Spreadsheet: vkaminski__40790__CASH_Elba_04112000wML
Sheet: Elba

ELBA ISLAND TERMINAL
March 30, 2000
Calendar Year
Year of Operation - Elba Terminal |  |  |  |  | 0
Months of Operation
% of Year |  |  | 0 | 0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0
% of Year with Scheduled Throughput |  |  | 0 | 0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0
Terminal Throughput (TBTU/Yr) [NAME]: |  |  |  | Cargoes by Oper. Year: | 1
Algeria: |  |  |  | Cargoes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0
[NAME]: |  |  |  | Cargoes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0
 |  |  |  | Cargoes by Calendar Year:
Algeria: |  |  |  | Cargoes:
[NAME]: |  |  |  | Cargoes:
Total Cargoes |  |  |  | Cargoes:
Total Volume |  |  |  | MMBtu:
Terminal Throughput (TBTU/Yr) Yrs 6+: |  |  |  | Cargoes by Calendar Year: | 1
Algeria: |  |  |  | Cargoes: | 0 | 0 | 0 | 0 | 0 | 0
[NAME]: |  |  |  | Cargoes: | 0 | 0 | 0 | 0 | 0 | 0
Total Cargoes |  |  |  | Cargoes: | 0 | 0 | 0 | 0 | 0 | 0
Total Volume |  |  |  | MMBtu:
Price of Gas
HH Curve
Basis to Elba
Price of Gas at Elba Island
Basis to Lake Charles
Price of Gas at Lake Charles
Basis Differential (Savings to Enron)
Elba Island Terminaling Costs (includes Blending) ($[NAME]):
Escalated Fixed Terminaling Costs ($[NAME]/Yr)
Variable Terminaling Costs ($/MMBtu)
ENE Marketing Costs
 | <<NPV>> | <<NPV>>
Flat Terminaling
Esc Terminaling
ENE Marketing Costs |  |  | 0 | 0
Additional Variable Costs |  |  | 0 | 0
Fuel Costs |  |  | 0 | 0
Less: Total Terminaling
Terminaling ($/MMBtu) |  |  | 0 | 0
Terminaling Costs Yrs 1-5
Flat Terminaling
Esc Terminaling
ENE Marketing Costs
Addit'l Var. & Fuel |  |  | 0 | 0
Less: Total Terminaling
Terminaling Costs Yrs 6+
Flat Terminaling
Esc Terminaling
ENE Marketing Costs
Addit'l Var. & Fuel
Less: Total Terminaling
Lake Charles Terminaling Costs & Margin ($[NAME]):
Terminaling Cost (flat portion) for every year
Terminaling Cost (escalated portion) for every year
Total Terminaling Cost for every year
Margin Received on Spot Cargoes
LNG Shipping from Algeria
Volume (Tbtu/Yr) |  |  | 0 | 0
Years 1-5
Years 6+
Elba Island Shipping
Flat Charter
Esc Charter
Voyage Cost
Total Shipping - MYSTIC LADY
Lake Charles Shipping
Flat Charter
Esc Charter
Voyage Cost
Total Shipping - MYSTIC LADY
Total Shipping Differential (Savings to Enron)
Voyage Shipping Differential (Savings to Enron)
Weighted Avg Shipping Differential (Savings to Enron)
LNG Shipping from Abu Dhabi
Volume (Tbtu/Yr) |  |  | 0 | 0
Years 1-5
Years 6+
Elba Island Shipping
Flat Charter
Esc Charter
Voyage Cost
Total Shipping - NEWBUILD
Lake Charles Shipping
Flat Charter
Esc Charter
Voyage Cost
Total Shipping - NEWBUILD
Total Shipping Differential (Savings to Enron)
Voyage Shipping Differential (Savings to Enron)
Weighted Avg Shipping Differential (Savings to Enron)
BACKING INTO TERMINAL CHARGE TO GET SPECIFIED FOB:
Revenues Received by Enron
Tariff Received at Elba Island
Tariff Differential
Margin Received at Lake Charles
Basis Differential
Revenues Received by Enron before Shipping Savings
[NAME]
Revenues Receivable by Enron on Algeria Cargoes
Revenues Received by Enron on Algeria Cargoes
Total Revenues on Algeria Cargoes
Abu Dhabi Shipping Differential
Revenues Receivable by Enron on M. East Cargoes
Revenues Received by Enron on M. East Cargoes
Total Revenues on Abu Dhabi Cargoes
ELBA ISLAND CASH FLOWS
Throughput (TBTU/Yr):
Algeria [NAME]
Abu Dhabi Volumes
Total [NAME]
Cost of Service Recovered from 3rd Party (non-VZ cargoes) ($/MMBtu) & ($[NAME])
[NAME]
COS Recovered from Algeria ($[NAME]) |  |  | 0 | 0
Abu Dhabi Tariff
COS Recovered from Abu Dhabi ($[NAME]) |  |  | 0 | 0
[NAME] ($[NAME]) |  |  | 0 | 0
Option 3: Yrs 6+ Terminaling Costs Recovered ($[NAME])
EXPECTED CASH FLOWS YEARS 1-5
COS Recovered from Spot Markets | <<NPV>>
COS Payable to Elba Island | <<NPV>>
Potential Penalty for Contract Termination
Option 1:  Resell Unutilized Capacity to Third Party
Profit (if any) on [NAME] of capacity | <<NPV>> |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
Option 2:  Pay Full Cost of Service
Non-Operating Term Terminaling Costs
Flat Terminaling
Esc Terminaling
Less: Total Terminaling
Non-Oper Term COS | <<NPV>>
Option 3:  Have Spot Cargoes vary on Gas Price
Yrs 6+ Terminaling Costs Recovered ($[NAME])
Yrs 6+ Terminaling Costs ($[NAME])
Net Cash Flow | <<NPV>>
Cash Flow Cost Summary
Cash Inflow Yrs 1-5
Cash Outflow Yrs 1-5
Cash Outflow Yrs 6+ - Option 1
Cash Outflow Yrs 6+ - Option 2
Cash Inflow Yrs 6+ - Option 3
Cash Outflow Yrs 6+ - Option 3
Cash Inflow
Cash Outflow
 |  |  | 0
[NAME] Yrs 1-5
[NAME] Yrs 6+
[NAME]
O1: Yrs 6+
O2: Yrs 6+
O3: Yrs 6+
Probabilistic Outcome
[NAME]? | N | 0.15