Spreadsheet: elizabeth_sager__9548__Letter Log 12-10
Sheet: Termination

 | Events of Default/Termination
 | As of December 10, 2001
Term | Counterparty | Attorney Assigned | Enron Entity | Amount (if applicable) | Early Termination Date | Nature of Default (if any) | Contract Type(s) | Comments | Margin (Posted by Enron/Posted to Enron)
Y | Ash Grove Cement Company |  | EPMI |  | 2001-12-07 00:00:00 | Default under Article 5 of the Power Purchase and Sale Agreement | Master Power Purchase and Sale Agreement (Deal No. 633457 and 66485.01) | Ash Grove Cement Company will calculate any payments due under the Agreement
Y | Bakersfield Californian (The) |  | ENA |  | 2001-12-03 00:00:00 | misrepresentation of financial condition; filing of bankruptcy | ISDA Master Agreement (03/02/98) | *There may be an issue on appropriate closeout calculation
 | Bakerwell Incorporated |  | EES |  | 2001-12-31 00:00:00 | financial situation of Enron | gas contract (04/01/2001) (J. Snyder Farms #1, Sta. No. 736124; Bakerwell-Loudiana, [NAME]. No. 717972; Morris Unit #1, Sta. No. 735044)
 | Barclays Bank PLC |  | ENA
Y | Brewer Natural Gas, LLC |  | ENA ? |  | 2002-01-01 00:00:00 | financial situation of Enron | ? | will contact Enron to make final arrangements
 | Brooklyn Union Gas Company d/b/a Keyspan Energy Delivery New York |  | ENA, EGMI | 192443 | ? | ? | Amended and Restated Gas Supply Asset Assignment and Agency Agreement (02/06/98), Amended and Restated (04/01/990 | Amount determined as the result of a setoff of the $5,904,971 amount KED-NY owes Enron for  as delivered during the month of November 2001 against the $7,829,414 amount Enron owes KED-NY
Y | Buckeye Oil Producing co. |  | ENA |  | 2001-12-31 00:00:00 |  | 25 meters listed
 | Callaway Golf Company |  | EES |  | 2001-11-29 00:00:00 | sect. 4.1(b), (d) and (c) | Master Energy Purchase and Sale Agreement (04/12/2001)
Y | Charity Gas, Inc. |  | ENA |  | *(12/31/2001) |  | Verification No. 41147SP
Y | Christiania Bank OG Kreidtkasse ASA |  | ENA |  | 2001-12-07 00:00:00 | Event of Default; failure to provide performance assurance, bankruptcy | ISDA Master Agreement (02/22/01)
Y | Citizens Communication Company |  | ENA |  | 2001-11-28 00:00:00 |  | Agency Agreement [NAME]. 20822, 20834, 26791, 26580 | terminating ENA as agent for Citizens in referenced agreements between Citizens and Transwestern
Y | Citizens Communication Company |  | ENA |  | 2001-11-28 00:00:00 |  | Agency Agreement EPNG 97ZH, 989N | terminating ENA as agent for Citizens in referenced agreement with El Paso Natural Gas
 | Cleco Marketing & Trading LLC |  | ENA |  | 2001-12-07 00:00:00 | bankruptcy | EOL transactions
Y | Cleco Marketing & Trading LLC |  | EPMI |  | 2001-12-07 00:00:00 | bankruptcy | Western Systems Power Pool Agreement | * We send long-form GTCs; they want to trade WSPP so they don't sign confirms; all East trades and most EOL pursuant to GTCs
Y | Cleco Power LLC |  | ENA |  | 2001-12-02 00:00:00 | bankruptcy | "Spot" General Terms & Conditions - Gas (version 1: August 10, 1999)
 | Cleco Power LLC |  | ENA |  | 2001-12-07 00:00:00 | bankruptcy | EOL transactions
Y | Cleco Power LLC |  | EPMI |  | 2001-12-06 00:00:00 | bankruptcy | General Terms and Conditions - Physically Settled Power (version 1; August 10, 1999)
 | Cleco Power LLC |  | EPMI |  | 2001-12-07 00:00:00 | bankruptcy | Western Systems Power Pool Agreement | * We do not trade WSPP with this counterparty
 | Colonnade Limited |  | Herzeleide, LLC |  | 2001-12-04 00:00:00 | bankruptcy, default under specified transactions | Call Option Agreement (10/30/01) | Colonnade has terminated all outstanding Transactions the Herzeleide and will not enter into any future Transactions with Herzeleide
Y | Conectiv Energy Supply, Inc. |  | ENA | $1,000,000 (Letter of Credit) | 2001-12-02 00:00:00 | bankruptcy | Enfolio Master Firm Purchase/Sale Agreement (09/01/200 | Per letter dated 11/28/01, [NAME] is requesting a Letter of Credit in an amount not less that $1,000,000, which is the sum of the Termination Payment that would be due to [NAME].
