Spreadsheet: louise_kitchen__22593__DCFby QTR thru 102001
Sheet: Sheet1

 | ENRON AMERICAS DIRECT CASH FLOW
 | YTD 2001
 | (In Millions)
 |  |  |  |  |  |  |  |  | Total |  |  |  |  | Total |  |  |  |  | Total |  |  |  | Total
 |  |  |  |  |  | January | February | March | Q101 |  | April | May | June | Q201 |  | July | August | September | Q301 |  | October |  | Year to Date
 | BROKER DEPOSITS
 |  | NYMEX  - Gas and Other Commodities
 |  |  | Initial Margin - Gas and Other Commodities
 |  |  |  | Decrease
 |  |  |  | Increase
 |  |  | Initial Margin
 |  |  | Variation Margin - Gas and Other Commodities
 |  |  |  | Favorable Market Movement
 |  |  |  | Unfavorable Market Movement
 |  |  | Variation Margin
 |  |  | Net NYMEX - Gas and Other Commodities
 |  |  |  | Received
 |  |  |  | Disbursed
 |  |  | Net NYMEX - Gas and Other Commodities
 |  | NYMEX - Power
 |  |  | Initial Margin - Power
 |  |  |  | Decrease
 |  |  |  | Increase
 |  |  | Initial Margin
 |  |  | Variation Margin - Power
 |  |  |  | Favorable Market Movement
 |  |  |  | Unfavorable Market Movement
 |  |  | Variation Margin
 |  |  | Net NYMEX - Power
 |  |  |  | Received
 |  |  |  | Disbursed
 |  |  | Net NYMEX - Power
 |  | Net NYMEX - Total
 |  |  | Received |  |  | 1264.9 | 579.6 | 271.4 |  |  | 287.9 | 455.4 | 245.1 |  |  | 391.9 | 322.1 | 243.4 |  |  | 421.7
 |  |  | Disbursed |  |  | -695.8 | -393.5 | -337.5 |  |  | -216 | -370.6 | -295.4 |  |  | -425.8 | -470.3 | -421.6 |  |  | -212.6
 |  |  | Net NYMEX - Total
 |  | OTC - Gas and Other Commodities
 |  |  | Received
 |  |  | Disbursed
 |  |  | Net OTC - Gas and Other Commodities
 |  | OTC - Power
 |  |  | Received
 |  |  | Disbursed
 |  |  | Net OTC - Power
 |  | OTC - Total
 |  |  | Received |  |  | 3061.3 | 1793.9 | 1947.4 |  |  | 1755.6 | 1867.1 | 2086.6 |  |  | 1552.7 | 2118.6 | 1844.8 |  |  | 1154
 |  |  | Disbursed |  |  | -3149.1 | -2268.4 | -2265.4 |  |  | -2163.1 |  | -3020.4 |  |  | -1979.4 |  | -1301.9 |  |  | -1426.9
 |  |  | Purchase of T-Bills for OTC Collateral |  |  | 0 | 0 | 0 |  |  | 0 |  | -19.9 |  |  | 0 | -76.6 | -41.2 |  |  | 0
 |  |  | Net OTC - Total
 |  | TOTAL BROKER DEPOSITS, NET
 |  |  | Received
 |  |  | Disbursed
 |  |  | TOTAL BROKER DEPOSITS, NET
 | PREPAYMENTS
 |  |  | Enron Credit Link Note II |  |  |  |  |  |  |  | 0 | 781.5 | 249.5 |  |  | 0 | 0 | 0 |  |  | 0
 |  |  | Chase prepayment |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 349 |  |  | 0
 |  |  | CRRA - power prepay |  |  |  |  | 220.2 |  |  |  |  |  |  |  |  |  |  |  |  | 0
 |  |  | Fees Related to Enron Credit Link Note II |  |  |  |  |  |  |  | 0 | -3.5 | 0 |  |  | 0 | 0 | 0 |  |  | 0
 |  |  | TOTAL PREPAYMENTS
 | SETTLEMENTS
 |  | Gas
 |  |  |  | Financial
