Spreadsheet: mary_fischer__25604__06 2001BROWNCOVER LE HESTEN LLC
Sheet: Formal IS compared to Plan

ENRON ENERGY SERVICES, LLC
Combined Statement of Income
Unaudited/Proforma
( In thousands)
 |  |  |  | 1st Quarter |  |  |  | 2nd Quarter |  |  |  | 3rd Quarter |  |  |  | Nine Months Ended September, 30 |  |  |  | 4th Quarter |  |  |  | Total Year 1998 |  |  |  |  | Three Months Ended March , 31 |  |  |  |  | Check |  | Total Year 1998 |  | 4th |  | 1997 |  | Adjusted |  | Check
 |  |  |  | Actuals |  | Plan |  | Actuals |  | Plan |  | Actuals |  | Plan |  | Actuals |  | Plan |  | Estimate |  | Plan |  | Current Estimate |  | Plan |  |  | Actuals |  | Plan |  |  |  |  | Current Estimate |  | Current Estimate |  | PAJEs
 |  | Revenues
 |  | Commodity Revenues |  |  |  |  |  |  |  |  |  |  |  | 605500 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1070200
 |  | Investment Earnings |  | 15000 |  | 0 |  |  |  | 0 |  | -500 |  | 0 |  |  |  |  |  | 0 |  |  |  |  |  | 12000 |  |  | 15000 |  | 0 |  |  |  |  | 15000
 |  | Services and Other Revenues |  | 8016.5 |  | 10700 |  | -993 |  |  |  | 227213
 | Costs and Expenses
 |  | Cost of Sales |  |  |  | 255000 |  |  |  | 379100 |  |  |  | 583200 |  |  |  |  |  |  |  | 729900 |  | 943400 |  | 1947200 |  |  | 176279 |  | 278200 |  |  | -560000 |  | 2036710 |  | 943400 |  |  |  | 943400 |  | 0
 |  | General & Administrative Expense |  |  |  | 37100 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 40368 |  | 13900
 |  | Depreciation & Amortization Expense |  |  |  | 4200 |  |  |  |  |  |  |  | 4200 |  |  |  |  |  |  |  |  |  |  |  | 16800 |  |  | 4213 |  | 4200 |  |  |  |  | 16800 |  | 28200
 | Operating Loss
 |  | [NAME]
 |  | Gain/Loss on Sale of Assets
 |  | Other Deductions
 | Other Income and (Expenses) |  |  |  |  | 7500 |  |  |  | -3000 |  |  |  | -3000 |  |  |  |  |  |  |  |  |  |  |  | 0 |  |  |  |  | 7500 |  |  |  |  | 0 |  | -3500 |  | -2410
 |  | Investment Income (Loss)
 |  | Other Income
 | Loss Before Interest and Taxes
 | Interest Income (Expense) |  |  |  |  | 400 |  |  |  |  |  |  |  | -1800 |  |  |  |  |  |  |  |  |  |  |  | -4900 |  |  | -247 |  | 400 |  |  |  |  | -4900 |  | -5300 |  | 1916
 | Income Tax (Benefit) Provision
 |  | Current |  |  |  | -12800 |  |  |  |  |  |  |  | -10400 |  |  |  |  |  |  |  |  |  |  |  | -46100 |  |  | -18521 |  | -12800 |  |  |  |  | -56000 |  | -64100
 |  | Deferred |  |  |  | 4800 |  |  |  |  |  |  |  | 2700 |  |  |  |  |  |  |  |  |  |  |  | 8900 |  |  | 10678 |  | 4800 |  |  |  |  | 15800 |  | 25800 |  | -2326
 | Net Loss
 | Note:
 | Does not include any expense related to the Phantom Equity Plan
 |  | Adjustments to be made:
 |  | 1.  Adjust 1996 for $13.5 G&A deferral and related taxes
 |  | 2.  Adjust 1995 for RMS activity and related taxes
 |  | 3.  Adjust 1996 for Corporate Charges and related taxes (prior years corporate allocation considered immaterial)
 |  | 4.  Adjust all years I/C interest, taxes and debt for payment of I/C balances annually
 |  | Pending Items:
 |  | 1.  List of all journal entries and support for stand alone Financials
 |  | 2.  Detail Accounts Receivable and Accounts Payable
 |  | 3.  Find/prepare and review all amortization schedules
 |  | 4.  AA review