 | Coral Energy Canada Inc. |  | EES |  | 2001-12-02 00:00:00 | bankruptcy | Confirmation (05/09/01) | Coral will calculated the Termination Payment
Y | Coral Power, L.L.C. |  | EPMI |  | 2001-12-10 00:00:00 | Events of Default | Master Power Purchase & Sale Agreement (10/31/2001) | A statement for the amount of the Termination Payment pursuant to Article 5 of the Agreement will be issued to EPMI
if prior notice was a Yes | Credit Agricole Indosuez |  | ENA | $106,812 USD due 12/06/2001 | 2001-12-04 00:00:00 | ? | Commodity Swaps (Ref Nos. BK98040052, BK98050044, BK98040048 and BK98040050
Y | Creston Well Service, Inc. |  | ENA |  | 2001-12-31 00:00:00 |  | Contract dated 12/16/1992 between Natural Gas Development Corp. and Access Energy Corporation | copy of agreement attached
 | DB Investment Resources (US) Corporation |  | Enron Corp. |  | ? | Event of Default | Promissory Note in the Principal Amount to $5,396,318 | Pursuant to Section 5 of the Note, DB Investments Resources declares an acceleration of the Maturity Date of the Note issued by Maliseet Properties Inc.  The Note is immediately due and payable.
 | Detroit Edison Company, The |  | ENA |  | *(12/06/2001) | sect. 4(a)(iii) | [NAME] and Purchase Agreement
 | Devon Canada |  | Enron Canada Corp. | Total CAD $1,339,589 | 2001-12-03 00:00:00 | ? | Master [NAME] and Sale Agreement (08/18/1993) | Payment due 10 days from the receipt of [NAME]'s letter dated 12/05/2001
Y | Devon Canada Corporation |  | Enron Canada Corp. | Total CAD $8,810,287; Total USD $9,319,629 | 2001-12-03 00:00:00 | ? | Master [NAME] and Sale Agreement (02/16/2001) | Payment due 10 days from the receipt of [NAME]'s letter dated 12/05/2001
 | El Paso Electric Company |  | ENA |  | 2001-12-31 00:00:00 |  | Power Consulting Services Agreement
 | Engage Energy Canada, L.P. |  | Enron Canada Corp. | $19,000,000 (Letter of Credit) | 2001-12-03 00:00:00 | failure to deliver Letter of Credit | ISDA Master Agreement (01/31/1997) | Engage is requesting the return of the LC issued by The Toronto Dominion Bank in the amount of USD $19,000,000.  At this time, Engage is not exercising any right of Set-off.  Engage is exercising the right to withhold payment of the amount that would be due 12/05/2001.  Upon receiving the LC from ECC, Engage will govern itself accordingly in respect of the [NAME] payment; needs further review
Y | ENMAX Energy Corporation |  | ECC | CAD $2,694,090 | 2001-12-10 00:00:00 | failure to deliver LC, bankruptcy | ISDA ([NAME])
 | ExxonMobil Chemical Company |  | Enron Petrochemicals Company |  | 2001-12-10 00:00:00 |  | [NAME] (11/13/2001) | if requested advance cash payment not confirmed by 12/10, agreement terminates
Y | Flextrend Development Company, L.L.C. |  | Enron Upstream Company, LLC |  | 2001-12-01 00:00:00 | mutual agreement to terminate | Natural Gas Purchase Agreement, Deal No. 997651
 | Gas & Oil Pipe Supply, Inc. |  | EES |  | 2001-12-01 00:00:00 | financial situation of Enron | Gas Contract for meter stations [NAME] (sta. No. 708933) and [NAME] (st. no. 716781)
 | [NAME] |  | ENA |  | 2001-12-05 00:00:00 | failure to make payment | Purchase and Sale Agreement (10/01/2001) (Deal No. Y16552.1) | If [NAME] does  not receive payment from ENA by 12/4/2001,  the Agreement will termination 12/5/2001
