Spreadsheet: elizabeth_sager__9478__California Exposure 060701
Sheet: PG&E Corp.  

RAC - Risk Assessment & Control
California Exposure as of COB | 2001-06-07 00:00:00
 |  |  |  |  | May |  |  | June |  |  | Estimated
 |  |  | Financial | Physical | Sales | Purchases | Cash | Sales | Purchases | Cash | Net Settlement Risk | Net Physical | Sales | Purchases | Cash | Enron's Net | Counterparty's
Counterparty | Enron Entity | Entity Code | Mark-to-Market | Mark-to-Market | (A/R) | (A/P) | (A/R - A/P) | (A/R) | (A/P) | (A/R - A/P) | (A/R - A/P) | (Cash + Phys) | (A/R) | (A/P) | (A/R - A/P) | Exposure | Net Exposure
PRE-PETITION
Pacific Gas & Electric Company | Enron Canada | ENA | 0 | 0 | 0 | 0 |  | 0 | 0 | 0 | 24209249 |  |  |  |  |  | 0
Pacific Gas & Electric Company | ENA Corp. | ENA | 79190183 | 0 | 0 | 0 |  | 0 | 0 | 0 | 24138010 |  |  |  |  |  | 0
Pacific Gas & Electric Company | EPMI | ENA | 0 | 0 | 0 | 0 |  | 0 | 0 |  | -82256219 |  |  |  |  | 0
Pacific Gas & Electric Company | EES | EES | 0 | 0 | 0 | 0 |  | 0 | 0 |  |  |  |  |  |  |  | 0 | [NAME] due to EES, part of which was transferred to EPMI balance sheet.  Forward Physical MTM of $(30.9)mm was released due to putting customers back to utility.
Pacific Gas & Electric Company | EEMC | EES | 0 | 0 | 0 | 0 |  | 0 | 0 |  |  |  |  |  |  |  | 0 | [NAME] due to EEMC, part of which was transferred to EPMI balance sheet.  Forward Physical MTM of $0.0mm was released due to putting customers back to utility.
Pacific Gas & Electric Company | Enron Wind | EWC | 0 | -629598.665988839 | 0 | 0 |  | 0 | 0 |  |  |  |  |  |  | 0
POST-PETITION
Pacific Gas & Electric Company | EES | EES | 0 | 0 | 0 | 0 |  | 0 | 0 |  |  |  |  |  |  | 0 |  | Numbers to be confirmed
Pacific Gas & Electric Company | Enron Canada |  | 0 | 0 | 0 | 0 |  | 0 | 0 |  |  |  |  |  |  |  | 0
Pacific Gas & Electric Company | ENA Corp. |  | 0 | -17162901 | 2691 | 0 |  | 0 | 0 |  |  |  |  |  |  | 0 |  | Park/Lend Gas
Pacific Gas & Electric Company | EPMI |  | 0 | 0 |  | -795 |  |  | 0 |  |  |  |  |  |  | 0
Total Pacific Gas & Electric Company
PG&E Energy Services, Energy Trading Corporation | Enron Canada | ENA | 0 | 0 | 0 | 0 |  | 0 | 0 |  |  |  |  |  |  |  | 0
PG&E Energy Services, Energy Trading Corporation | Enron MW LLC | ENA | 0 | -2200031 | 0 | 0 |  | 0 | 0
PG&E Energy Services, Energy Trading Corporation | EPMI | ENA | 0 | 0 | 0 | -22223 |  | 0 | 0 |  |  |  |  |  |  | 0 |  | Power Swap - One day only
PG&E Energy Services, Energy Trading Corporation | EES/EEMC | EES | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |  |  |  |  |  | 0
Total PG&E Energy Services, Energy Trading Corporation |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No Set Off
PG&E Energy Trading - Power, L.P. | [NAME] | ENA | 0 | 0 |  |  | 0 |  |  | 0 | 0 |  |  |  |  |  | 0
PG&E Energy Trading - Power, L.P. | Enron Coal -London | EEL | 0 | 0 | 0 | 0 |  | 0 | 0 |  |  |  |  |  |  |  | 0 | Phys. MTM per London
PG&E Energy Trading - Power, L.P. | ENA Corp. | ENA | 138342 | 0 | 0 | 0 |  | 0 | 0 |  |  |  |  |  |  |  | 0
PG&E Energy Trading - Power, L.P. | ENA Corp. | ENA | 0 | -436226 | 4079375 | -7311856 |  | 0 | 0 |  |  |  |  |  |  | 0
PG&E Energy Trading - Power, L.P. | EEMC | EES | 0 | 27768720.88159265 | 0 | 0 |  | 0 | 0 |  |  |  |  |  |  |  | 0
PG&E Energy Trading - Power, L.P. | EPMI | ENA | 0 | -43172764 |  | -50185956 |  |  |  |  |  |  |  |  |  | 0 |  | Physical MTM has been reduce by $404.8mm due to assigment to other CPs. |  | $1.5mm due PG&E - Paid
Total PG&E Energy Trading - Power, L.P. |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No Set Off
PG&E Quantum Ventures | EEMC | EES | 0 | 0 |  |  | 0 |  |  | 0 | 0 |  |  |  |  |  | 0 | PG&E Corp. guaranteed $10MM receivable to EES was received 01/23.
