Spreadsheet: louise_kitchen__23028__EWS Trading Margin Breakout
Sheet: 3Q

 |  | Third Quarter 2001
 |  |  | Americas |  |  | EES  Wholesale |  |  | Europe |  |  | Global  Markets |  |  | Industrial  Markets |  |  | Net  Works |  |  | Global  Assets |  |  | EBS |  |  | EEOS |  |  | EPI |  |  | Wholesale Office  of Chairman |  |  | Total Wholesale
 |  |  | Actual |  |  | Actual |  |  | Actual |  |  | Actual |  |  | Actual |  |  | Actual |  |  | Actual |  |  | Actual |  |  | Actual |  |  | Actual |  |  | Actual |  |  | Actual
Gas |  | $ | 556.2 |  | $ | -3.9 |  | $ | 16.8 |  | $ | 0 |  | $ | 0 |  | $ | 0 |  | $ | 0 |  | $ | 0 |  | $ | 0 |  | $ | 0 |  | $ | 0 |  | $
Power |  |  | 210.9 |  |  | 206 |  |  | 9.7 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Metals |  |  | 0 |  |  | 0 |  |  | 37.9 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Crude & Products |  |  | 0 |  |  | 0 |  |  | 0 |  |  | -62 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Tariff Risk Management |  |  | 0 |  |  | 15.6 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Emerging (LNG) |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Coal |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 18.7 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Financial |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 5.7 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Weather |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 8.9 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Pulp & Paper |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | -1.8 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Lumber |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | -1.6 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Europe |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 1.6 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Steel |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 13.7 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Australia |  |  | 0 |  |  | 0 |  |  | 3.3 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
E Commerce |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0.5 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Drift |  |  | 31.8 |  |  | 14 |  |  | 21.7 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Bandwidth |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | -7.2 |  |  | 0 |  |  | 0 |  |  | 0
[NAME] |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0.2 |  |  | 0 |  |  | 0 |  |  | 0
J-Block |  |  | 0 |  |  | 0 |  |  | 3.1 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Eastern 1 & 2 |  |  | 0 |  |  | 0 |  |  | 44.9 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Watershed |  |  | 0 |  |  | 0 |  |  | 14.5 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Credit Trading |  |  | 0 |  |  | 0 |  |  | -1.4 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Other |  |  | 20 |  |  | -33.1 |  |  | 0 |  |  | 2.5 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 2.6 |  |  | 0 |  |  | 0 |  |  | -1.5
 | Trading Margin
Gas |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Power |  |  |  |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Peakers |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Other |  |  |  |  |  | 0 |  |  | 0 |  |  | 108.4 |  |  | 12.8 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
 | Origination Margin
Public Portfolio |  |  | -0.2 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | -47.2 |  |  | 0
Private Valuation |  |  | -2.1 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | -36.4 |  |  | 0
EES 50% |  |  | 0 |  |  | 0 |  |  | 16.7 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Equity Earnings |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 3.1 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Asset/Accrual Margin |  |  | -31.2 |  |  | 0 |  |  | 5 |  |  | 0.5 |  |  | 16.7 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 16.1 |  |  | -6.1 |  |  | 0
CATS/Margaux |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
 | Assets & Investments
 | TOTAL MARGIN