Y | Grupo ISMA, S.A. de C.V. |  | ENA |  | 2001-12-07 00:00:00 | Event of Default; failure to provide performance assurance | ISDA Master Agreement (02/22/01)
 | Itochu Petroleum Co., (Hong Kong) Ltd. |  | Enron Liquid Fuels, Inc. |  | 2001-12-04 00:00:00 | failure to make payment; breach of contract; filing of bankruptcy | Butane Supply Agreement (02/09/2000); Butane Supply Agreement (08/18/2001) | ELF has failed to pay the sum of $5,373,650.43 for the butane shipped by Itouchu on 11/3/01
Y | Kenoil |  | ? |  | 2001-12-31 00:00:00 | termination in accordance with contract | [NAME] (?)                                                     717037 Cullen; 719480 Penning; [NAME]; [NAME]; 733836 [NAME]; [NAME]; 720637 Motto; 718654 Hill 4 | The referenced meters are in the TCO (Columbia) system and Enron Pool.  [NAME] is requesting that the meters be moved to the IGS pool at the January 1 chart change.
 | L & B Oil & Gas |  | Enron Energy |  | 01/01/2002 (?) | ? | Gas Purchase Contract ([NAME]. 801013, 800996, 835765, 835749 & 835712) | L & B Oil & Gas would like to terminate the contracts for the Meters as soon as the [NAME] expire
 | Lepta Shipping co., Ltd. |  | Enron Capital and Trade Resources International Corp. |  | 2001-12-10 00:00:00 | Event of Default | Charterparty (06/29/2001) Hull No. S-8015 at Imabari Shipbuilding Co. Ltd.
 | Lepta Shipping Co., Ltd. |  | Enron Capital and Trade Resources International Corp. |  | 2001-12-10 00:00:00 | Event of Default | Charterparty (09/11/2001) Hull No. 432 at Kanda Shipbuilding Co. Ltd.
 | Marubeni International Petroleum (Singapore) Pte Ltd |  | Enron Capital and Trade Resources International Corp. |  | 2001-12-11 00:00:00 | Event of Default | ECTI Contract No. VI0169.1 / MP Ref: 123397 and ECTINTLSING Contract No. Y08134.2 / MP Ref: 169128 | MIPCO will settle all trades based on the price as my be procured from two (2) brokers on 12/11/2001
 | Mayr-Melnhof Karton GmbH & Co KG |  | Enron Capital and Trade Resources International Corp. |  | 2001-12-10 00:00:00 | Event of Default | ISDA Master Agreement (10/27/2000); Confirmation (10/24/2000)(Contract No. Q55830.1) | Mayr-Melnhof will calculate the amount payable (if any) in respect of the Early Termination Date by application of the Second Method and Loss
Y | McIntosh Oil & Gas, Inc. |  | ENA |  | 2002-01-01 00:00:00 | ? | ? | McIntosh Oil & Gas will discontinue natural gas sales to Enron
 | Morrow Power, LLC |  | EPMI |  | 2001-11-28 00:00:00 | ? | Marketing and Scheduling Services Agreement (07/06/2001) | Morrow Power is requesting the immediate return of the LC to Columbia River Bank; This is not a forward contract; need to resolve termination and return of collateral issues at some point
Y | National Australia Bank Limited |  | ENA |  | 2001-12-05 00:00:00 | bankruptcy | ISDA (01/21/2000)
 | New Power Company, Inc. |  | EPMI |  | 2001-12-06 00:00:00 | bankruptcy | Qualified Scheduling Entity Services Agreement (05/16/2001) | if 12/03 notice regarding Master Netting Agreement and underlying Master [NAME] did not terminate the QSA, 12/06 is designating Early Term Date; this is not a forward contract so further review required
