Spreadsheet: stacey_white__38824__Updates 12-20
Sheet: Termination

 | Events of Default/Termination
 | UPDATES TO PREVIOUSLY RECEIVED NOTICES
 | As of December 20, 2001
Term | Counterparty | Attorney Assigned | Enron Entity | Amount (if applicable) | Early Termination Date | Nature of Default (if any) | Contract Type(s) | Comments | Margin (Posted by Enron/Posted to Enron)
Y | Duke Energy Field Services Marketing, LLC |  | ENA | 185500 | 2001-12-03 00:00:00 | bankruptcy | Swap Confirmations listed on attached schedule | 12/19 ltr calculates amount due
Y | Duke Energy NGL Services, L.P. |  | ENA | $1,457,698.78 due to ENA | 2001-12-03 00:00:00 | bankruptcy | Swap Confirmations listed on attached schedule | 12/19 ltr calculates amount due
Y | Houston Energy Services Company, L.L.C. |  | ENA |  | 2001-12-22 00:00:00 | bankruptcy | Base Contract for Short Term Sale and Purchase of Natural Gas (03/22/2001) | 12/19 ltr states agreement is terminated as of 12/22; 12/03 ltr states that 11/30 ltr of termination has been determined ineffective and HESCO will take steps to schedule delivery
Y | [NAME], Inc. | [NAME] | ENA |  | 2001-11-28 00:00:00 | cross default | Coal Purchase Agreement (03/22/1999) | 12/17 ltr - Massey received our letter disputing termination of agreement, [NAME] believes termination is correct and considers the agreement terminated as of 11/28
Y | Mieco Inc. |  | ENA | 2960244.31 | 2001-12-13 00:00:00 | bankruptcy | ISDA (02/01/2000) | will exercise rights of setoff | 3000000
 | Navios Corporation |  | ECTRIC | 786966.67 | 2001-12-19 00:00:00 | failure to make payment | Forward Freight Agreements (swaps) | 12/20 ltr calculates amount due; Navios will calculate settlement amount
Y | Proctor & Gamble Company, The |  | ENA | $3,224 due to ENA | 2001-12-03 00:00:00 | misrepresentations, MAC, insolvency, bankruptcy | ISDA (07/31/2001) | 12/19 ltr calculates amount due; P&G will provide a statement of amounts due
 | Statoil ASA |  | ECTRIC | 1032.31 | 2001-12-10 00:00:00 | failure of payment for invoices due 12/07/2001; filing of bankruptcy; downgrade of credit rating | ? | 12/19 ltr - Statoil has calculated amount due, which has been setoff against amounts due to/from Statoil Singapore and Statoil Marketing & Trading (US) Inc.; Statoil will terminate all Transactions with ECTRIC.  Statoil ASA will provide ECTRIC with a termination calculation statement.
Y | AES NewEnergy, Inc. |  | ENA | $5,986,623.40 or $5,460,586.65 | 2001-12-18 00:00:00 | bankruptcy | financial confirmations (schedule attached) | Received two letters dated 12/19 that calculate the amount due, each letter is exactly the same but contains a different amount for the Termination Payment
The following were previously on the Master List and have now been marked as "Y":
Y | Apache Crude Oil Marketing, Inc. | [NAME] | ERAC |  | 2001-11-29 00:00:00 |  | Nov. 2001 Crude Oil Sales | [NAME] (ERAC) and [NAME] (Apache) agreed to cancel the contract
Y | Belco Energy Corp. | [NAME] | Enron Reserve Acquistion Corp. |  | 2001-11-29 00:00:00 | rating downgrade | ERAC Contract Nos. VK9438.1, VO4347.1, VH3557.1, [NAME], AND Y40057.1 (crude oil & condensate)
Y | Cincinnati Gas & Electric Company | [NAME] | ENA |  |  | failure to deliver coal, bankruptcy | Coal Supply Agreement (01/01/2000) | If ENA fails to perform by 12/10, CG&EC will exercise its rights
Y | Credit Lyonnais Rouse Derivatives |  | ENA |  | 2001-12-07 00:00:00 | Events of Default | financial confirmation and ISDA with NY Branch (10/30/1998) | Under the ISDA Master Agreement CLRD will determine the net amount due
Y | E.I. DuPont de Nemours and Company | [NAME] | Enron Petrochemicals Company |  | 2001-12-31 00:00:00 | contract terminates on 12/31/2001 | Purchase Agreement [NAME] (01/26/1999) and [NAME] (11/06/2001) | Enron terminated 01/26/99 deal, no agreement for delivery of distillage to Enron beyond 12/31/2001 (date contract terminates)
Y | Ecofuel S.p.A. | [NAME] | Enron Clean Fuels Company |  | 2001-11-29 00:00:00 |  | Enron Contract No. Y89581.1 | As agreed between [NAME] and [NAME] on 11/28, contract is canceled
Y | Ecopetrol (Empresa Colombiana de Petroleos) | [NAME] | Enron Capital & Trade Global Resources Corporation |  | 2001-12-01 00:00:00 | insolvency, failure to provide performance assurance | 2001-10-25 00:00:00 | if adequate assurance not received by 11 pm on 12/01, contract is deemed to be terminated
