Spreadsheet: louise_kitchen__23886__EPwr_Generation Inv_Hotlist
Sheet: 0418_Legal

E N R O N   N O R T H   A M E R I C A |  |  |  |  |  |  | East Power & Generation Investments          April 18, 2001
DEAL/ OPPORTUNITY |  | QUARTER |  | ORIGINATION TEAM | REGION/GROUP |  | [NAME] |  | PROBABILITY |  | ESTIMATED VALUE (000's) |  | Value Description |  | Comments
 |  |  |  |  |  |  |  |  |  |  |  |  |  | can't mtm service fee
1Q01 TOTAL
BlueDog Turbines |  | Q201 |  | Booth | Development |  | Sale of two 7EA turbines - Total deal value is $8M with a 50% split with West Power.  CA signed, pricing under discussion. |  |  |  | 4000 |  |  |  | We build fuel cell farms in Connecticut with state money (fuel cell=put fuel in and electricity comes out); no emissions; value decreased from $16M because we're doing half the original size; 50% probability
AES |  | Q201 |  | Booth | Development |  | Enron flips Haywood development site to AES with milestone payment for Interconnect Agreement with TVA.  Size, 540 MW.  Definitive agreements with AES 100% complete.  Interconnect Agreement with TVA being negotiated.  AES agreed to additional $1.2M cost savings incentive. |  |  |  | 3000
[NAME] |  | Q201 |  | Tapscott | Development |  | Enron sells its 50% equity interest in the [NAME] project in Georgia to project partner, [NAME].  Size, 342 MW.  On-going contact with [NAME] as plant issues are resolved and potential sale value is established. |  |  |  | 3000
PSEG |  | Q201 |  | Mitro/Stevens | Development |  | Sale of Plano, IL site.  Exclusivity agreement has been signed with PSEG.  PSEG in process of performing its due diligence. |  |  |  | 2200
Las Vegas Turbines |  | Q201 |  | [NAME] | Development |  | Sale of Las Vegas Turbines.  Total deal value was $5.7M ($2.1-East, $2.1-West and $1.5-QF) |  |  |  | 2100
Onondaga |  | Q201 |  | Mitro | Development |  | Sale of Enron's cash flow interest.  In process of preparing prospectus for potential customers. |  |  |  | 2000
Calvert City |  | Q201 |  | Booth | Development |  | Enron sells Calvert City project in Kentucky.  Potential buyers reviewing due diligence binders.  Final CAs being prepared. |  |  |  | 1000
Turbine Sale |  | Q201 |  | Mitro/Booth | Development |  | Sale of D5A turbine - Total deal value is $1.5M with a 50% split with West Power.  Initial contact has been made with potential customers.  CAs have been signed with several counterparties and pricing is being negotiated. |  |  |  | 750 |  |  |  | We build fuel cell farms in Connecticut with state money (fuel cell=put fuel in and electricity comes out); no emissions; value decreased from $16M because we're doing half the original size; 50% probability
Turbine Sale |  | Q201 |  | Booth/Virgo | Development |  | Enron sells one steam turbine and 161 kV transformer.  In process of identifying potential customers. |  |  |  | 250
 |  |  |  |  | Development Total
BNY |  | 2Q01 |  | [NAME] | Generation Investments |  | Acquire 50% interest in Brooklyn Navy Yard project from York Research and 50% interest from Edison Mission Energy |  |  |  | 10000
Motown |  | 2Q01 |  | [NAME] | Generation Investments |  | Negotiate restructuring plan with Consumers Energy |  |  |  | 10000
[NAME] |  | 2Q01 |  | [NAME]/Carl Tricoli | Generation Investments |  | [NAME] plant to [NAME] or 3rd party |  |  |  | 10000
FPL/Tractebel |  | 2Q01 |  | [NAME] | Generation Investments |  | Acquire interest in restructuring value of Bellingham and Sareville QF projects. |  |  |  | 10000
Edison Mission Energy |  | 2Q01 |  | [NAME] | Generation Investments |  | Acquire EME interests in Eastern QF assets |  |  |  | 10000
Delta Power |  | 2Q01 |  | [NAME] | Generation Investments |  | Power output syndication |  |  |  | 7000
ANP |  | 2Q01 |  | [NAME] | Generation Investments |  | Acquire ANP interest in Dow Oyster Creek, Texas QF (Inside Fence/Dow Credit Deal). |  |  |  | 5000
Dynegy |  | 2Q01 |  | [NAME] | Generation Investments |  | Acquire Dynegy interest in Dow Oyster Creek, Texas QF, Commonwealth Atlantic, Michigan Power |  |  |  | 5000
 |  |  |  |  | Generation Investments Total
Omaha Public Power District |  | Q201 |  | Clynes | Midwest |  | Buyout of last seven years of capacity and energy contract.  Term, Summer 02-08.  Size, 150 MW 2002-2004, 175 MW 2005, 200 MW 2006-2008. |  |  |  | 5000
 |  |  |  |  | Midwest Total
Nstar |  | Q201 |  | [NAME] | Northeast |  | Assume remaining default service needs for their residential and commercial classes.  Term, 7/1/01-6/30/02.  Size, 2.5 MM Mwh.  [NAME] still undecided about how much of this load they want to lock in. |  |  |  | 15000