 |  |  |  |  | Received | 2959.6 | 1313.5 | 892.4 |  |  | 5760.8 |  | 981.8 |  |  | 1050.5 | 1081.4 | 1252.7 |  |  | 1083.5
 |  |  |  |  | Disbursed | -2471.2 | -1535.2 | -1196.7 |  |  | -6009.4 |  | -1155.4 |  |  | -721.9 | -1011.7 | -1247.9 |  |  | -1611.8
 |  |  |  |  | Net
 |  |  |  | Physical
 |  |  |  |  | Received | 3078.3 | 2847.5 |  |  |  | 10791.1 |  |  |  |  | 1364.7 | 1023.4 | 888 |  |  | 82.1
 |  |  |  |  | Disbursed | -2893.5 | -2428 | -2279.2 |  |  | -9849.5 |  | -1595.7 |  |  | -1302.3 | -1052.4 | -861.3 |  |  | -137.5
 |  |  |  |  | Net
 |  |  |  | Net Gas
 |  | Power
 |  |  |  | Received |  | 690.3 | 670.3 |  |  |  | 2882.7 |  | 716.3 |  |  | 782.6 | 1090.7 | 1070.1 |  |  | 693.4
 |  |  |  | Disbursed |  | -530.7 | -520.5 | -620.3 |  |  | -2409.5 |  | -669.4 |  |  | -826.9 | -876.8 | -754 |  |  | -646.9
 |  |  |  | Net
 | SETTLEMENTS
 |  |  |  | Received |  | 6728.2 | 4831.3 |  |  |  | 3536.7 | 3173.3 | 3319.8 |  |  | 3197.8 | 3195.5
 |  |  |  | Disbursed |  | -5895.4 | -4483.7 | -4096.2 |  |  | -3793.1 | -3215.6 | -3420.6 |  |  | -2851.1 | -2940.8
 |  | TOTAL SETTLEMENTS
 | MERCHANT INVESTMENTS AND ASSETS
 |  |  | Merchant:
 |  |  |  | Active Power warrants |  |  |  |  |  |  |  |  |  |  |  | -1.7
 |  |  |  | AIG [NAME] |  |  | -0.5
 |  |  |  | Alpine |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0.3
 |  |  |  | Ameritex Ventures |  |  |  |  |  |  | 0.4 |  |  |  |  |  |  | -0.3
 |  |  |  | Andrex Sr. Debt Funding |  |  |  |  |  |  |  |  |  |  |  |  |  | -2.2
 |  |  |  | [NAME] |  |  |  |  |  |  |  |  |  |  |  |  |  | -0.2
 |  |  |  | [NAME] |  |  |  | 4 |  |  | -5
 |  |  |  | CGAS (Hawaii) |  |  |  | 58
 |  |  |  | Canfibre of [NAME] |  | -16.4 |  |  |  |  |  |  | -3
 |  |  |  | CanGen (Advanced Mobile Power Systems) |  | -7.2 |  |  |  |  | 0.2 |  |  |  |  | -3
 |  |  |  | Catalytica |  |  |  | -60.1
 |  |  |  | Chewco
 |  |  |  | CIBC World Markets
 |  |  |  | Condor Distribution |  |  |  |  |  |  |  | -25.3
 |  |  |  | Crescendo |  |  |  |  |  |  |  |  |  |  |  | -0.7 | -0.5 | -0.3 |  |  | -0.3
 |  |  |  | Cypress |  | -0.1 |  | 1.1 |  |  |  |  |  |  |  | -2.1 | -0.8 | -1.1 |  |  | -0.2
 |  |  |  | East Coast Power |  |  | 3.6
 |  |  |  | Ecogas Loan Raptor |  | -4.9
 |  |  |  | Ecogas Tax Credit
 |  |  |  | ECM |  |  | -2.6
 |  |  |  | ECT Proceeds & Demand Note |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | -10.2
 |  |  |  | Encorp |  |  |  |  |  |  |  |  | 5
 |  |  |  | [NAME] |  | 0.1 |  |  |  |  | 0.1 |  |  |  |  |  |  |  |  |  | -1.5
 |  |  |  | ENA CLO [NAME] |  | 0.4 |  |  |  |  |  | -167.3
 |  |  |  | Fuel Cell Margin Call |  |  |  |  |  |  |  | -1.3
 |  |  |  | Hanover - proceeds from Hawaii
 |  |  |  | Hanover - proceeds from Condor
