Spreadsheet: barry_tycholiz__852__Huber Value 10-11-01
Sheet: 10-11-01

60% SJ/40% Perm |  |  | 6-5-01 Curves
Start | End | Year | PV Volume |  | PV Rec Price | PV Del Price | PV Spread | [NAME] | Value Over Tolls |  | Yearly Value |  | Cumulative Value
2001-07-01 00:00:00 | 2001-12-31 00:00:00 | 2001 | 41105262.77830882 |  |  |  | 1.862370704581388 | 0.5292416779920284 | 1.33312902658936 |  | 54798618.95534668 |  | 54798618.95534668
2002-01-01 00:00:00 | 2002-12-31 00:00:00 | 2002 | 78921002.98984492 |  |  |  | 1.13741991662453 | 0.5275331820234525 | 0.6098867346010777 |  | 48132872.80491841 |  | 102931491.7602651
2003-01-01 00:00:00 | 2003-12-31 00:00:00 | 2003 | 74842910.30793871 |  |  |  | 0.4222058982863064 | 0.5251746284956142 | -0.1029687302093078 |  | -7706479.43957756 |  | 95225012.32068752
2004-01-01 00:00:00 | 2004-12-31 00:00:00 | 2004 | 70697079.95636024 |  |  |  | 0.4113299560333242 | 0.4641719436640607 | -0.05284198763073661 |  | -3735774.224583185 |  | 91489238.09610434
2005-01-01 00:00:00 | 2005-12-31 00:00:00 | 2005 | 66249684.3681384 |  |  |  | 0.4283602121923456 | 0.4654190812708699 | -0.0370588690785242 |  | -2455138.379492392 |  | 89034099.71661195
2006-01-01 00:00:00 | 2006-05-31 00:00:00 | 2006 | 26193321.54645195 |  |  |  | 0.4149721338914635 | 0.4671202671044102 | -0.05214813321294673 |  | -1365932.821293924 |  | 87668166.89531803
 |  |  |  |  |  |  |  |  |  |  | 87668166.89531803
50% SJ/50% Perm |  |  | 6-5-01 Curves
Start | End | Year | PV Volume |  | PV Rec Price | PV Del Price | PV Spread | [NAME] | Value Over Tolls |  | Yearly Value |  | Cumulative Value
2001-07-01 00:00:00 | 2001-12-31 00:00:00 | 2001 | 41105262.77830882 |  |  |  | 1.812343928636992 | 0.5327164025305678 | 1.279627526106424 |  | 52599425.71896178 |  | 52599425.71896178 |  | -1
2002-01-01 00:00:00 | 2002-12-31 00:00:00 | 2002 | 78921002.98984492 |  |  |  | 1.108158165483514 | 0.5302614584518941 | 0.5778967070316198 |  | 45608187.743464 |  | 98207613.46242577
2003-01-01 00:00:00 | 2003-12-31 00:00:00 | 2003 | 74842910.30793871 |  |  |  | 0.4044053605361577 | 0.5274909044012516 | -0.1230855438650939 |  | -9212080.319699077 |  | 88995533.14272669
2004-01-01 00:00:00 | 2004-12-31 00:00:00 | 2004 | 70697079.95636022 |  |  |  | 0.4004807400160842 | 0.466238337808451 | -0.06575759779236662 |  | -4648870.14886512 |  | 84346662.99386157
2005-01-01 00:00:00 | 2005-12-31 00:00:00 | 2005 | 66249684.36813841 |  |  |  | 0.4183590020447076 | 0.4674549918312184 | -0.0490959897865109 |  | -3252593.827097694 |  | 81094069.16676387
2006-01-01 00:00:00 | 2006-05-31 00:00:00 | 2006 | 26193321.54645195 |  |  |  | 0.4049709237438255 | 0.469156177664759 | -0.06418525392093345 |  | -1681224.994491676 |  | 79412844.17227219
ENRON EL PASO RECALLABLE PG&E CAPACITY VALUATION SCENARIOS: CAPACITY PER DAY = 30,000 |  |  |  |  |  |  |  |  |  |  |  | CONFIDENTIAL
BOOK VALUE
50% Perm/50% SJ |  |  | 10-11-01 Mid Curves
 |  |  |  |  | Swap Prices (Mid to Mid)
Start | End | Year | PV Volume |  | Rec B & I | Del B & I | Spread | Tolls (including fuel) | MTM vs. Tolls |  | MTM $[NAME] (by year) | Delta | Cumulative Dollars
2001-11-01 00:00:00 | 2006-05-31 00:00:00 | 2001 - 2006 | 45990755.41939077 |  | -0.1750260617862804 | 0.1801993164843184 | 0.3552253782705988 | -0.4706975397154155 | -0.1154721614448167 |  | -5310651.934756969 | #REF! | -5310651.934756969
2001-11-01 00:00:00 | 2001-12-31 00:00:00 | 2001 | 1825396.574145639 |  | -0.2422886262909974 | 0.01615294750365056 | 0.2584415737946479 | -0.4819903729124988 | -0.2235487991178509 |  | -408065.2120640966 | -4788223.894122839 | -408065.2120640966
2002-01-01 00:00:00 | 2002-12-31 00:00:00 | 2002 | 10761738.73477368 |  | -0.2276396398041465 | -0.03518547136817134 | 0.1924541684359751 | -0.4906989436674616 | -0.2982447752314865 |  | -3209632.350052557 | #REF! | -3617697.562116654
2003-01-01 00:00:00 | 2003-12-31 00:00:00 | 2003 | 10391293.80369364 |  | -0.1809941236523707 | 0.1787104005102515 | 0.3597045241626222 | -0.5024795711107941 | -0.1427750469481719 |  | -1483617.460674607 | #REF! | -5101315.022791262
2004-01-01 00:00:00 | 2004-12-31 00:00:00 | 2004 | 9926257.686329558 |  | -0.1507536007349482 | 0.2804794631989247 | 0.4312330639338729 | -0.4435266124946919 | -0.01229354856081905 |  | -122028.9308940957 | -4462805.266019627 | -5223343.953685357
2005-01-01 00:00:00 | 2005-12-31 00:00:00 | 2005 | 9366310.991888247 |  | -0.1408140348143313 | 0.3058496462355731 | 0.4466636810499044 | -0.4468338883962982 | -0.0001702073463937803 |  | -1594.214939428195 | -4414371.08871602 | -5224938.168624786
2006-01-01 00:00:00 | 2006-05-31 00:00:00 | 2006 | 3719757.628559993 |  | -0.1240455541265438 | 0.3040110434246167 | 0.4280565975511605 | -0.4510994338569677 | -0.02304283630580717 |  | -85713.76613218538 | #REF! | -5310651.934756971