Spreadsheet: elizabeth_sager__9473__California Exposure 033001a
Sheet: PG&E Corp. 

RAC - Risk Assessment & Control
California Exposure as of COB | 2001-03-30 00:00:00
 |  |  |  |  | March |  |  | April |  |  | March & April |  | April
 |  |  | 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
Pacific Gas & Electric Company | Enron Canada | ENA | 0 | -1484274 | 23127420 | -489692 |  | 13721952 | 0 |  |  | 70169385 | 7520451 | 0 |  |  | 0
Pacific Gas & Electric Company | ENA Corp. | ENA | 44774599 | -55537770 | 12727229 | -1916245 |  | 0 | 0 |  |  | -21241850 | 0 | 0
Pacific Gas & Electric Company | EPMI | ENA | 0 | -134176796 | 577800 | 0 |  |  | 0 |  |  | -102163008 | 2342000 | 0 |  | 0
Pacific Gas & Electric Company | EES | EES | 0 | 0 |  | 0 |  | 0 | 0 |  |  |  | 0 | 0 |  |  | 0 | [NAME] due to EES.  Physical MTM of $277.6[NAME] was released due to putting customers back to utility.
Pacific Gas & Electric Company | EEMC | EES | 0 | 0 |  | 0 |  | 0 | 0 |  |  |  | 0 | 0 |  |  | 0 | [NAME] due to EEMC.  Physical MTM of $328.5mm was released due to putting customers back to utility.
Pacific Gas & Electric Company | EES | EES | 0 | 0 | 0 |  |  | 0 | 0 |  |  |  | 0 | 0 |  | 0
Pacific Gas & Electric Company | Enron Wind | EWC | 0 | 0 |  | 0 |  | 0 | 0 |  |  |  | 0 | 0 |  |  | 0
Total Pacific Gas & Electric Company |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (a)
PG&E Energy Services, Energy Trading Corporation | Enron Canada | ENA | 0 | 0 | 0 | 0 |  | 0 | 0 |  |  | 50460 | 0 | 0 |  |  | 0
PG&E Energy Services, Energy Trading Corporation | ENA Corp. | ENA | 0 | 0 | 0 | 0 |  | 0 | 0 |  |  | 290238 | 0 | 0 |  | 0
PG&E Energy Services, Energy Trading Corporation | EPMI | ENA | 0 | 0 | 0 | 0 |  | 0 | 0 |  |  |  | 0 | 0 |  | 0 |  | Power Swap - One day only
PG&E Energy Services, Energy Trading Corporation | EES/EEMC | EES | 0 | 0 | 160804 | 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 | 0 |  |  | 0
PG&E Energy Trading - Power, L.P. | Enron Coal -London | EEL | 0 | 324630 | 0 | 0 |  | 0 | 0 |  |  |  | 0 | 0 |  |  | 0 | Phys. MTM per London
PG&E Energy Trading - Power, L.P. | ENA Corp. | ENA | -3936493 | 0 | 0 | 0 |  | 0 | 0 |  |  | 0 | 0 | 0
PG&E Energy Trading - Power, L.P. | ENA Corp. | ENA | 0 | -1438419 | 431300 | 0 |  | 4360651 | -3556513 |  |  | 758150 | 531901 |  |  | 0
PG&E Energy Trading - Power, L.P. | EEMC | ENA | 0 | 32025407.16951761 | 1015705 | 0 |  | 0 | 0 |  |  | 0 | 0 | 0 |  |  | 0
PG&E Energy Trading - Power, L.P. | EPMI | ENA | 0 | 54642603 | 64279928 | -41605059 |  |  |  |  |  | 221533072 | 55537009 | -59699521 |  |  | 0 | Physical MTM has been reduce by $348.4mm due to assigment to other CPs. Total cost of assigments is $56.4mm.
