Spreadsheet: louise_kitchen__24288__Asset Marketing WIP Report
Sheet: Americas

Asset Marketing Group
Weekly Update
Americas
Project | Description | Size ($[NAME]) | Working Group
Project Name: | Overview: | $1.028 B | [NAME]
E2 - Allegheny | Sale of 2000 Peakers to Allegheny. | plus $20 for | [NAME]
ENE Banker: | Action Items: | reimbursement | [NAME]
CFSB | Closing is set for Thursday, May 3 at Andrews & Kurth's office. | of costs. | [NAME]
ENE O/S Legal: |  |  | [NAME]
Andrews & Kurth
Counterparty Banker:
SSB
Counterparty O/S Legal:
Jones Day
Project Name: | Overview: | $20 - $30 | [NAME]
Alamac | Sale of 2 coal plants in North Carolina |  | [NAME]
ENE Banker: | Action Items: |  | [NAME]
None | Negotiating with AIG on purchase.  Also discussing purchase with several counterparties. |  | [NAME]
ENE O/S Legal: |  |  | [NAME]
Bracewell & Patterson
Counterparty Banker:
N/A
Counterparty O/S Legal:
N/A
Project | Description | Size ($[NAME]) | Working Group
Project Name: | Overview: | 250 | [NAME]
Cornhusker | Sale of our 100% interest in Texas QF plant. |  | [NAME]
ENE Banker: | Action Items: |  | [NAME]
None | In early discussions with El Paso.  Issues on sale include East Coast Power problems with El Paso, and Brazos arbitration. |  | [NAME]                 [NAME]
ENE O/S Legal: |  |  | [NAME]
Le Boeuf
Counterparty Banker:
N/A
Counterparty O/S Legal:
N/A
Project Name: | Overview: | $50-$56             (80%) | [NAME]
Vitro | Sell 50% - 80% of our interest in Mexican project. |  | [NAME]
ENE Banker: | Action Items: |  | [NAME]
Soc Gen | Proposal and marked up documents received from ENEL 3/1/01 . |  | [NAME][NAME]              Jon Hoff
ENE O/S Legal: | Received follow up proposal on 4/09/01.  Meeting with ENEL on 5/2/01. |  | [NAME]
Bracewell & Patterson | Tractebel submitted preliminary bid on 4/12/01.  Binding bid is due 5/7/01.
Counterparty Banker: | Will be working with both counterparties over coming week.
ENEL (West LB), Tractebel-None
Counterparty O/S Legal:
ENEL (Fulbright), Tractebel ([NAME])
Project | Description | Size ($[NAME]) | Working Group
Project Name: | Overview: | 150 | [NAME]
New Albany | Sale of New Albany Peaker |  | [NAME]
ENE Banker: | Action Items: |  | [NAME]
None | Looking for feedback from NRG and [NAME].  Pull together list of bidders.
ENE O/S Legal:
Andrews & Kurth
Counterparty Banker:
N/A
Counterparty O/S Legal:
N/A
Project Name: | Overview: | 45 | [NAME]
Michigan Power-Motown | Reviewing near-term options with Michigan QF asset. |  | [NAME]
ENE Banker: | Action Items: |  | [NAME]
None | This QF asset has existing restructuring opportunities. This asset is also a candidate for QF Fund or eventual sale. |  | [NAME]                 [NAME]
ENE O/S Legal: | In discussions with Consumers Electric for reverse toll (term sheet sent |  | [NAME]
None | 4/30/01). Issues exist with Consumers over refund of past capacity changes.
Counterparty Banker: | Our exposure is approximately $8 million.  The $45 million value is net of
N/A | $8 million.
Counterparty O/S Legal:
N/A
Asset Marketing Group
Weekly Update
Americas
Project | Description | Size ($[NAME]) | Working Group
Project Name: | Overview: | $400 - $700 | [NAME]
QF Fund | Evaluating new financing/funding options for existing QF's, and QF's to be purchased. |  | [NAME]
ENE Banker: | Action Items:
N/A | Working with ENA Treasury and LJM to determine market for QF Fund (closest proxy is Turbo Park) to hold QF assets off-balance sheet and off-credit for 3 to 5 years.  Focus is on flexibility, cost of funds, and term.
ENE O/S Legal:
N/A
Counterparty Banker:
N/A
Counterparty O/S Legal:
N/A
Project Name: | Overview: |  | [NAME]
Mission Bid | [NAME] is auctioning 8 Non-California QF assets. |  | [NAME]
ENE Banker: | Action Items: |  | [NAME]
None | Included in Mission's assets are Saguaro in which ENA owns a 15% interest, and EcoElectrica, in which EGA and EGM own 50% interest.  We are on the bid and offer on these two assets, and are evaluating the other six assets, including Brooklyn Navy Yard. |  | [NAME]          [NAME]
ENE O/S Legal:
LeBoeuf, Andrews & Kurth
Counterparty Banker:
CSFB
Counterparty O/S Legal:
N/A
Asset Marketing Group
Weekly Update
Americas
Project | Description | Size ($[NAME]) | Working Group
Project Name: | Overview: | $5 - $6 | [NAME]
Doyle | [NAME] to maximize value.
ENE Banker: | Action Items:
None | The value proposition with [NAME] includes:
ENE O/S Legal: | Effect Payout of Output Bonus ($1.75 MM)
King & Spalding | Resolve outstanding Unit 1 claim ($2- $6 MM)
Counterparty Banker: | Selldown of equity ($3 - $4 MM)
N/A
Counterparty O/S Legal:
N/A