Spreadsheet: drew_fossum__8677__Fixed3
Sheet: Summary

ENRON TRANSPORTATION & STORAGE
FUEL HEDGING BOOK
SUMMARY
AS OF August 24, 2000
Related | Company | Contract | Contract | Contract | Hedged | Offsetting | Hedge | Unhedged | Contract | [NAME]. | Spread | Contract | Fuel
Trans. | Name | Name | Number | Type |  | Counter- | Term | Term | Price | Actual/ |  | Volume | Dth/d | Gains and (Losses)
 |  |  |  |  |  | Party |  |  |  | Futures |  | (Short) |  | Total | Realized | Unrealized
 |  |  |  |  |  |  |  |  |  | Prices |  | Long |  | (3) | (3) | (3)
1 | TW | Avista |  | F |  | Engage | 06/98-05/99
1 | TW | Engage | 26125 | P | Y | Avista | 06/98-05/99
1 | TW | Sempra |  | F |  | Engage | 06/99-05/00
1 | TW | Engage | 26125 | P | Y | Sempra | 06/99-05/00
2 | TW | Avista |  | F |  | Over-rtnd | 10/98-12/99
2 | TW | Over-rtnd |  | P | Y | Avista | 10/98-12/99
2 | TW | Sempra |  | F |  | Over-rtnd | 10/98-12/99
2 | TW | Over-rtnd |  | P | Y | Sempra | 10/98-12/99
2 | TW | Sempra |  | F |  | Over-rtnd | 05/99-12/99 |  | 2.01
2 | TW | Over-rtnd |  | P | Y | Sempra | 05/99-12/99 |  | 2.01
2 | TW | RMTC |  | Financial |  | Over-rtnd | 01/01-12/00 |  | 2.365
2 | TW | Over-rtnd |  | Physical | Y | RMTC | 01/01-12/00 |  | 2.365
6 | NNG | El Paso | 25834 | P | Y | Base Gas Repurchase | 06/02-10/02 (5) |  | 2.32
6 | NNG | El Paso |  | F | Y | Base Gas Repurchase | 06/02-10/02 (5) |  | 2.32
8 | NNG | MEC | 105706 | P | N |  | 11/99-04/00
8 | NNG | MEC | 105706 | P | N |  | 11/99-04/00
9 | TW | ENA |  | Financial |  | Over-rtnd | 01/01-12/01 |  | 3.23
9 | TW | Over-rtnd |  | Physical | Y | ENA | 01/01-12/01 |  | 3.23
10 | TW | ENA-Put Option |  | Financial |  | Over-rtnd | 01/01-12/01 |  | 3 |  | 0.1
10 | TW | Over-rtnd |  | Physical | Y | ENA | 01/01-12/01 |  | 3 |  |  |  |  | See Note 2 |  | See Note 2
11 | TW | ENA |  | Financial |  | Over-rtnd | 01/01-12/01 |  | 3.74 |  | 0.1
11 | TW | Over-rtnd |  | Physical | Y | ENA | 01/01-12/01 |  | 3.74
12 | TW | ENA |  | Financial |  | Over-rtnd | 01/01-12/01 |  | 3.63 |  | 0.1
12 | TW | Over-rtnd |  | Physical | Y | ENA | 01/01-12/01 |  | 3.63
13 | TW | ENA |  | Financial |  | Over-rtnd | 01/01-12/01 |  | 3.585 |  | 0.1
13 | TW | Over-rtnd |  | Physical | Y | ENA | 01/01-12/01 |  | 3.585
 |  |  |  |  |  |  |  |  | FAS 133 Income Effect
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | See Note 1
Note 1:  Net income effect upon adoption of FAS 133, except for option premium.
Note 2:  The ENA Put Option is currently out-of-the money by  $1,247,845.83.   The premium will be expensed in 08/31/00.
UNHEDGED PRICE EXPOSURE
SUMMARY
Related | Company | Contract | Contract | Contract | Hedged | Counter- | Hedge | Unhedged | Contract | [NAME]. | Spread | Contract | Fuel
Trans. | Name | Name | Number | Type |  | Party | Term | Term | Price | Actual/ |  | Volume | Dth/d | Speculative Gains and (Losses)
 |  |  |  |  |  |  |  |  |  | Futures |  | Short(-) |  | Total | Realized | Unrealized
 |  |  |  |  |  |  |  |  |  | Prices |  | Long(+) |  | (3) | (3) | (3)
6 | NNG | El Paso | 25834 | F | N | Base Gas Repurchase | 06/02-10/02 (5) |  | Index less $.104
6 | NNG | ENA |  | Financial | N | Base Gas Repurchase | 06/02-10/02 (4) |  | 3.3 |  |  | 15000000
6 | NNG | El Paso |  | Financial | N | Base Gas Repurchase | 06/02-10/02 (4) |  | 2.32 |  |  | -15000000
1 | TW | Engage | 26125 | Physical | N |  |  | 06/00-05/03 |  |  |  | -258500
3 | NNG | GPM | 101021 | Physical | N |  |  | 01/96-12/05 |  |  |  | 822449.25
4 | NNG | GPM | 101073 | Physical | N |  |  | 01/96-12/05 |  |  |  | 146370.1875
5 | NNG | Apache | 22064 | Physical | N |  |  | [NAME] |  |  |  | -1500
(3)Gain and [NAME] are a measurement of the effectiveness of meeting the stated hedge objective.
(4)Margin call:  $   1,000,000-NNG
$20,000,000-El Paso