Spreadsheet: mark_whitt__25278__November 22 Structure
Sheet: structure

SETTLEMENTS |  |  |  |  |  | Enron Canada Corp. |  |  |  |  |  | CONTACTS
[NAME] (C$[NAME]) |  | Nymex Prompt (US$/MMBtu) |  | Dow Close |  | Structured Energy Update
3.715 | -0.0349999999999997 | 2.813 | -0.0389999999999997 | 9834.6 | -66.69999999999891
[NAME] (C$[NAME]) |  | HH Cash (U$/MMBtu) |  | BofC Noon FX
2.6 | -0.59 | 1.92 | -0.48 | 1.6014 | 0.008099999999999996
Cash Basis (US$/MMBtu) |  | WTI Prompt (US$/Bbl) |  | TSE Close |  | 2001-11-22 00:00:00
-0.2069536341602236 | 0.08444360037000398 | 19.03590000000217 | -0.1866999999972165 | 7330.9 | -50.30000000000018
3.75 | -0.2913972345302276 | 19.22259999999939 | 9901.3 | 1.5933 | 7381.2
NATURAL GAS PRICES (US$/MMBtu unless otherwise noted)
 |  | Nymex |  | Aeco (CAD/GJ) |  | Aeco Basis |  | Aeco/Empress Transport (CAD/GJ) |  | Station 2 Basis |  | Station 2 Fixed Price (CAD/GJ) |  | [NAME] |  | [NAME]
 |  | Nymex | Nymex | FX | FX | AecoB | AecoB | ETransport | ETransport | Station2B | Station2B | Station2 | Station2 | DawnB | DawnB | NiagaraB | NiagaraB
 |  | -0.01 | 0.01 | -0.01 | 0.01 | -0.01 | 0.01 | -0.01 | 0.01 | -0.01 | 0.01 | -0.01 | 0.01 | -0.01 | 0.01 | -0.01 | 0.01
 |  | Bid | Offer | Bid | Offer | Bid | Offer | Bid | Offer | Bid | Offer | Bid | Offer | Bid | Offer | Bid | Offer
Cash (fixed price) |  | 1.91 | 1.93 | 2.59 | 2.61 |  |  |  |  |  |  | 2.35 | 2.37 | 2.125 | 2.145 | 2.135 | 2.155
ROM (fixed price) |  | 1.91 | 1.93 | 2.54 | 2.56 |  |  | 0.15 | 0.175 |  |  | 2.39 | 2.41 | 2.192 | 2.212 | 2.232 | 2.252
Prompt |  | 2.803 | 2.823 | 3.699822360609454 | 3.730177639390545 | -0.3753202888097043 | -0.3553202888097043 | 0.165 | 0.175 | -0.2764906907804863 | -0.2564906907804863 | 3.855 | 3.875 | 0.21 | 0.23 | 0.365 | 0.385
Dec-01-Mar-02 |  | 2.949255320796277 | 2.969255320796276 | 3.823019795019178 | 3.853381222049916 | -0.4409153289712714 | -0.4209153289712714 | 0.17 | 0.18 | -0.3420440225721099 | -0.3220440225721098 | 3.978297453567022 | 3.998297453567022 | 0.1605369673518515 | 0.1805369673518515 | 0.3155369673518515 | 0.3355369673518515
Apr-02-Oct-02 |  | 3.035224814369911 | 3.05522481436991 | 3.849628629950256 | 3.879997760199614 | -0.51 | -0.49 | 0.155 | 0.165 | -0.4704861907349978 | -0.4504861907349978 | 3.9148037212336 | 3.9348037212336 | 0.1 | 0.12 | 0.145 | 0.165
Dec-01-Oct-02 |  | 3.003957544506017 | 3.023957544506017 | 3.839949440570806 | 3.870315769144762 | -0.4848737725125314 | -0.4648737725125314 | 0.16 | 0.175 | -0.4237715275805279 | -0.4037715275805279 | 3.937896513583651 | 3.957896513583651 | 0.1220174112496179 | 0.1420174112496179 | 0.2070246224364845 | 0.2270246224364845
