1. Financials

2. Financial Summary (`000 $) 2001 2002 2003 2004 2005
MW (Yr 2000: 6,865MW): , , , , ,444
Net Income: , , , , ,721
EPS ($):
CAGR: % % % %
Market Cap: 2,090, ,306, ,889, ,750, ,085,038
P/E: x x x x x
Number of 50,000, ,000, ,000, ,000, ,000,000
Outstanding Shares

3. Valuation Summary
(`000 $)

4. 5 Year Pro-forma
(`000 $)

5. Debt Financing
(`000 $)

6. Funding for Development Projects
Sources & Uses
(`000 $)
Sources
Total Equity: 2,090,907
Bond Proceeds: 2,148,251
Total: 4,239,158
Uses
Enron: 1,312,000
FPL: 2,927,158
Total: 4,239,158
Funding for Development Projects
Beginning of Year
Capital Expenditure: 187,725 1,531,750 2,212,500 1,650,000 1,650,000
Less Cash Generated: , , , ,102
Less Project Debt Proceeds: 111, ,700 1,327, , ,000
Net Capital Needs: 74, , , , ,898 (Total: 1,727,663)