Total PG&E Energy Trading - Power, L.P. |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No Set Off
PG&E Quantum Ventures | EEMC | EES | 0 | 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 | 9 | 0 |  |  |  | 0 |  | 997337 | 0 | 0 |  |  | 0
Total Quantum Ventures and CEG Energy Options |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No Set Off
PG&E Energy Trading, Canada Corporation | Enron Canada | ENA | 3862226 | 0 | 0 | 0 |  | 0 | 0 |  |  | 13062536 | 0 | 0 |  |  | 0 |  |  | Set Off W/I Enron Canada
PG&E Energy Trading, Canada Corporation | Enron Canada | ENA | 0 | -32554283 | 25337655 | -22595605 |  | 40303214 | -22314847 |  |  | 19833122 | 23522410 | -14836237 |  | 0 |  |  |  | Set Off W/I Enron Canada
PG&E Energy Trading, Canada Corporation | ENA Corp. | ENA | 0 | 0 | 0 | 0 |  | 0 | 0 |  |  |  |  |  |  |  | 0
PG&E Energy Trading, Canada Corporation | ENA Corp. | ENA | 0 | -172975 | 2544718 | -3326300 |  | 1711200 | 0 |  |  | -3205556 | 0 | 0 |  |  | 0
Total PG&E Energy Trading, Canada Corporation
PG&E Energy Trading-Gas Corporation | Enron Canada | ENA | 9122 | 0 | 0 | 0 |  |  |  |  |  | -2501719 | 0 | 0 |  | 0
PG&E Energy Trading-Gas Corporation | Enron Canada | ENA | 0 | 127752 | 0 | -811115 |  |  | -1653965 |  |  | -2501719 | 0 | 0 |  | 0
PG&E Energy Trading-Gas Corporation | ENA Corp. | ENA | 214573641 | 0 | 0 | 0 |  |  |  |  |  | -22486468 | 0 | 0 |  |  | 0
PG&E Energy Trading-Gas Corporation | ENA Corp. | ENA | 0 | -8151903 | 29769800 | -49153571 |  | 6466350 | -17177462 |  |  | -14187360 | 0 | 0 |  | 0
PG&E Energy Trading-Gas Corporation | HPL Co. | ENA | 0 | 0 | 1045275 | -936500 |  |  | -21566 |  |  | 1507632 | 0 | 0 |  |  | 0
PG&E Energy Trading-Gas Corporation* | EEMC/EES | EES | 3807950 | -3020424 |  |  |  |  |  |  |  |  | 0 | 0 |  | 0 |  | EES gas exposure with PG&E.  Does not include $638,654 in dusputed charges from September 2000
Total  PG&E Energy Trading-Gas Corporation* |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No Set Off
Subtotal PG&E Trading Subsidiaries
Total Exposure to PG&E Trading Subsidiaries |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (b) | DOUBLE CHECK NETTING CALC.
Total Master Set-Off Benefit |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Threshold Plus Collateral | Potential Margin
Total Exposure after Set-Off
Less Collateral Held
Total PG&E NEG Net Position
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Net Amts Paid @ 03/15/01
PG&E Gas Transmission, Northwest Corporation | ENA Corp. | ENA | 0 | 165908694 | 0 | 0 |  | 0 | 0 |  |  | -18574001 | 0 | 0 |  |  | 0 |  | ('c)
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No Set Off
Nine Energy Services LLC | ENA Corp. | ENA | 0 | 0 | 0 | 0 |  | 0 | 0 |  |  |  | 0 | 0 |  |  | 0 |  | (a)
 |  | ENA
Total PGE Relationship Exposure |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (a)+(b)+('c)
Total Master Set-Off Benefit
Total Relationship Exposure after Set-Off
Less Collateral Held
Total Relationship Net Position
 |  |  |  |  |  |  |  |  |  |  | Check Figures
 | Check Figures
 | Credit Agg Tie
 |  |  | FMTM | PMTM |  |  |  |  |  |  | Net Receivables |  |  |  |  | Total Exposure
 | ENA
 | EPMI / EEMC+EES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 66000000
 | ECC
 | HPL
 | EEL