Nov-02-Mar-03 |  | 3.442980755061808 | 3.462980755061808 | 4.572861185379391 | 4.603215585603802 | -0.44 | -0.42 | 0.155 | 0.175 | -0.1390213333502932 | -0.1190213333502932 | 5.034831685381269 | 5.054831685381268 | 0.2059786666497073 | 0.2259786666497073 | 0.3659786666497074 | 0.3859786666497074
Apr-03-Oct-03 |  | 3.316888654048302 | 3.336888654048301 | 4.371983935204407 | 4.402325037585743 | -0.445 | -0.425 | 0.155 | 0.175 | -0.3658993793790099 | -0.3458993793790099 | 4.497147501056189 | 4.517147501056189 | 0.125 | 0.145 | 0.16 | 0.18
NATURAL GAS PRICES (US$/MMBtu unless otherwise noted)
 |  | [NAME] |  | Rockies Basis |  | [NAME] |  | Socal Basis |  | San Juan Basis |  | Ventura Basis |  | Chicago City Gate Basis |  | TZ6
 |  | SumasB | SumasB | RockiesB | RockiesB | MalinB | MalinB | SocalB | SocalB | San Juan | San Juan | [NAME] | [NAME] | ChicagoB | ChicagoB | TZ6B | TZ6B
 |  | -0.01 | 0.01 | -0.01 | 0.01 | -0.01 | 0.01 | -0.01 | 0.01 | -0.01 | 0.01 | -0.01 | 0.01 | -0.01 | 0.01 | -0.01 | 0.01
 |  | Bid | Offer | Bid | Offer | Bid | Offer | Bid | Offer | Bid | Offer | Bid | Offer | Bid | Offer | Bid | Offer
Cash (fixed price) |  | 1.675 | 1.695 | 1.37 | 1.39 | 1.695 | 1.715 | 1.575 | 1.595 |  |  | 1.78 | 1.8 | 1.88 | 1.9 | 2.275 | 2.295
ROM (fixed price) |  | 1.65 | 1.67 | 1.41 | 1.43 | 1.65 | 1.67 | 1.605 | 1.625 | -0.01 | 0.01 | 2.31 | 2.33 | 2.385 | 2.405 | 3.01 | 3.03
Prompt |  | -0.105 | -0.085 | -0.43 | -0.41 | -0.155 | -0.135 | -0.15 | -0.13 | -0.32 | -0.3 | -0.08 | -0.06 | 0.04 | 0.06 | 0.825 | 0.845
Dec-01-Mar-02 |  | -0.1308436764468362 | -0.1108436764468362 | -0.4302345145720449 | -0.4102345145720449 | -0.1525575537765466 | -0.1325575537765466 | -0.1401308449275748 | -0.1201308449275748 | -0.3140943651430901 | -0.2940943651430901 | -0.06013548901542174 | -0.04013548901542174 | 0.08447877002263005 | 0.10447877002263 | 1.183342207621396 | 1.203342207621396
Apr-02-Oct-02 |  | -0.3699193373672921 | -0.3499193373672921 | -0.6 | -0.58 | -0.1662461065895773 | -0.1462461065895773 | 0.032333491719654 | 0.05233349171965401 | -0.3649400534427658 | -0.3449400534427658 | -0.105 | -0.085 | 0.015 | 0.035 | 0.3802780276696095 | 0.4002780276696095
Dec-01-Oct-02 |  | -0.2829670604937978 | -0.2629670604937978 | -0.5382559670203899 | -0.5182559670203899 | -0.161267553651091 | -0.141267553651091 | -0.03039211862987812 | -0.01039211862987812 | -0.3464473789905229 | -0.3264473789905229 | -0.0886826912204044 | -0.06868269122040441 | 0.04026956204817358 | 0.06026956204817358 | 0.6723540117054179 | 0.6923540117054179
Nov-02-Mar-03 |  | 0.04718510356759234 | 0.06718510356759234 | -0.3034519352341644 | -0.2834519352341644 | 0.04146690558838041 | 0.06146690558838041 | 0.07 | 0.09 | -0.235 | -0.215 | -0.03014054943372065 | -0.01014054943372065 | 0.1109786666497073 | 0.1309786666497073 | 1.109624409216186 | 1.129624409216186
