Spreadsheet: elizabeth_sager__9473__California Exposure 033001a
Sheet: Edison Int'l 

RAC - Risk Assessment & Control
California Exposure as of COB
 |  |  |  |  | March |  |  | April |  |  | March & April |  | April
 |  |  | Financial | Physical | Sales | Purchases | Cash | Sales | Purchases | \ | 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
Southern California Edison Company | EPMI | ENA | 0 | -76379872 | 0 | 0 |  |  | 0 |  |  | -43530494 | 1200000 | 0 |  | 0 |  | Master Power Contract; forward exposure relating to EPMI fixed power supply out to 2005
Southern California Edison Company | Portland General | PGE | 0 | 0 | 50379149 | 0 |  | 0 | 0 |  |  |  | 0 | 0 |  |  | 0 | Estimates of Portland General Exposure relating to an annuity stream due for the termination of power sales agreement 3 years ago. |  | Estimates of Portland General Exposure relating to an annuity stream (23 remaining monthly pmts of $2,667,000) for the termination of a long-term power sales agreement 3 years ago.
Southern California Edison Company | EES | EES | 0 | 0 | 84000000 | 0 |  | 0 | 0 |  |  |  | 0 | 0 |  |  | 0 | [NAME] due to EES.  Physical MTM of $132.4mm was released due to putting customers back to utility effective March 13.
Southern California Edison Company | EEMC | EES | 0 | 0 | 56000000 | 0 |  | 0 | 0 |  |  |  | 0 | 0 |  |  | 0 | [NAME] due to EEMC.  Physical MTM of $233.3[NAME] was released due to putting customers back to utility effective March 13.
Southern California Edison Company | Enron Wind | EWC | 0 | 20190000 |  | 0 |  | 0 | 0 |  |  |  | 0 | 0 |  |  | 0 | Mark to Market as of 03/21/01; estimates on accrued A/R through January 30, 2001.
Total Utility Exposure
Edison First Power Limited | ECT Resources Int. | EEL | 0 | -110740 | 0 | 0 |  | 0 | 0 |  |  | 0 | 0 | 0 |  |  |  | Per London. Power Swaps
Edison First Power Limited | ECT Resources Ltd. | EEL | 0 | -8189082 | 0 | 0 |  | 0 | 0 |  |  | -4444817 | 0 | 0 |  | 0 |  | [NAME] sleeves for ECT Resources under one coal contract. | (a)
Edison Mission Energy | ENA Corp. | ENA | 0 | 0 | 0 | 0 |  | 0 | 0 |  |  | 11891006 | 0 | 0 |  |  | 0
Edison Mission Energy - First Hydro | ECT Resources Int. | EEL | -22863 | 0 | 0 | 0 |  | 0 | 0 |  |  |  | 0 | 0 |  | 0 |  | Per London. Financial swap settles weekly.
Edison Mission Marketing & Trading | ENA Corp. | ENA | 15783475 | 0 | 0 | 0 |  | 0 | 0 |  |  | 0 | 0 | 0 |  |  | 0 | ENA has a $35MM inc gty from Edison Mission Energy for (4) specific swaps and a $15MM inc gty from Edison Mission Midwest Holdings for the remaining swap portfolio.
Edison Mission Marketing & Trading | EPMI | ENA | 0 | -970062 | 9734460 | -7167360 |  |  |  |  |  | -11111175 | 14468775 | -16120230 |  |  | 0 | EPMI has a $20MM inc gty from Edison Mission Energy and a $5MM inc letter of credit.
Subtotal Non-Utility Exposure
Total Exposure to Non-Utility Subsidiaries |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | With Master Set-Off
Total Master Set-Off Benefit
Total Exposure after Set-Off
Total Relationship Exposure
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | With Master Set-Off
Total Master Set-Off Benefit
Total Relationship Exposure after Set-Off
Notes:
(a) Net Settlement Risk for [NAME] is only one-month receivables/payables due to approx. 10 day settlement for coal delivery.
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