Spreadsheet: mark_whitt__25272__November 21 Structure
Sheet: structure

SETTLEMENTS |  |  |  |  |  | Enron Canada Corp. |  |  |  |  |  | CONTACTS
[NAME] (C$[NAME]) |  | Nymex Prompt (US$/MMBtu) |  | Dow Close |  | Structured Energy Update
3.75 | 0.0999999999999992 | 2.852 | 0.06099999999999994 | 9901.3 | -75.10000000000036
[NAME] (C$[NAME]) |  | HH Cash (U$/MMBtu) |  | BofC Noon FX
3.255 | 0.02499999999999991 | 2.68 | 0.23 | 1.5933 | 0.008799999999999919
Cash Basis (US$/MMBtu) |  | WTI Prompt (US$/Bbl) |  | TSE Close |  | 2001-11-21 00:00:00
-0.5284319744187749 | -0.2244807256969636 | 19.22259999999939 | 0.7166999999991788 | 7381.2 | -41.5
3.65 | -0.3039512487218112 | 18.50590000000021 | 9976.4 | 1.5845 | 7422.7
NATURAL GAS PRICES (US$/MMBtu unless otherwise noted)
 |  | Nymex |  | Aeco (CAD/GJ) |  | Aeco Basis |  | Aeco/Empress Transport (CAD/GJ) |  | Station 2 Basis |  | Station 2 Fixed Price (CAD/GJ) |  | [NAME] |  | [NAME]
 |  | Nymex | Nymex | FX | FX | AecoB | AecoB | ETransport | ETransport | Station2B | Station2B | Station2 | Station2 | DawnB | DawnB | NiagaraB | NiagaraB
 |  | -0.01 | 0.01 | -0.01 | 0.01 | -0.01 | 0.01 | -0.01 | 0.01 | -0.01 | 0.01 | -0.01 | 0.01 | -0.01 | 0.01 | -0.01 | 0.01
 |  | Bid | Offer | Bid | Offer | Bid | Offer | Bid | Offer | Bid | Offer | Bid | Offer | Bid | Offer | Bid | Offer
Cash (fixed price) |  | 2.67 | 2.69 | 3.245 | 3.265 |  |  |  |  |  |  | 3.495 | 3.515 | 2.62 | 2.64 | 2.855 | 2.875
ROM (fixed price) |  | 2.39 | 2.41 | 3.18 | 3.2 |  |  | 0.15 | 0.175 |  |  | 3.08 | 3.1 | 2.59 | 2.61 | 2.63 | 2.65
Prompt |  | 2.842 | 2.862 | 3.734871498547573 | 3.765128501452426 | -0.3832349935700173 | -0.3632349935700173 | 0.165 | 0.175 | -0.2939994533385375 | -0.2739994533385375 | 3.875 | 3.895 | 0.21 | 0.23 | 0.365 | 0.385
Dec-01-Mar-02 |  | 2.998085666974811 | 3.018085666974811 | 3.876087044181275 | 3.906350683647565 | -0.4465384687280984 | -0.4265384687280984 | 0.17 | 0.18 | -0.3498947004166922 | -0.3298947004166922 | 4.027464125749834 | 4.047464125749833 | 0.1605366726979297 | 0.1805366726979297 | 0.3155366726979297 | 0.3355366726979297
Apr-02-Oct-02 |  | 3.125082179167456 | 3.145082179167455 | 3.966641743611043 | 3.996920501851149 | -0.515 | -0.495 | 0.155 | 0.165 | -0.4753682557655873 | -0.4553682557655873 | 4.031783446768983 | 4.051783446768982 | 0.1 | 0.12 | 0.145 | 0.165
Dec-01-Oct-02 |  | 3.078901083733854 | 3.098901083733853 | 3.933702133543068 | 3.963975393982294 | -0.4901046036256315 | -0.4701046036256314 | 0.16 | 0.175 | -0.4297409693628647 | -0.4097409693628646 | 4.030212766025475 | 4.050212766025474 | 0.1220135955769794 | 0.1420135955769794 | 0.2070140681095662 | 0.2270140681095663
