Spreadsheet: tracy_geaccone__40359__FORMAT_4QF10_ECF_PLANTS
Sheet: Format

ENRON CLEAN FUELS - MTBE & METHANOL PLANTS
2001 FOURTH QUARTER FORECAST: {October}
RESULTS OF OPERATIONS
(Millions of Dollars)
 |  |  | JAN |  | FEB |  | MAR |  | APR |  | MAY |  | JUN |  | JUL |  | AUG |  | SEP |  | OCT |  | NOV |  | DEC |  | TOTAL
Operating Revenues |  |  | 2.9 |  | 15.7 |  | 17.9 |  | 23.3 |  | 34 |  | 18 |  | 6.6 |  | 12.6 |  | 20.2 |  | 5.5 |  | 5.2 |  | -28.1
Cost of Sales |  |  | 3.7 |  | 11.5 |  | 16.6 |  | 14 |  | 17.4 |  | 13.5 |  | 3.1 |  | 6.8 |  | 19 |  | 0.4 |  | 0.3 |  | 0.3
GROSS MARGIN
Operating & Processing Expense
 | Operation & maintenance |  | 4.4 |  | 7.8 |  | 6.1 |  | 4.9 |  | 5.5 |  | 6.4 |  | 3.3 |  | 5.1 |  | 4.6 |  | 3.4 |  | 3.8 |  | -10.8
 | Compressor fuel expense |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0
 | Lease and well expense |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0
 | Oil & gas exploration expenses |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0
 | Transmission/compression & storage |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0
 | Depreciation, depletion & amortization |  | 1.2 |  | 0.6 |  | 0.8 |  | 0.9 |  | 0.9 |  | 0.7 |  | 0.5 |  | 0.5 |  | 0.5 |  | 0.5 |  | 0.5 |  | -1.4
 | Amortization of fair value adjustment |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0
 | Taxes other than income |  | 0.3 |  | 0.3 |  | 0.2 |  | 0.3 |  | 0.3 |  | 0.2 |  | 0.3 |  | 0.3 |  | -0.2 |  | 0.3 |  | 0.3 |  | -0.4
 |  | Total
OPERATING INCOME
Other Income (Deductions)
 | Equity earnings |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0
 | Minority interest - EREC / EES |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0
 | Dividend and Interest income |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0
 | Gain (Loss) on sale of assets |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0
 | Other |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0
 |  | Total
INCOME BEFORE INTEREST & TAXES
Interest Expense
 | Interest expense - Third Party |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0
 | Interco interest expense/(income)  - Capital Charge |  | 0.5 |  | 0.6 |  | 1.5 |  | -0.5 |  | 2.1 |  | 1.3 |  | -2.5 |  | 0.4 |  | 0.3 |  | 0 |  | 0 |  | 0
 | Interco interest expense/(income)  - Other |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0
 | Capitalized interest/AFUDC |  | 0 |  | -0.1 |  | 0 |  | -0.1 |  | -0.1 |  | 0 |  | 0.2 |  | -0.1 |  | 0 |  | 0 |  | 0 |  | 0
 |  | Total
Minority Interest
 | Structured Transactions |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0
 | Other |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0
 |  | Total
Perpetual Preferred Dividends |  |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0
INCOME BEFORE INCOME TAXES
Income Taxes
 | Payable currently |  | -3.8 |  | -3 |  | -4.1 |  | -0.1 |  | 2.3 |  | -34.4 |  | -3.3 |  | 1.2 |  | -1.8 |  | 0.2 |  | 0 |  | -5.7
 | Payment deferred |  | 1.3 |  | 1.2 |  | 1.6 |  | 1.4 |  | 0.6 |  | 32.9 |  | 4.1 |  | -1.5 |  | 0.3 |  | 0.1 |  | 0.1 |  | 0.1
 |  | Total
NET INCOME