Spreadsheet: louise_kitchen__23028__EWS Trading Margin Breakout
Sheet: 1Q

 |  | First Quarter 2001
 |  |  | Americas |  |  | EES  Wholesale |  |  | Europe |  |  | Global  Markets |  |  | Industrial  Markets |  |  | Net  Works |  |  | Global  Assets |  |  | EEOS |  |  | Wholesale Office  of Chairman |  |  | Total Wholesale
 |  |  | Actual |  |  | Actual |  |  | Actual |  |  | Actual |  |  | Actual |  |  | Actual |  |  | Actual |  |  | Actual |  |  | Actual |  |  | Actual
Gas |  | $ | 527.6 |  | $ | -22.6 |  | $ | -23.5 |  | $ | 0 |  | $ | 0 |  | $ | 0 |  | $ | 0 |  | $ | 0 |  | $ | 0 |  | $
Power |  |  | 505.7 |  |  | -155.9 |  |  | 136.1 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Metals |  |  | 0 |  |  | 0 |  |  | 8.6 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Crude & Products |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 49.5 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Tariff Risk Management |  |  | 0 |  |  | -51.3 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Emerging (LNG) |  |  | 0 |  |  | 0 |  |  | 0 |  |  | -5.1 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Coal |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 1.2 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Financial |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 13.3 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Weather |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 8.7 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Pulp & Paper |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 14.1 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Lumber |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | -0.1 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Europe |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Steel |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 2.3 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Australia |  |  | 0 |  |  | 0 |  |  | 5.6 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
E Commerce |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 7.1 |  |  | 0 |  |  | 0 |  |  | 0
Drift |  |  | 49.1 |  |  | 6 |  |  | 29 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Bandwidth |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
[NAME] |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
J-Block |  |  | 0 |  |  | 0 |  |  | -2.3 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Eastern 1 & 2 |  |  | 0 |  |  | 0 |  |  | 30.4 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Watershed |  |  | 0 |  |  | 0 |  |  | -26.3 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Credit Trading |  |  | 0 |  |  | 0 |  |  | -3.5 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Other |  |  | -23.4 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | -17.2
 | Trading Margin
Gas |  |  | 1.6 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Power |  |  |  |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Peakers |  |  | 225.3 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Other |  |  |  |  |  | 0 |  |  | 24.1 |  |  | 33.9 |  |  | 6.2 |  |  | 2.9 |  |  | 0 |  |  | 0 |  |  | 0
 | Origination Margin
Public Portfolio |  |  | -13.4 |  |  | 0 |  |  | 5.6 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 28.8 |  |  | 0
Private Valuation |  |  | 23.6 |  |  | 0 |  |  | 1.9 |  |  | 0 |  |  | 0 |  |  | -0.1 |  |  | 0 |  |  | -1.6 |  |  | 0
EES 50% |  |  | 0 |  |  | 0 |  |  | 20.9 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Equity Earnings |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 8.5 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Asset/Accrual Margin |  |  | -1.1 |  |  | 0 |  |  | 1.9 |  |  | -0.8 |  |  | 7 |  |  | 0 |  |  | 65.8 |  |  | 0 |  |  | 0
CATS/Margaux |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
 | Assets & Investments
 | TOTAL MARGIN