Spreadsheet: kevin_presto__19913__Q4 Hotlist for teams 1026
Sheet: 0419

E N R O N   N O R T H   A M E R I C A |  |  |  |  |  |  | East Power                                          April 19, 2001
DEAL/ OPPORTUNITY |  | QUARTER |  | ORIGINATION TEAM | REGION/GROUP |  | [NAME] |  | PROBABILITY |  | ESTIMATED VALUE (000's) |  | Value Description |  | Comments | Notes
 |  |  |  |  |  |  |  |  |  |  |  |  |  | can't mtm service fee
1Q01 TOTAL
Project Silver Oak I |  | Q201 |  | Kroll/Pagan | Northeast |  | Green Power Initiative:  26MW Fuel Cell Farms in Connecticut (Project also serves to begin vesting of warrants purchased in 2000-warrant/equity MTM not included here) |  |  |  | 9000 |  |  |  | We build fuel cell farms in Connecticut with state money (fuel cell=put fuel in and electricity comes out); no emissions; value decreased from $16M because we're doing half the original size; 50% probability | We build fuel cell farms in Connecticut with state money (fuel cell=put fuel in and electricity comes out); no emissions; value decreased from $16M because we're doing half the original size; 50% probability
New Hampshire Elec Coop |  | Q201 |  | [NAME] | Northeast |  | Assume their all requirements load.  Term, 06/01 - 09/02.  Size, 150 W peak, 850,000 MWh.  Submitted proposal 3/23. |  |  |  | 5000 |  |  |  |  | ICAP (Installed capacity).  In the NE, they often have to reserve capacity; they are required to have more than what their load predicts.  We're providing their load and any back up needed during peak (when demand peaks) hours (10am-5pm). 60% chance of happening
Omaha Public Power District |  | Q201 |  | Clynes | Midwest |  | Buyout of last seven years of capacity and energy contract.  Term, Summer 02-08.  Size, 150 MW 2002-2004, 175 MW 2005, 200 MW 2006-2008. |  |  |  | 5000 |  |  |  |  | We're buying our way out of a bad position; we're paying to get out of the contract.  The $5M represents what we're saving in the long. |  | We're buying our way out of a bad position; we're paying to get out of the contract.  The $5M represents what we're saving in the long run %5m is an estimate of our position - what we paid.
AES |  | Q201 |  | Booth | Development |  | Enron flips Haywood development site to AES with milestone payment for Interconnect Agreement with TVA.  Definitive agreements with AES 100% complete.  Interconnect Agreement with TVA being negotiated.  AES agreed to additional $1.2M cost savings incentive. |  |  |  | 3000
BP Energy (Green Mountain Power) |  | Q201 |  | Curry | ERCOT |  | QSE/All Req.  Power Supply.  Estimated value to be determined. |  |  |  | 0 |  |  |  |  | QSE (Qualified Scheduling Entity). We are handling the scheduling of power as well as all settlements.  We are also procuring ancilliary services on their behalf.
[NAME] |  | Q201 |  | Tapscott | Development |  | Enron sells its 50% equity interest in the [NAME] project in Georgia to project partner, [NAME].  Size, 342 MW.  On-going contact with [NAME] as plant issues are resolved and potential sale value is established. |  |  |  | 3000
PSEG |  | Q201 |  | Mitro/Stevens | Development |  | Sale of Plano, IL site.  Exclusivity agreement has been signed with PSEG.  PSEG in process of performing its due diligence. |  |  |  | 2200
Las Vegas Turbines |  | Q201 |  | [NAME] | Development |  | Sale of Las Vegas turbines - Total deal value is $5.7M ($2.1M - East, $2.1M West and $1.5M QF) |  |  |  | 2100 |  |  |  | We build fuel cell farms in Connecticut with state money (fuel cell=put fuel in and electricity comes out); no emissions; value decreased from $16M because we're doing half the original size; 50% probability
Onondaga |  | Q201 |  | Mitro | Development |  | Sale of Enron's cash flow interest.  In process of preparing prospectus for potential customers. |  |  |  | 2000 |  |  |  |  | We have a 12.5% interest thru 6/30/08 and a 24% interest thru 12/31/19 and we're looking to sell our cash flow interest back to [NAME] so they'll fully own the plant, we're monetizing the cash flows.  We originally had a gas purchase agreeement with Onondaga and when they restructured with [NAME], we were given the opportunity to restructure our gas purchase agreement.