 | Newark Group (The) |  | ENA |  | 2001-12-03 00:00:00 | failure to provided adequate performance assurance; Event of Default; filing of bankruptcy | Old Corrugated Containers #11 Purchase and [NAME] (Deal Number V57782.1) (05/01/2001); [NAME] and Sale Agreement (Deal No. Y52665.1 (09/24/01; and [NAME] and Sale Agreement (Deal No. Y52634.1) (09/24/01)
 | Norske Skog Canada Limited |  | ENA |  | ? | Paragraph 4 of the "supply contract" | Supply Contract (?) | Per fax dated 11/30/01,  [NAME] is giving notice of termination for the remaining December 2001 contract commitments unless the sales are covered by an irrevocable standby letter of credit
 | Nove Investments, LLC |  | EPMI |  | 2001-11-29 00:00:00 | ? | Confirmation Letter ([NAME] | Nove Investments demands the immediate payment of all amounts due from ENA pursuant to the Confirmation including a $25,000 deposit
 | NYSEG |  | EES |  | 2001-12-06 00:00:00 | failure to deliver sufficient gas to NYSEG for customers since 12/01/01 |  | NYSEG will no longer accept deliveries of gas from Enron effective 12/06/01
 | Omaha Public Power District (The) |  | EPMI |  | ? | failure of EPMI to pay OPPD a specified "Assignment Payment" within ten (10) business day following 11/20/2001 | Assignment and Assumption Agreement  (the "Assignment Agreement") between OPPD and EPMI (11/20/2001) in connection with (i) the Power Exchange, [NAME] and Sale Agreement (12/23/96) and (ii) the Energy Exchange, [NAME] and Sale Agreement (04/30/97) (the "Agreements").  Both Agreements were originally between EPMI and the City of Lincoln d/b/a Lincoln Electric System | Pursuant to the Assignment and Assumption Agreement dated 11/20/2001, EPMI assigned all of its rights and obligations under the Agreements to OPPD.  Due to EPMI's failure to pay OPPD the "Assignment Payment", OPPD claims the Assignment Agreement is null and void and OPPD is released from all requirements under the Assignment Agreement and the underlying Agreements between EPMI and Lincoln (letter dated 12/06/2001)
Research | PG&E National Energy Group (various entities) |  | Various Enron Entities |  | 11/30/2001 12/02/2001 | ? | Master Agreement (?); Master Netting, [NAME] and Security Agreement (20/02/01) | PG&E terminated certain transactions relating to ICAP on 11/30/01.  All remaining transactions and the Master Agreement were terminated 12/02/01.  PG&E will calculated the Settlement Amount pursuant to the terms of each Master Agreement and the Final Settlement Amount pursuant to the Master Netting Agreement
 | Private Stock Corporation |  | Enron Energy Services |  | 2001-01-01 00:00:00 | ? | ? | By letter dated 11/26/01, PSC is notifying EES that effective 01/01/2002 it will no longer market its gas with EES
Y | Public Service Electric & Gas Company |  | ENA |  | 2001-11-30 00:00:00 | insolvency | Firm Gas Transaction dated April 26, 2001 (Delivery Period 05/01/2001 thru April 30, 2002)
Y | R&K Oil and Gas |  | ENA |  | 2002-01-01 00:00:00 | termination | Month-to Month Contracts                            Contract:  96007680, Point:  1041603 - [NAME]; Contract:  96007680, Point:  1041602 - Williams Oil & Gas