 |  |  |  | Hanover - repurchase from Velocity AES |  |  |  |  |  |  |  |  |  |  |  |  | -87.5
 |  |  |  | Heartland Industrial Partners |  |  | -4.9
 |  |  |  | Hanson |  |  |  |  |  |  |  |  |  |  |  |  |  | 0.3
 |  |  |  | Hughes Rawls Loan Raptor |  | 1
 |  |  |  | [NAME] |  | -6.6 |  |  |  |  | -0.4
 |  |  |  | Juniper |  |  |  |  |  |  |  |  |  |  |  | -0.8 |  | -1.3
 |  |  |  | Klein Resources |  |  |  | -0.2 |  |  |  |  |  |  |  |  |  | 0.1
 |  |  |  | [NAME] ([NAME]) |  |  |  |  |  |  |  | -2.6 |  |  |  | -2.9 | -39
 |  |  |  | Merlin distribution |  |  |  |  |  |  |  |  |  |  |  | 67.8 | 24
 |  |  |  | Merlin distribution - interest payment |  |  |  |  |  |  |  |  |  |  |  | -0.2 |  | -0.6 |  |  | -5.9
 |  |  |  | Nokia |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | -0.2
 |  |  |  | NuTech |  |  |  | -4.3
 |  |  |  | Oconto Falls Raptor |  | -4.1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | -0.1
 |  |  |  | Ponderosa |  |  |  |  |  |  | -15.9 |  |  |  |  | -13 | -86
 |  |  |  | Preston Equity |  | -0.9
 |  |  |  | Preston VPP |  | -44.8
 |  |  |  | [NAME] |  |  |  |  |  |  | 0.1
 |  |  |  | Serveron - Principal Investments |  |  |  |  |  |  |  |  | -3.7
 |  |  |  | Silicon Power Corporation |  |  | -2.5 |  |  |  |  |  | 2.5
 |  |  |  | Solo Energy
 |  |  |  | Southwest Power (LVC) sale to Black Hills |  |  |  |  |  |  |  |  |  |  |  |  | 142
 |  |  |  | Star VPP/KCS VPP - Energy Capital Resource |  |  | -102.6 |  |  |  |  |  | 161.1 |  |  | -2 |  | 0.7
 |  |  |  | Sundance  Assets LP |  | -30.1
 |  |  |  | Tarpon Initial Funding |  |  |  |  |  |  |  |  |  |  |  | -0.2
 |  |  |  | Tenaska |  |  |  | 0.8 |  |  | -0.2 |  |  |  |  |  |  | 0.7 |  |  | -0.4
 |  |  |  | Trammochem |  |  |  |  |  |  | -0.2
 |  |  |  | Tridium
 |  |  |  | Trutta |  | 0.9 | 1.4 | -1.7 |  |  | -7.4 |  |  |  |  | -0.1 | -0.3
 |  |  |  | Vitro project reimbursement |  |  |  |  |  |  |  | 7.4
 |  |  |  | Westwin Energy |  | -0.4 | -0.4 |  |  |  | -5.3 |  |  |  |  | -0.2 |  |  |  |  | -0.2
 |  |  |  | Other |  |  | -0.4 | -0.3 |  |  | 0.1 |  | -3.2 |  |  |  |  | -1.9 |  |  | 0.1
 |  |  | Total Merchant Investments
 |  |  | Other Operating Activities - G&A |  |  | -9.8 | 1.6 | 1.7 |  |  | 11.6 | -6.7 | -7.6 |  |  | -4.8 | -2.9 | -1.6 |  |  | -1.9
 |  |  | Payroll Taxes remitted to Pro Business |  |  | 0 | -39.2 | 0 |  |  | -4.7 | 0 | -1.5 |  |  | -3.2 | -3.3 | -3.2 |  |  | -1.3
 |  |  | A/R Factoring |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 226 |  |  | -60
 |  |  | Total other Operating Activities
 |  | NET CASH PROVIDED BY OPERATING ACTIVITIES
 |  | CASH FLOWS FROM INVESTING ACTIVITIES
 |  |  | Cash Flows from the Sale of Assets and Investments
 |  |  | HPL Sale:
 |  |  |  | Sale of HPL Stock |  |  |  |  |  |  |  |  | 352.5 |  |  | 0 | 0 | 0 |  |  | 0