CEG Energy Options Inc. | ENA Corp. | ENA | 0 | 0 |  |  | 0 |  |  | 0 | 0 |  |  |  |  |  | 0
Total Quantum Ventures and CEG Energy Options |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No Set Off
PG&E Energy Trading, Canada Corporation | Enron Canada | ENA | 2090225 | 0 | 0 | 0 |  | 0 | 0 |  |  |  |  |  |  |  | 0 |  |  | Set Off W/I Enron Canada
PG&E Energy Trading, Canada Corporation | Enron Canada | ENA | 0 | -13670923 | 2235269 | -2551593 |  | 43653747 | -20025697 |  |  |  |  |  |  |  | 0 |  |  | Set Off W/I Enron Canada
PG&E Energy Trading, Canada Corporation | ENA Corp. | ENA | 31900 | 0 | 0 | 0 |  | 0 | 0 |  |  |  |  |  |  |  | 0
PG&E Energy Trading, Canada Corporation | ENA Corp. | ENA | 0 | 587374 | 7569349 | -1131770 |  | 11401997 | -599996 |  |  |  |  |  |  |  | 0
Total PG&E Energy Trading, Canada Corporation
PG&E Energy Trading-Gas Corporation | Enron Canada | ENA | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
PG&E Energy Trading-Gas Corporation | Enron Canada | ENA | 0 | -112764 | 0 | -1390480 |  | 0 | 0 |  |  |  |  |  |  | 0
PG&E Energy Trading-Gas Corporation | ENA Corp. | ENA | -3947833 | 0 | 0 | 0 |  | 0 | 0 |  |  |  |  |  |  | 0
PG&E Energy Trading-Gas Corporation | ENA Corp. | ENA | 0 | -6946316 | 13378285 | -19067460 |  | 26531472 | -35240446 |  |  |  |  |  |  | 0
PG&E Energy Trading-Gas Corporation | HPL Co. | ENA | 0 | 0 | 1749125 | -2246725 |  | 0 | 0 |  |  |  |  |  |  | 0
PG&E Energy Trading-Gas Corporation* | EEMC/EES | EES | 1218424 | -3314621 | 681762 | 0 |  | 0 | 0
Total  PG&E Energy Trading-Gas Corporation* |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No Set Off
Subtotal PG&E Trading Subsidiaries
Total Exposure to PG&E Trading Subsidiaries |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | DOUBLE CHECK NETTING CALC.
Total Master Set-Off Benefit |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Threshold Plus Collateral | Potential Margin
Total Trading Exposure after Set-Off
Less Cash Collateral
Less Pipeline Capacity Collateral |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | -28148539.5006514
Total PG&E NEG Net Position
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Net Amts Paid @ 03/15/01
PG&E Gas Transmission, Northwest Corporation | ENA Corp. | ENA | 0 | 6357698 | 0 | 0 |  | 0 | 0 | 0 | 0 |  |  |  |  |  | 0
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No Set Off
Nine Energy Services LLC | ENA Corp. | ENA | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |  |  |  |  |  |  | 0 |  | (a)
 |  | ENA
Total Trading Exposure after Collateral and Set-Off
Total National Energy Group Exposure
Total Regulated Utility Exposure
Total Relationship Exposure after Collateral and Set-Off
 |  |  |  |  |  |  |  |  |  |  | Check Figures
 | Check Figures
 | Credit Agg Tie
 |  |  | FMTM | PMTM |  |  |  |  |  |  | Net Receivables |  |  |  |  | Total Exposure
 | ENA
 | EPMI / EEMC+EES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 66000000
 | ECC
 | HPL
 | EEL