Y | Energy Service Providers L.L.P. | [NAME] | Enron Gas Liquids, Inc. |  | 2001-12-04 00:00:00 | failure to deliver product | Contract Nos. Y73164.1 and Y73223.1
Y | ExxonMobil Chemical Company | [NAME] | Enron Petrochemicals Company |  | 2001-12-10 00:00:00 |  | [NAME] (11/13/2001) | if requested advance cash payment not confirmed by 12/10, agreement terminates
Y | ExxonMobil Corporation | [NAME] | Enron Reserve Acquistion Corp. |  | 2001-11-28 00:00:00 | failure to provide performance assurance | [NAME], 6026FT/3011000, 6010DT
Y | ExxonMobil Gas Marketing Company | [NAME] | Enron Gas Liquids, Inc. |  | 2002-01-01 00:00:00 |  | ExxonMobil Contract No. EGL233
Y | Ferrell International Limited | [NAME] | Enron Gas Liquids, Inc. |  | 2001-12-14 00:00:00 | bankruptcy | EGLI contract no. YC2857.1 and one other; EGLI contract no. [NAME]; EGLI contract no. YJ7840.1 | Ferrell will calculate termination payment
Y (disagree with termination amount) | Formosa Plastics Corporation, U.S.A. | [NAME] | Enron Liquid Fuels, Inc. | 14700000 | 2001-12-12 00:00:00 | failure to nominate firm allocation for month of Jan. 2002 | Master Plastics Purchase and Sale Agreement (09/27/2001) | Formosa requests payment of amount due for liquidated damages be paid within 10 days
Y | Genesis Crude Oil | [NAME] | ENA |  | 2001-11-30 00:00:00 | Mutual Agreement | Gensis Contract 9254 and 9255 | Attached Crude Oil Cancellation Agreement
Y | Genesis Crude Oil, L.P. | [NAME] | ERAC |  | 2001-12-01 00:00:00 |  | Contract No. VL7581.1 | notified by General Land Office that deliveries to ERAC have been terminated, which makes contract void
Y | Goldman Sachs International |  | ECT Investments |  | 2001-12-03 00:00:00 | Insolvency | Overseas Securities Lender Agreement (03/24/2000)
Y | Goldman Sachs International |  | ENA |  | 2001-12-03 00:00:00 | Insolvency | Credit Agreement (03/24/2000)
Y | Gulfstream Trading Ltd. | [NAME] | Enron Gas Liquids, Inc. |  | 2001-11-30 00:00:00 | UCC 2-609 | 9 contracts (gas, propane) | requests a termination of the LC with BNP Paribas
Y | [NAME], Inc. |  | ENA |  | 30 days after 11/29/2001 |  | Contract # 96029658 | effective 01/01, will no longer sell gas to ENA
Y | Navajo Crude Oil Marketing Company | [NAME] | Enron Reserve Acquistion Corp. |  | 2001-12-01 00:00:00 | failure to provide performance assurance | Howard Glasscock Exchange Contract #YD2502.1
Y | New York Power Authority |  | Enron Gas Marketing, Inc. |  | 2001-12-14 00:00:00 | Triggering Event | Revised and Restated Gas Bank Sales Agreement
Y | Noble Trading, Inc. | [NAME] | Enron Reserve Acquistion Corp. |  | 2001-11-30 00:00:00 | inability to pay debts | Crude Oil Purchase Confirmation
Y | Plains Marketing, L.P. | [NAME] | Enron Gas Liquids, Inc. |  | 2001-12-01 00:00:00 | failure to deliver Nov. volumes; bankruptcy | 8 propane confirmations
Y | South Jersey Resources Group, LLC |  | ENA |  | 2001-12-04 00:00:00 | mispreresentations, cross default, bankruptcy, MAC | Enfolio Master Firm Purchase/Sale Agreement
Y | Southern California Gas Company |  | ENA |  | 2001-11-30 00:00:00 | failure to provide performance assurance, sect. 10 | Base Contract for Short Term Sale and Purchase of Natural Gas | also under Sect 3 of Master Netting Agreement
Y | Sunoco, Inc. | [NAME] | Enron Reserve Acquistion Corp. |  | 2001-11-30 00:00:00 | failure to provide performance assurance | ERAC Contract No. EX1309.1&2
Y | Tauber Oil Company | [NAME] | EGLI |  | 2001-11-30 00:00:00 | failure to deliver product | deal: YK9911.1
Y | Texas Eastern Transmission, LP |  | EGMI, LLC |  | 2001-12-01 00:00:00 | failure to satisfy credit criteria required | Enron Contract No. 600228
Y | Texas General Land Office | [NAME] | Enron Reserve Acquisition Corp. |  | 2001-11-30 00:00:00 | bankruptcy | Crude Oil Purchase Contract Nos. VL7580.1, V64966.1 and V64967.1
Y | [NAME] | [NAME] | ERAC |  | 2001-11-29 00:00:00 | failure to provide advance payment or security. | Texon contract CST3687
Y | Trafigura AG | [NAME] | EGLI |  | 2001-12-03 00:00:00 | failure to provide adequate assurances | GTC | Assurances or prepayment not received by 12/3 will result in termination.
Y | Trammochem | [NAME] | Enron Clean Fuels Company |  | 2001-12-10 00:00:00 | inability to meet obligations under contracts | ECFC Contract Nos. VV3130.1, VV3030.1, YG7240.1, YG9963.1, YH0167.1