 |  |  |  | Looper Interest Fee
 |  |  |  | MidTexas Fee
 |  |  |  | BGT Fee
 |  |  |  | Rock Interest/Fee/Principal
 |  |  |  | Bammel Working Gas |  |  |  |  |  |  |  |  | 100.1 |  |  | 0 | 0 | 0 |  |  | 0
 |  |  |  | Bam Lease Co Prepayment |  |  |  |  |  |  |  |  | 274 |  |  | 0 | 0 | 0 |  |  | 0
 |  |  |  | HPL Asset Holding LP -lease payment to Condor |  | -42.5 | 0 | 0 |  |  |  |  |  |  |  | -42.9 |  |  |  |  | 0
 |  |  |  | Other |  |  |  |  |  |  |  | -43.4 |  |  |  | 0 | 0 | 0 |  |  | 0
 |  |  | Total Cash Flows from the Sale of Assets and Investments
 |  |  | Capital Expenditures - Property Additions
 |  |  | Power Plants:
 |  |  |  | Alamac |  | -4 | -0.1 | -0.1 |  |  | -0.1 |  |  |  |  | 25.8
 |  |  |  | Antelope |  |  | -10
 |  |  |  | Blue Dog Turbine |  |  |  |  |  |  | 3.2 | -1.7 | -2.7 |  |  | 5 | -0.8 | 3.8
 |  |  |  | City of Austin Project - Nepco |  | -2.3 | 1.1 | -0.3 |  |  | 0.1 |  | -1.2 |  |  | -1.4
 |  |  |  | Doyle/Walton |  |  |  | 1.3 |  |  |  |  |  |  |  |  | 0.2 |  |  |  | 4.9
 |  |  |  | [NAME] Bonus ([NAME]) |  |  |  |  |  |  |  | 1.5
 |  |  |  | Emmission Reduction Credits
 |  |  |  | E-Next - 4 Delta Turbines |  |  |  | 1 |  |  |  | 10.8 |  |  |  |  |  |  |  |  | 2.1
 |  |  |  | E-Next Funding (LV II, Longview, Blue Dog) |  | -21.9 | 19.9 | 6.6 |  |  | -9.8 | -1 | 3.4 |  |  | 0.5 | 2.8 | 0.5
 |  |  |  | Florida |  |  |  | -0.6 |  |  | -0.2
 |  |  |  | Georgia Pacific CA [NAME] |  |  |  |  |  |  |  | -5.4
 |  |  |  | Haywood  AES |  |  |  |  |  |  |  | 1 |  |  |  | 3.6
 |  |  |  | Intergin turbine sale |  | 32.8
 |  |  |  | [NAME] ([NAME]) |  |  | -0.8 | -1.2 |  |  | -0.9 | 2.6 |  |  |  |  | -3.4
 |  |  |  | Pastoria project |  | -2.7 | -2.2 | -4.2 |  |  | 85.5
 |  |  |  | Fees Related to Peaker Sales |  | -0.3 | -1 | 495.3 |  |  |  | 1036.8 |  |  |  |  |  | 135 |  |  | -1.3
 |  |  |  | Power Plants - Other |  | -0.6 |  |  |  |  | -0.1 |  |  |  |  | -0.7
 |  |  |  | PSOCO/Fountain Valley |  | -1 |  |  |  |  | 14.9
 |  |  |  | Roseville project |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2
 |  |  |  | [NAME] |  |  | -10.6 | -8.1
 |  |  |  | Other |  |  | -3.6 | -0.5 |  |  | -0.6
 |  |  |  | Vitro Project Reimbursement |  |  |  |  |  |  |  |  |  |  |  | 25.1
 |  |  | Total Capital Expenditures
 |  |  | Sithe Restructure: |  |  |  |  |  |  |  |  |  | -186
 |  | NET CASH PROVIDED BY INVESTING ACTIVITIES
 |  | CASH FLOWS FROM FINANCING ACTIVITIES
 |  | NET CASH PROVIDED BY FINANCING ACTIVITIES
 |  | CASH FLOWS FROM INTERCOMPANY ACTIVITIES
 |  | Accounts Receivable/Payable - Intercompany
 |  |  | Canada |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 140 |  |  | 0
 |  |  | Europe |  |  | 71.2 |  | -2.5 |  |  |  | -110.7 | -39.5 |  |  | 33.5 | -45.3 | 0.7 |  |  | 0