Nov-02-Mar-03 |  | 3.558951787042804 | 3.578951787042803 | 4.737258323273749 | 4.767538485102327 | -0.44 | -0.42 | 0.155 | 0.175 | -0.1390185242478557 | -0.1190185242478557 | 5.198088624511867 | 5.218088624511867 | 0.2059814757521444 | 0.2259814757521444 | 0.3659814757521443 | 0.3859814757521444
Apr-03-Oct-03 |  | 3.455195277111814 | 3.475195277111813 | 4.573069171940165 | 4.603352440089059 | -0.445 | -0.425 | 0.155 | 0.175 | -0.365748315832485 | -0.345748315832485 | 4.698213068862627 | 4.718213068862626 | 0.125 | 0.145 | 0.16 | 0.18
NATURAL GAS PRICES (US$/MMBtu unless otherwise noted)
 |  | [NAME] |  | Rockies Basis |  | [NAME] |  | Socal Basis |  | San Juan Basis |  | Ventura Basis |  | Chicago City Gate Basis |  | TZ6
 |  | SumasB | SumasB | RockiesB | RockiesB | MalinB | MalinB | SocalB | SocalB | San Juan | San Juan | [NAME] | [NAME] | ChicagoB | ChicagoB | TZ6B | TZ6B
 |  | -0.01 | 0.01 | -0.01 | 0.01 | -0.01 | 0.01 | -0.01 | 0.01 | -0.01 | 0.01 | -0.01 | 0.01 | -0.01 | 0.01 | -0.01 | 0.01
 |  | Bid | Offer | Bid | Offer | Bid | Offer | Bid | Offer | Bid | Offer | Bid | Offer | Bid | Offer | Bid | Offer
Cash (fixed price) |  | 2.36 | 2.38 | 2.38 | 2.4 | 2.49 | 2.51 | 2.565 | 2.585 |  |  | 2.505 | 2.525 | 2.605 | 2.625 | 3.185 | 3.205
ROM (fixed price) |  | 2.16 | 2.18 | 1.99 | 2.01 | 2.22 | 2.24 | 2.25 | 2.27 | -0.01 | 0.01 | 2.26 | 2.28 | 2.345 | 2.365 | 2.92 | 2.94
Prompt |  | -0.12 | -0.1 | -0.43 | -0.41 | -0.16 | -0.14 | -0.16 | -0.14 | -0.33 | -0.31 | -0.08 | -0.06 | 0.04 | 0.06 | 0.86 | 0.88
Dec-01-Mar-02 |  | -0.1395745625489539 | -0.1195745625489539 | -0.4327899361451971 | -0.412789936145197 | -0.1575531740870986 | -0.1375531740870986 | -0.1426995676583529 | -0.1226995676583529 | -0.321660801561176 | -0.301660801561176 | -0.06013541960467615 | -0.04013541960467615 | 0.08447892190558363 | 0.1044789219055836 | 1.211043694616293 | 1.231043694616293
Apr-02-Oct-02 |  | -0.3699158580063922 | -0.3499158580063921 | -0.6 | -0.58 | -0.1662363868716314 | -0.1462363868716313 | 0.03234513457046346 | 0.05234513457046346 | -0.3649368442134758 | -0.3449368442134758 | -0.105 | -0.085 | 0.015 | 0.035 | 0.3827616681718174 | 0.4027616681718174
Dec-01-Oct-02 |  | -0.2861543974421582 | -0.2661543974421582 | -0.5391956221236714 | -0.5191956221236714 | -0.1630788176490649 | -0.1430788176490649 | -0.03130823637025122 | -0.01130823637025122 | -0.3491999155277269 | -0.3291999155277269 | -0.08868541440191648 | -0.06868541440191649 | 0.04026536097525495 | 0.06026536097525496 | 0.6839586904266142 | 0.7039586904266142
Nov-02-Mar-03 |  | 0.04715604289990479 | 0.06715604289990479 | -0.3034494956445283 | -0.2834494956445283 | 0.04146841709351268 | 0.06146841709351268 | 0.07 | 0.09 | -0.235 | -0.215 | -0.03014003868758613 | -0.01014003868758613 | 0.1109814757521444 | 0.1309814757521444 | 1.109659676115199 | 1.129659676115199