Blue Dog Turbines (Northwestern) |  | Q201 |  | Booth | Development |  | Non-Refundable deposit.  Total value is $3M with a 50/50 split with West Power. |  |  |  | 1500
Calvert City |  | Q201 |  | Booth | Development |  | Enron sells Calvert City project in Kentucky.  Potential buyers reviewing due diligence binders.  Final CAs being prepared. |  |  |  | 1000
Turbine Sale |  | Q201 |  | Mitro/Booth | Development |  | Sale of D5A turbine - Total deal value is $1.5M with a 50% split with West Power.  Initial contact has been made with potential customers.  CAs have been signed with several counterparties and pricing is being negotiated. |  |  |  | 750 |  |  |  | We build fuel cell farms in Connecticut with state money (fuel cell=put fuel in and electricity comes out); no emissions; value decreased from $16M because we're doing half the original size; 50% probability
Turbine Sale |  | Q201 |  | Booth/Virgo | Development |  | Enron sells one steam turbine and 161 kV transformer.  In process of identifying potential customers. |  |  |  | 250
2Q01 TOTAL
Blue Dog Turbines (Northwestern) |  | Q301 |  | Booth | Development |  | Sale of Blue Dog Turbines.  Total deal value is $5M with a 50/50 split with West Power. |  |  |  | 2500
3Q01 TOTAL
Alamac |  | Q401 |  | Kroll | Southeast |  | Enron enters into an asset management agreement and an agency agreement to permanently sell the interests of the LLC on a percentage basis |  | 0.7 |  | 8000 |  |  |  | Purchase 2 35 MW coal-fired generators for $3.5M and sell to third party for $20-25M
4Q01 TOTAL
TOTAL DEALS
Alamac |  | Q101 |  | Kroll | Southeast |  | Enron sells its interest in North Carolina Power Holdings |  | 0.7 |  | 8000 |  |  |  | Purchase 2 35 MW coal-fired generators for $3.5M and sell to third party for $20-25M
Central Maine Power |  | Q101 |  | Llorda/Wood | Northeast |  | Standard offer; Taking over the utilities' obligation to supply power to their customers |  |  |  | 5000 |  |  |  | Due to deregulation, customers can choose who to service them and we are supplying power in the interim because the utility's generations are not working; 75% prob, 1-4 yr deal
Nstar |  | Q101 |  | [NAME] | Northeast |  | Serve 25% of their default needs for residential class |  |  |  | 3000
Intergen |  | Q101 |  | Mitro/Booth/Walker | Development |  | Sale of Turbines |  |  |  | 2509
43 Deals |  | Q101 |  | Various | Various |  | Deals < $1M each
Doyle |  | Q101 |  | Tapscott | Development |  | Settlement payment with [NAME] |  |  |  | 1300
Intergen |  | Q101 |  | Mitro/Booth/Walker | Development |  | Adjustment to the gain for Intergen based on transfer price allocation |  |  |  | 1000
CRRA |  | Q101 |  | Berstein | Northeast |  | Back-to-back commodity with $225M prepay
Xcel |  | Q101 |  | Baughman | Midwest |  | Enron sells 100 MW capacity |  |  |  | 600
Exelon |  | Q101 |  | Hammond | Northeast |  | Load shape/load following to West Hub |  |  |  | 500
Northwestern |  | Q101 |  | Booth | Development |  | Exclusivity fee on the GE 7EAs of $1M with a 50% split with West Origination |  |  |  | 500
Doyle |  | Q101 |  | Tapscott | Development |  | Reversal of 2000 Doyle Loss |  |  |  | 384
Structuring Fees |  | Q101 |  | [NAME] | Development |  | Structuring Fees |  |  |  | -250
Q1 COMPLETED DEALS
Various |  | Q201 |  | Various | Various |  | 19 Deals < $1M each
CRRA |  | Q201 |  |  | Northeast |  | Reversal of Q1 origination that should have been granted to the Interest Rate Desk. |  |  |  | -701
Structuring Fees |  | Q201 |  | [NAME] | Development |  | Quaterly structuring fees associated with off balance sheet assets |  |  |  | -250
[NAME]
TOTAL COMPLETED DEALS
Dighton |  | Q201 |  | [NAME] | Development |  | Electric & Gas L-T tolling contract, restructuring contract |  |  |  | 10000