 |  |  | Enron Netherlands |  |  | -2.1 | 13 | -88 |  |  | -315.1 |  |  |  |  |  |  |  |  |  | 0
 |  |  | Singapore |  |  |  |  |  |  |  | 3.1 |  |  |  |  |  |  |  |  |  | 0
 |  |  | South America |  |  |  |  |  |  |  |  |  |  |  |  | 0.6 |  |  |  |  | 0
 |  |  | Mexico |  |  |  |  |  |  |  | -0.7 |  |  |  |  |  |  |  |  |  | 0
 |  |  | Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 31.2 |  |  | 0
 |  |  | Total Intercompany Accounts Receivable/Payable
 |  | NET CASH PROVIDED BY INTERCOMPANY ACTIVITIES
 | Other
 |  |  | AEP
 |  |  | Bridgeloan - ENA/Jedi II for LV Cogen II
 |  |  | Bridgeloan - ENA wire fundings
 |  |  | Bridgeline cash distribution
 |  |  | City of Azusa - Power
 |  |  | Commonwealth
 |  |  | [NAME]
 |  |  | ECT Securities, L.P. distribution to 413
 |  |  | Enron [NAME] distribution to 413
 |  |  | Enron Preferred Funding I and II
 |  |  | Lawsuit receipts
 |  |  | MEGS, LLC interest on note
 |  |  | Ponderosa Debt Service Reserve
 |  |  | Purchase of T-Bills for OTC Collateral
 |  |  | Starr VPP Restricted Cash
 |  |  | Unidentified receipts/disbursements
 |  |  | Other |  |  |  | 6 | 27.6 |  |  |  | 28.9 |  |  |  |  | 0 | 0 |  |  | -3.4
 |  |  | Total
 | TOTAL DIRECT CASH FLOWS
 |  |  |  |  | per EGF
 |  |  |  |  | diff [NAME]/EGF
 |  |  |  |  | per TWS, adjusted for Enron Netherlands
 |  |  |  |  | diff DCF/TWS
 |  |  |  |  | diff Enron Global Finance/TWS
 |  |  |  |  | Enron Netherlands adjustment
 | NONCASH ACTIVITY
 |  | Houston Payroll Related Costs (includes salaries, benefits, & taxes) |  |  |  | -4.218 | -9.051 | -1.848 |  |  | -8.705 | -7.1 | -10.3 |  |  | -6.1 | -6.4 | -7.1 |  |  | -2.8
 |  | Mexico Payroll Fundings |  |  |  |  |  |  |  |  |  | -0.1 | -0.1 |  |  | -0.1 | -0.1 | -0.1
 |  | Canada Payroll Fundings |  |  |  |  | -5.373 | -0.575 |  |  | -0.56 | -0.5 | -0.7 |  |  | -0.7 | -0.7 | -0.9
 |  | South America Payroll Fundings |  |  |  |  |  |  |  |  |  | -0.4 | -0.9 |  |  | -0.7 | -0.1 | -0.7 |  |  | -0.5
 |  | OTE Variation Margin |  |  |  | 0 | 0 | 0 |  |  | 3.4 | -233.7 | 5.9 |  |  | -247.2 | -96 | -62.1 |  |  | -113.3
 |  | Total Noncash Activity
 | TOTAL CASH & NONCASH ACTIVITIES
 |  |  | Notes:
 |  |  | 1 | [NAME] (JEDI) also termed "Bridgeloan."
 |  |  | 2 | Use Elaine variant for ref 3 column on pay entity report
 |  |  | 3 | Europe - comprised of funding to co 0912 - zba 577
 |  |  | 4 | For future references, place a new section below "TOTAL DIRECT CASH FLOWS" line:
 |  |  |  |  | Non-Cash Activity
 |  |  |  |  | Payroll
 |  |  |  |  | Taxes
 |  |  | 5 | co 364 is comprised of both financial & physical
 |  |  |  |  | 012 & 078 are physical
 |  |  |  |  | 1 outflow account
 |  |  |  |  | 2 inflow accts: financial & physical
 |  |  | 6