 | Ralston Purina Company |  | EES |  | 2001-12-03 00:00:00 | failure to place order nominations for natural gas for the month of December, 2001 | ENovative Energy Service Agreement (06/18/2001)
Y | Richardson Energy Marketing, Ltd. |  | ENA | 16085 | 2001-12-06 00:00:00 | Event of Default | ISDA Master Agreement | terminating all transactions with ENA
Y | S & R Gas Ventures Ltd. |  | ENA |  | 2002-01-01 00:00:00 | bankruptcy | Gas Sales Contract (Station Number 800035 / 800096 / 800136) | S&R will discontinue natural gas production and sale to Enron
Y | Southwestern Electric Power Company |  | ENA |  | 2201-12-03 00:00:00 | filing of bankruptcy | GISB (07/01/98) | SEPCO will calculated the final Settlement Amount
 | Statoil Marketing & Trading (US) Inc. |  | ECTRIC |  | 2001-12-10 00:00:00 | failure to pay amounts due, credit downgrade, bankruptcy | three swaps (confirmations?) | Statoil will calculate amounts due
 | Swift Energy Company |  | ENA |  | 12/06/2001` | ? | Transaction No. Y59592.4 / 1066580 agreed to on 09/26/01 and Deal No. 1188437 (TAGG# YM 2661) agreed to on 11/29/01 and confirmed 11/30/01 | Swift has wired $4,500 to Enron as payment to terminate the referenced transactions for the period of January thru March 2002
 | Texas General Land Office |  | Enron Reserve Acquisition Corp. |  | 2001-11-30 00:00:00 | bankruptcy | Crude Oil Purchase Contract Nos. VL7580.1, V64966.1 and V64967.1
 | Texla Energy management, Inc. |  | EES |  | 2001-11-30 00:00:00 | failure to provide performance assurance | Transaction No. TexlaEnergy-0008 | EES failed to prepay [NAME] for November 2001 gas delivery of $228,750 or prepaying $607,500 or providing a letter of credit from a financial institution for the balance to the term (Dec. 2001 through Feb. 2001) of the transaction by 11/29/01
Y | Thermo Cogeneration Partnership LP |  | ENA | $274,396     (SEE COMMENTS) | 2001-11-29 00:00:00 | ? | Confirmation (Contract No. Y39941.1) | TCP shall pay to ENA $274,396.00; negotiated termination
 | Tiger Natural Gas, Inc. |  | ENA |  | 2001-12-06 00:00:00 | Triggering Event | Enfolio Firm General Terms & Conditions (Deal Nos. 1100788 and 1095462
 | TXU Energy Trading Company |  | EES |  | 2001-12-05 00:00:00 | Force Majeure events | Enfolio Master Firm Purchase/Sale Agreement (08/01/98) | Pursuant to Article 5 of the Agreement TXUET has not delivered gas to EES due to Force Majeure
 | Weiss Drilling, Inc. |  | EES |  | 2002-01-01 00:00:00 | ? | Contract Agreement dated 10/01/1998 | The Notice of Termination effectively starts 12/01/2001
 | Western Resources, Inc. | EPMI |  |  | 2001-12-14 00:00:00 | Event of Default | Master Energy Purchase and Sale Agreement  (06/23/98) | Per letter dated 12/07/2001, WSI has extended the termination date to 12/14/2001
 | Williams Energy Marketing & Trading Company |  | Enron Gas Liquids, Inc. |  | 2001-12-02 00:00:00 | bankruptcy | Natural Gas Liquids Master [NAME], Sale & Exchange Agreement | [NAME] will calculate the amount owing by Enron relating to the NGL Transactions
 | XTO Energy |  | ENA |  | 2001-12-02 00:00:00 | bankruptcy; failure to provide performance assurance | Enfolio Master Firm Purchase/Sale Agreement (07/01/95
Y | XTO Energy |  | ENA |  | 2001-12-10 00:00:00 | bankruptcy; failure to provide performance assurance | Master Swap Agreement (01/01/95)