Project Silver Oak I |  | Q201 |  | Kroll/Pagan | Northeast |  | Green Power Initiative:  26MW Fuel Cell Farms in Connecticut (Project also serves to begin vesting of warrants purchased in 2000-warrant/equity MTM not included here) |  |  |  | 9000 |  |  |  | We build fuel cell farms in Connecticut with state money (fuel cell=put fuel in and electricity comes out); no emissions; value decreased from $16M because we're doing half the original size; 50% probability
New Hampshire Elec Coop |  | Q201 |  | [NAME] | Northeast |  | Assume their all requirements load.  Term, 06/01 - 09/02.  Size, 150 W peak, 850,000 MWh.  Submitted proposal 3/23. |  |  |  | 5500
 |  |  |  |  | Northeast Total
2Q01 TOTAL
TECO |  | Q301 |  | [NAME] | Generation Investments |  | Mezzanine Financing for Fronterra project |  |  |  | 10000
North American Geo Power |  | Q301 |  | [NAME] | Generation Investments |  | Mezzanine Financing |  |  |  | 5000
Edison Mission Energy |  | Q301 |  | [NAME] | Generation Investments |  | Mezzanine Financing for Homer City project |  |  |  | 5000
3Q01 TOTAL
Alamac |  | Q401 |  | Kroll | Southeast |  | Enron enters into an asset management agreement and an agency agreement to permanently sell the interests of the LLC on a percentage basis |  | 0.7 |  | 8000 |  |  |  | Purchase 2 35 MW coal-fired generators for $3.5M and sell to third party for $20-25M
4Q01 TOTAL
TOTAL DEALS
Alamac |  | Q101 |  | Kroll | Southeast |  | Enron sells its interest in North Carolina Power Holdings |  | 0.7 |  | 8000 |  |  |  | Purchase 2 35 MW coal-fired generators for $3.5M and sell to third party for $20-25M
Central Maine Power |  | Q101 |  | Llorda/Wood | Northeast |  | Standard offer; Taking over the utilities' obligation to supply power to their customers |  |  |  | 5000 |  |  |  | Due to deregulation, customers can choose who to service them and we are supplying power in the interim because the utility's generations are not working; 75% prob, 1-4 yr deal
Nstar |  | Q101 |  | [NAME] | Northeast |  | Serve 25% of their default needs for residential class |  |  |  | 3000
Intergen |  | Q101 |  | Mitro/Booth/Walker | Development |  | Sale of Turbines |  |  |  | 2509
43 Deals |  | Q101 |  | Various | Various |  | Deals < $1M each
Doyle |  | Q101 |  | Tapscott | Development |  | Settlement payment with [NAME] |  |  |  | 1300
Intergen |  | Q101 |  | Mitro/Booth/Walker | Development |  | Adjustment to the gain for Intergen based on transfer price allocation |  |  |  | 1000
CRRA |  | Q101 |  | Berstein | Northeast |  | Back-to-back commodity with $225M prepay
Xcel |  | Q101 |  | Baughman | Midwest |  | Enron sells 100 MW capacity |  |  |  | 600
Exelon |  | Q101 |  | Hammond | Northeast |  | Load shape/load following to West Hub |  |  |  | 500
Northwestern |  | Q101 |  | Booth | Development |  | Exclusivity fee on the GE 7EAs of $1M with a 50% split with West Origination |  |  |  | 500
Doyle |  | Q101 |  | Tapscott | Development |  | Reversal of 2000 Doyle Loss |  |  |  | 384
Structuring Fees |  | Q101 |  | [NAME] | Development |  | Structuring Fees |  |  |  | -250
East Coast Power |  | Q101 |  | [NAME] | Generation Investment |  | El Paso receivable monetization |  |  |  | 5535
Q1 COMPLETED DEALS
Morgan Stanley |  | Q201 |  | Braddock | Southeast |  | ENA to buy 25MW at Fla./Ga. Border and sell 50MW into SOCO.  All firm LD, 5X16, Jul-Aug |  |  |  | 100
Morgan Stanley |  | Q201 |  | Braddock | Southeast |  | ENA to buy 25 MW at Fla./Ga. Border.  All firm LD, 5X16, June '01 |  |  |  | 20
 |  |  |  |  | Southeast Total
Montana Power |  | Q201 |  | Mitro/Booth | Development |  | Exclusivity consideration for the Westinghouse 501D5A.  Total deal value was $200k with a 50/50 split with West Orig |  |  |  | 100
Structuring Fees |  | Q201 |  | [NAME] | Development |  | Quarterly structuring fees associated with off balance sheet assets |  |  |  | -250
 |  |  |  |  | Development Total
[NAME] |  | Q201 |  | Clynes | Midwest |  | Buy 100 MW 5x16 |  |  |  | 134
[NAME] |  | Q201 |  | Clynes | Midwest |  | Buy 200 MW hourly call option, 2x24 |  |  |  | 134
[NAME] |  | Q201 |  | Clynes | Midwest |  | Sell 150 MW hourly call option, 5x16 |  |  |  | 134
[NAME] |  | Q201 |  | Clynes/ Sewell | Midwest |  | Sell 50 MW capacity |  |  |  | 33
Axia |  | Q201 |  | [NAME] | Midwest |  | Buy/Sell 100 MW, 5X16 into [NAME] |  |  |  | 18
EES Inc. |  | Q201 |  | [NAME] | Midwest |  | Sell 7 MW, 7X24 into Duquesne |  |  |  | 13
SIGE |  | Q201 |  | [NAME] | Midwest |  | Pending [NAME] |  |  |  | 11
[NAME] |  | Q201 |  | Sewell | Midwest |  | Buy 50 MW, 5X16 |  |  |  | 4
El Paso |  | Q201 |  | [NAME] | Midwest |  | Pending [NAME] |  |  |  | 0 |  |  |  |  | Deal value was one hundred dollars
 |  |  |  |  | Midwest Total
[NAME]
TOTAL COMPLETED DEALS
Dighton |  | Q201 |  | [NAME] | Development |  | Electric & Gas L-T tolling contract, restructuring contract |  |  |  | 10000