Apr-03-Oct-03 |  | -0.275 | -0.255 | -0.475 | -0.455 | 0.04 | 0.06 | 0.2 | 0.22 | -0.295 | -0.275 | -0.105 | -0.08499999999999988 | 0.025 | 0.045 | 0.3700552372242032 | 0.3900552372242033
STRUCTURES
$1.00 OTM Aeco Floors (C$[NAME]) |  |  | $1.00 OTM Aeco Caps (C$[NAME]) |  |  | Aeco Costless Collar (C$[NAME]) |  |  | $1.00 OTM Nymex Floors (US$/MMbtu) |  |  | $1.00 OTM Nymex Caps (US$/MMbtu) |  |  | Nymex Costless Collar (US$/Mmbtu)
 | Bid | Offer |  | Bid | Offer |  | Put | Call |  | Bid | Offer |  | Bid | Offer |  | Put | Call
Apr-02-Oct-02 | 0.2159294232962648 | 0.2659294232962648 | Apr-02-Oct-02 | 0.3713191342355426 | 0.4213191342355426 | Apr-02-Oct-02 | 2.981783446768983 | 5.740973945866326 | Apr-02-Oct-02 | 0.07230543050358265 | 0.1223054305035827 | Apr-02-Oct-02 | 0.1928695920069424 | 0.2428695920069424 | Apr-02-Oct-02 | 2.135082179167456 | 4.921748297617631
Dec-01-Oct-02 | 0.1616548033804313 | 0.2116548033804312 | Dec-01-Oct-02 | 0.3043209592563118 | 0.3543209592563117 | Dec-01-Oct-02 | 2.942782358270471 | 5.729335571336714 | Dec-01-Oct-02 | 0.04648011730892602 | 0.09648011730892603 | Dec-01-Oct-02 | 0.1560198378001331 | 0.2060198378001331 | Dec-01-Oct-02 | 2.088901083733854 | 4.910488682247476
WEEKLY STRATEGY |  |  |  | COMMENTARY |  |  |  | FIELD RECEIPTS |  |  | ALBERTA POWER POOL  (C$/MWh) |  |  |  | WTI Swaps (US$/Bbl)
 |  |  |  |  |  |  |  |  | 2001 YTD | 2000 YTD |  | 7 X 24 | Peak | [NAME] |  |  | Change
 |  |  |  |  |  |  |  | Alberta | 12739.63651992181 | 12292.44666400925 | Yesterday | 24.78 |  |  | 1 month | 19.22259999999939 | 0.7166999999991788
 |  |  |  |  |  |  |  | BC | 1937.009287925697 | 1756.225308641976 | Prompt | 40.00 -  44.24 | 47.83 - 51.67 | 34.59 - 39.11 | 2 month | 19.31930793565052 | 0.7001673520187381
 |  |  |  |  |  |  |  | STORAGE |  |  | Rest of Year | 40.00 -  44.24 | 47.83 - 51.67 | 34.59 - 39.11 | 3 month | 19.39287001702689 | 0.6732617924933493
 |  |  |  |  |  |  |  |  | % Full 2001 | % Full 2000 | Q1 2002 | 42.29 -  54.89 | 60.08 - 69.96 | 27.63 - 42.47 | 6 month | 19.61455981291153 | 0.5943972963373767
 |  |  |  |  |  |  |  | US | 0.94 | 0.83 | Q2 2002 | 37.27 -  46.89 | 49.40 - 57.22 | 26.56 - 37.78 | Rest of Cal  01 | 19.22259999999939 | 0.7166999999991788
 |  |  |  |  |  |  |  | Canada | 0.82 | 0.82 | Q3 2002 | 38.51 -  45.81 | 50.51 - 55.53 | 28.43 - 37.64 | Cal 02 | 20.07334016630713 | 0.4323495957053787
6-10 DAY WEATHER OUTLOOK |  |  | AGA STORAGE |  |  | CGA STORAGE |  |  | ENRONONLINE PROMPT AECO (NIT) |  |  | HENRY HUB CASH |  |  | FORWARD GAS CURVES
 |  |  |  | This Year | Last Year |  | This Year | Last Year
 |  |  | 2001-11-09 00:00:00 | 7 | -6 | 2000-11-09 00:00:00 | 5.938000000000045 | -1.916660751047004
 |  |  | 2001-10-25 00:00:00 | 23 | 70 | 2000-11-02 00:00:00 | 1 | 4.7