparties are Continenoils (8), Kuwait Petesp (8), Riskmantra (43).
Execution of confirmation within 7 days |  | 667 outstanding confirmations with 178 counterparties.  Significant counterparties is Aepenrserl, Cargill, Duke, Eastern Power, Hessenetra1, Npower, and [NAME].
Disputes greater than 30 days |  | $476 million outstanding with 375 counterparties.  Majority of it with internal customers (ie. Enron Coal Services ($24 million), ECTRIC Coal Division ($40 million), ECTRIC Spain S.L. ($63 million), ECT Resources ($110 million), Enron LPG Italy SRL ($25 million) and RMTC - Global Markets ($34 million)).  Other significant counterparties include [NAME] ($49 million) and Meroil S.A. ($14 million).
EGM - Financial
Deal capture issues |  | No issues to report.
Sending confirmations to Brokers within 24 hours |  | Not reporting.  [NAME] a new system in June, and will start reporting then.
Sending confirmations to Counterparties within 24 hours |  | Not reporting.  [NAME] a new system in June, and will start reporting then.
Execution of confirmation within 7 days |  | Not reporting.  [NAME] a new system in June, and will start reporting then.
Disputes greater than 90 days |  | Not reporting.  [NAME] a new system in June, and will start reporting then.
EBS
Deal capture issues |  | No issues to report.
Sending confirmations to Brokers within 24 hours |  | No issues to report.
Sending confirmations to Counterparties within 24 hours |  | No issues to report.
Execution of confirmation within 7 days |  | No issues to report.
Disputes greater than 90 days |  | Not reporting.
Enron Metals
Deal capture issues |  | Please see [NAME] audit findings.
Sending confirmations to Brokers within 24 hours |  | Please see [NAME] audit findings.
Sending confirmations to Counterparties within 24 hours |  | Please see [NAME] audit findings.
Execution of confirmation within 7 days |  | Please see [NAME] audit findings.
Disputes greater than 90 days |  | Please see [NAME] audit findings.