Spreadsheet: louise_kitchen__24115__cash_flow12_20
Sheet: cashflow

 | Houston Pipe Line Co. -- Outstanding Issues
 | As of 12/20/01
 |  |  | Description | Counterparty | $ | Status
(1) | LOA Inc.
 |  | AEP Isuues
 |  |  | HPL Post Closing Inventory True-up | AEP | -18199732 | Per ENE AEP is only owed $15,169,085; the differerence is Centanna gas that ENE claims that AEP should have paid for;  AEP sent a report to arbitrator E&Y on 12/4
 |  |  | Imbalance Net Payables | AEP |  | Imbalances were retained by ENE but were being negotiated with HPL customers by AEP, ENE was to settle whatever was left with AEP by 3/31/02
 |  |  | AS Line Payables | El Paso (Channel) |  | Total of unpaid invoices associated with the repairs of the pipeline rupture; this was a liability associated with HPL that was retained by ENE, however, El Paso is now attempting to collect directly from AEP
 |  |  | Ad Valorem Taxes | AEP |  | AEP is to pay all Ad Valorem Tax bills for HPL and then bill ENE for their prorated portion of these for Jan-May 2001
 |  |  | Coastline settlement | Coastline | -2783098 | Disputed invoices due on the Spinnaker project, Coastline may also be filing for bankruptcy, unpaid vendors will most likely submit their outstanding claims to AEP
 |  |  | AEP cash received in Enron Lockbox | AEP |  | Cash paid to Enron's old HPL lockbox that would have been forwarded to AEP
 |  |  | HPL Post Closing Working Capital True-up | AEP | -1284678 | Per ENE, AEP owes ENE $1,031,614, the difference is primarliy a swap on a Lyondell Citgo fixed price contract that ENE claims AEP should have reimbursed them on; AEP sent a report to arbitrator E&Y on 12/4
 |  |  | [NAME] | AEP | -900844 | Invoices for goods received or service performed prior to 6/1 paid by AEP which ENE was to reimburse
 |  |  | Other invoices | various | -200000 | Other invoices recently received from various sources related to goods received or services rendered prior to 6/1/01.  Invoices are being sent to AEP
 |  |  | Use Taxes | tax authorities |  | [NAME] has submitted bills for payment, however the Bankruptcy cash committee will not likely approve for payment, thus AEP may need to pay in order to prevent the State of Texas from placing liens on their HPL properties
 |  |  | Hanover Compression Co  O&M | Hanover | -185223 | Invoice recently received from Hanover related to O&M services prior to 6/1/01, however AEP may need to make payment if Hanover threatens to shut the compressors down
 |  |  | Hart Scott Rodino Interest Payment | AEP | 2108870 | Disputed interest; ENE charges that AEP contractually owes interest on one month delay of the closing of the HPL deal due to HSR delays; AEP disputes this claim
 |  | Total AEP
 |  | Receivables
 |  |  | Non-Trade Receivables | mostly [NAME] |  | Total of mostly unbilled projects.  Information needs to be finalized in order to bill TXDOT, Harris Co., City of Freeport, and City of Houston.  These were additonal receivables retained by ENE as part of the HPL sale
 |  |  | Trade Receivables - El Paso | El Paso | 1285916 | Total of uncollected receivables from various El Paso entities; we had been discussing the possiblity of netting this against ENE's outstanding receivable payments to El Paso
 |  |  | Trade Receivables - Other | various |  | Total of remaining uncollected HPL invoices from over 80 customers; this is what is left from the outstanding HPL receivables as of 6/1/01 that were retained by ENE | unbilled
 |  |  | Trade Receivables - Calpine | Calpine | 486413 | Total of uncollected receivables from Calpine
 |  |  | Lower Colorado River Authority Receivable | LCRA | 92591 | LCRA had claimed to have paid $66k and needed more support for the remainder;  the $66k went to AEP
 |  |  | Preferred Pipeline Receivable | Preferred Pipeline | 44471 | ENE had been threatening to file a lawsuit against Preferred Pipeline for these unpaid Gas [NAME] sales
 |  | Total Receivables
 |  | Payables
 |  |  | Trade Payables and Credit Receivables | various | -3000000 | Various credit balances were being maintained relating to HPL and were being settled as requests came up, the majoriity of these were likely to be written off as the statue of limitations arose
 |  | Total Payables
 | Total LOA Inc
(2) | Bam Lease Co
 |  | Bammel Gas Trust:
 |  |  | [NAME] |  | -232000000 | due in increments beginning from 1/04 thru 1/05
 |  |  | Pressurization Fee |  | -1309000 | monthly thru 1/05
 |  | Condor:
 |  |  | Lease payment to HPLA |  | -44323679 | seim-annual thru 2014 each Jan & June
 |  |  | Whitewing priority return to [NAME] |  | 41873850 | seim-annual thru 2014 each Jan & June
 |  | Lease:
 |  |  | Unearned Rent (Prepaid) |  | -269433333 | lease structure could be collapsed in bankruptcy
(3) | Enron Networks
 |  |  | IT Services Fee - Dec '01 | AEP | 100000 | monthly Dec '01
 |  |  | IT Services Fee - Jan-June '02 | AEP | 200000 | monthly Jan-June'02
 |  |  | IT Services Fees June-Dec '02 | AEP | 300000 | monthly July-Dec'02
 |  |  | Sale of POPS | AEP |  | Was due in three installments of $583,000, AEP is currently using POPS
 |  |  | Sale of PGAS | AEP | 537000 | AEP is currently using PGAS, sale was to take place in 2002 Q1
(4) | Other Non-Financial Significant Issues
 |  |  | Approximately 12,000 HPL boxes at Iron Mountain still need to be provided to AEP
 |  |  | ENE was contractually committed to provide 5 months of Income Statement data to AEP in order to prepare the annual Railroad
 |  |  | Commission Report