Spreadsheet: sally_beck__33856__consolidated for 12 05
Sheet: A 01

Quantitative Standards
Daily Exception Reports
Reports Supporting Quantitative Standards A
 |  | Report A 01:
 |  | Purpose: | To capture transactions either not input or input but not valued in the Risk Management System.
 |  | Deal #/name | Date deal was done | Description of the deal | Quantity | Reason why deal was not input/ not valued | Key contact (book admin)
ENRON NORTH AMERICA
 | Gas & power - CA | NONE | NA | NA | NA | NA | NA
 | Gas - US | Not received
 | Power - east | Not received
 | Power - west | 389124 | 2000-08-08 00:00:00 | Asian Put Option  -Q301 | 75MW | Enpower does not have the capacity to value Asian Options, currently in development | [NAME]
 |  | 434397 | 2000-10-12 00:00:00 | Asian Put Option  -Nov.00 | 50MW | Enpower does not have the capacity to value Asian Options, currently in development | [NAME]
 |  | 444339 | 2000-10-26 00:00:00 | Asian Put Option  -Dec.00 | 75MW | Enpower does not have the capacity to value Asian Options, currently in development | [NAME]
 |  |  |  | Services Deals (see tab)
 | Merchant assets | [NAME], LLC | 1999-07-15 00:00:00 | Seismic Survey Project | $2.56 M | Deal done by Enron Asia Pacific - Need cost basis as ENA is selling | [NAME]
 |  | [NAME] | 2000-03-07 00:00:00 | Reverse Merger w/ Aeke Corp. | $1.00 M | Deal done by Enron India - Unsure if Merchant | [NAME]
 |  | Edison Mission Energy | 2000-09-12 00:00:00 | Buyout one of three equity partners | $.663 M | Deal done by Merchant group - Unsure if already included | [NAME]
 | South America | NONE - but see separate sheet | NA | NA | NA | NA | NA
ENRON GLOBAL MARKETS (coal, liquids and emmissions only) |  | NONE | NA | NA | NA | NA | NA
ENRON INDUSTRIAL MARKETS |  | All physical lumber deals | 8/00 - 12/00 |  |  | Physical lumber risk books are being developed and are planned to be operational in 2/01 | Moscoso
 |  | Appleton pulp deal | 2000-11-21 00:00:00 | Physical paper sale - 2 years | 1,250 metric tons | Legal Review and trader to extend curve | Beardmore
 |  |  |  | (1/03 - 9/05)
 |  | Marcal QE2713.1 | 2000-11-30 00:00:00 | Bought Put Swaption SOP | 500/mo for 3 yrs | Swaption expires 12/14 | Beardmore
 |  |  |  |  |  | Will not execute deal if cannot find hedge
 |  | Marcal QE2714.1 | 2000-11-30 00:00:00 | Bought Put Swaption-Coated | 500/mo for 3 yrs | Swaption expires 12/14 | Beardmore
 |  |  |  |  |  | Will not execute deal if cannot find hedge
 |  | Norampac QE2715.1 | 2000-12-01 00:00:00 | Bought Call Swaption-LinerBd | 1500/mo | Swaption expires 12/8 | Beardmore
 |  |  |  |  | 12/00-5/02 | Will not execute deal if cannot find hedge
ENRON BROADBAND |  | Not received
EES |  |  | Q3 | General Growth Products | 1 | Currrent RPS does not handle volume of | [NAME]
 |  |  |  | Power Deal |  | batches
 |  |  | 2000-11-15 00:00:00 | Macerich JV-Ontario Teachers |  | Power batches not consistant w/ RPS | [NAME]
 |  |  | Q2 | Owens Canada |  | Risk Systems do not accommodate foreign currency | [NAME]
ENRON EUROPE
 | Australia | Not received
 | Japan | Not received
 | Enron Metals London | 89 London -  Financial Trading Deals |  | Input errors, mainly due to incorrect dates, LME type and incorrect price | [NAME] | Metals
 |  |  |  | Entered on next day. Temporary Risk Manager currently in Hamburg,
 |  |  |  | developing reporting procedures
 | Enron Metals NY | NONE | NA | NA | NA | NA | NA
 | Enron Metals - Merchanting | 8457 | 2000-12-04 00:00:00 | Purchase 175mt Details of contract unknown | 175mt | unknown
 | Continental Gas |  | 2000-11-17 00:00:00 | Physical Forward | 190.5 m kWh | Have the right to enter into an agreement for the sale of Gas into Germany. | [NAME]
 |  |  |  |  |  | This is a structured deal based on oil ([NAME]) and wll only be exercised
 |  |  |  |  |  | if transport can be obtained before 31st Dec 2000 (so effectively a long put option).
 |  |  |  |  |  | The time value on this option will not be valued but a deal will be put into Gas
 |  |  |  |  |  | Desk (no MTM) to reflect this.
 | Credit Trading | NONE | NA | NA | NA | NA | NA
 | Continental Power | NONE | NA | NA | NA | NA | NA
 | Structured Commodities | NA? | NA | NA | NA | NA | NA
 | UK Power | NONE | NA | NA | NA | NA | NA
 | Nordic Power | NONE | NA | NA | NA | NA | NA
 | UK Gas | NONE | NA | NA | NA | NA | NA