Apr-03-Oct-03 |  | -0.275 | -0.255 | -0.475 | -0.455 | 0.04 | 0.06 | 0.2 | 0.22 | -0.295 | -0.275 | -0.105 | -0.08499999999999995 | 0.025 | 0.045 | 0.3700511517801198 | 0.3900511517801198
STRUCTURES
$1.00 OTM Aeco Floors (C$[NAME]) |  |  | $1.00 OTM Aeco Caps (C$[NAME]) |  |  | Aeco Costless Collar (C$[NAME]) |  |  | $1.00 OTM Nymex Floors (US$/MMbtu) |  |  | $1.00 OTM Nymex Caps (US$/MMbtu) |  |  | Nymex Costless Collar (US$/Mmbtu)
 | Bid | Offer |  | Bid | Offer |  | Put | Call |  | Bid | Offer |  | Bid | Offer |  | Put | Call
Apr-02-Oct-02 | 0.1982160401739814 | 0.2482160401739814 | Apr-02-Oct-02 | 0.3511214206436214 | 0.4011214206436214 | Apr-02-Oct-02 | 2.864803721233601 | 5.627732188747204 | Apr-02-Oct-02 | 0.06264388716177782 | 0.1126438871617778 | Apr-02-Oct-02 | 0.1801002434919954 | 0.2301002434919954 | Apr-02-Oct-02 | 2.04522481436991 | 4.83581850087331
Dec-01-Oct-02 | 0.1511137091987363 | 0.2011137091987363 | Dec-01-Oct-02 | 0.2874753836679492 | 0.3374753836679492 | Dec-01-Oct-02 | 2.850459390226794 | 5.612670885131195 | Dec-01-Oct-02 | 0.0407655902347309 | 0.09076559023473091 | Dec-01-Oct-02 | 0.1462171125817204 | 0.1962171125817204 | Dec-01-Oct-02 | 2.013957544506017 | 4.821014511280593
WEEKLY STRATEGY |  |  |  | COMMENTARY |  |  |  | FIELD RECEIPTS |  |  | ALBERTA POWER POOL  (C$/MWh) |  |  |  | WTI Swaps (US$/Bbl)
 |  |  |  |  |  |  |  |  | 2001 YTD | 2000 YTD |  | 7 X 24 | Peak | [NAME] |  |  | Change
 |  |  |  |  |  |  |  | Alberta | 12739.4685652027 | 12292.54682811999 | Yesterday | 20.72 |  |  | 1 month | 19.03590000000217 | -0.1866999999972165
 |  |  |  |  |  |  |  | BC | 1937.148148148148 | 1756.796923076924 | Prompt | 39.78 -  44.00 | 47.56 - 51.39 | 34.40 - 38.90 | 2 month | 19.13595494465785 | -0.1833529909926739
 |  |  |  |  |  |  |  | STORAGE |  |  | Rest of Year | 39.78 -  44.00 | 47.56 - 51.39 | 34.40 - 38.90 | 3 month | 19.20953387832558 | -0.1833361387013177
 |  |  |  |  |  |  |  |  | % Full 2001 | % Full 2000 | Q1 2002 | 41.64 -  54.08 | 59.16 - 68.92 | 27.20 - 41.85 | 6 month | 19.42173052369211 | -0.1928292892194179
 |  |  |  |  |  |  |  | US | 0.95 | 0.8 | Q2 2002 | 36.21 -  45.62 | 48.01 - 55.66 | 25.80 - 36.76 | Rest of Cal  01 | 19.03590000000217 | -0.1866999999972165
 |  |  |  |  |  |  |  | Canada | 0.82 | 0.82 | Q3 2002 | 37.35 -  44.49 | 48.99 - 53.93 | 27.57 - 36.56 | Cal 02 | 19.86498646794609 | -0.2083536983610443
6-10 DAY WEATHER OUTLOOK |  |  | AGA STORAGE |  |  | CGA STORAGE |  |  | ENRONONLINE PROMPT AECO (NIT) |  |  | HENRY HUB CASH |  |  | FORWARD GAS CURVES
 |  |  |  | This Year | Last Year |  | This Year | Last Year
 |  |  | 2001-11-16 00:00:00 | 15 | -94 | 2000-11-09 00:00:00 | 5.938000000000045 | -1.916660751047004
 |  |  | 2001-10-25 00:00:00 | 23 | 70 | 2000-11-02 00:00:00 | 1 | 4.7