1. Enron North America Corp. Back-office Systems

2. ENA STRENGTHS
EPMI is the largest power marketer in the country, trading over ,000,000 MWh in 1999
Enron rates “Most Innovative” by Fortune magazine four years in a row
ENA’s trading and marketing expertise extends into gas, power, coal, liquids, emissions credits, pulp and paper, transportation and transmission, and numerous energy intensive products.

3. DEAL FLOW EnPower System Unify System Global Contract System/Legal
Deal Confirmation/
Contracts
1 person*
Trade Information
EnPower System
Electronic Trade Blotter
Customer
Trade
Trader
Credit System
Credit Monitoring
Trade Information
Positions & P&L Reports
Risk Management
(Valuation/Daily P&L)
3 people*
Invoicing/
Collections/
Payments
Trade Information
Market Data
Weather Data
Financial Data
Scheduler
2 people*
Portfolio Data
Customer Data
Unify System
2 people*
OASIS/Tagging/Check-Out
Control
Area(s)
Schedule Path
Billing/Payments
*Additional head counts

4. 24 HOUR TRADING Hourly Trading of Commodity and Ancillary Services
OASIS Transmission Scheduling, Tagging, Schedule Check-Out, and Schedule Monitoring
Extensive Trading Network of Enron Affiliates in Portland, Calgary, and Houston
Utilizes Extensive Network of Information with Weather, 24-Hour Monitoring of OASIS, and Active Participation in the NYPP and ECAR Regions
24-Hour Traders Managing Customer Portfolio Have Access to this Vast Network

5. SCHEDULING Seven-Day-a-Week Scheduling of Power Transactions
Pathing, OASIS Transmission Scheduling, Tagging, Schedule Check-Out, and Schedule Optimization
Experienced in Specialized ISO Scheduling
Utilizes State-of-the-Art Information Technology and Telecommunications System
Schedulers Currently Manage EPMI, the Largest Wholesaler of Power in North America

6. DEAL CLEARING
Prepares Customer Confirmations, Customer Contracts, Performs Broker Check-Outs, Interfaces with Credit/Legal, and Reviews Deal Integrity
EnPower System Allows for Automated Confirmation Preparation and Auto-Faxing to Expedite Customer Service
Nightly Check-Out and Reconciliation of all Deals Executed
Experienced in well over 150,000 Deals

7. RISK MANAGEMENT Calculates Daily Profit & Loss of Portfolio
Reconciles New Deals and Portfolio Changes
Independent Verification of Commodity, Volatility Curves
Fully Automated, EnPower System
System Provides Flexible Reporting Tools
On-Line Reporting of Plant Supply and Generation Flows

8. SETTLEMENTS Daily Check-Out with Counterparties
Fully Automated Unify System
Reconciliation of Invoicing/Payment to General Ledger System
Automated Aging of Accounts
Cash Management

9. SUPPORT STRUCTURE SUMMARY
Employee
Estimate 1 6 2 3
Expense
Estimate
$ 125,085
$ 787,710
$ 250,170
$ 375,255
$8,086,525
$10,000,000
Function
Commercial Trading
24 Hour Trading
Scheduling
Deal Clearing
Portfolio Reporting
Settlements
Proprietary Systems
Responsibilities
Forward Trading
Primary Contact for Maintenance Planning
Hourly Trading; Control Area Check-Out
Pathing; Scheduling; OASIS Scheduling; Tags;
Reconciliation Contact
Contract/Confirmation Preparation and Tracking;
Point of Contact with Legal and Credit
Nightly Portfolio Calculation;
Positions Reporting and Ad Hoc Reporting
Customer Check-Out; Invoice Preparation; Invoice
Payment and Accounting; Cash Management
EnPower Position and P&L System
Unify Accounting and Reporting System
Global Contract System

10. Power Volumes and % Growth