1. October 2000
Confidential & Proprietary
Sales Points
Gleason Overview

2. Gleason Overview
Overview Sales Points
This slide provides a high level overview of the key facts pertaining to the Gleason Plant
The Gleason Plant uses 3 Westinghouse F Technology Gas Turbines currently configured for simple cycle operations
The Gleason Plant’s location was selected because it could interconnect directly to the interstate gas pipeline grid through ANR and the TVA 500 kV power grid
The Facility became commercially operational in June of 2000

3. Facility Strengths Sales Point
Gleason Overview
Facility Strengths Sales Point
The Facilitys should maintain first mover advantage because of the time required to obtain an interconnect agreement for new build projects within TVA
As previously stated, Gleason’s strategic position on both gas and power grids, coupled with the plant’s quick start capabilities, should enable the successful bidder to capitalize on gas versus power arbitrage opportunities on a real time basis.
This arbitrage opportunity could be further enhanced through future conversion to combined cycle.
SERC has estimated load growth within region projected to average approximately 3% per year over the next 3 years

4. Plant Picture Sales Points
Gleason Overview
Plant Picture Sales Points
This photograph provides an aerial overview of the power island, switchyard, water storage facility and control room

5. Regional Overview Sales Points
Gleason Overview
Regional Overview Sales Points
The map locates the Gleason Plant in relation to TVA’s entire system

6. Power Market Opportunities Sales Points
Gleason Overview
Power Market Opportunities Sales Points
The Gleason Plants strategic location on the gas and power grids provides exceptional reach and access to most of the Eastern interconnect within two utility wheels.

7. Equipment Overview Sales Points
Gleason Overview
Equipment Overview Sales Points
The Gleason plant utilizes only Westinghouse F Technology gas turbines. The FD model gas turbines incorporate the new Westinghouse G series compressor. All the gas turbines have commonality of turbine parts and control systems. The (2) FD’s seasonal performance stays essentially constant through all temperature ranges due to the upgraded G type compressor.
The switchyard is a highly reliable four breaker ring bus configuration. All transformers and high voltage switch gear were provided by ABB and are rated to handle turbine output across all operational temperature ranges.
Plant distribution voltages of both 4160 and 480 volts provide enhanced reliability because the Gleason Plant can serve in-house loads either through back-feed power from the TVA 500 kV interconnect, or, if transformer or switchyard maintenance is occurring, through a 480 Volt connection to the local retail provider.

8. Plant Layout Sales Points
Gleason Overview
Plant Layout Sales Points
This is the site layout drawing helps to illustrate that there is room available on the existing site for adding additional gas turbines and/or for converting the plant to combined cycle

9. Performance Results Sales Points
Gleason Overview
Performance Results Sales Points
The following table shows both run hours and starts to date. Performance test results, corrected to nominal site conditions are also shown.

10. Power Interconnection Sales Points
Gleason Overview
Power Interconnection Sales Points
During the interconnect negotiations, TVA determined that the addition of the Gleason plant to its system would require an upgrade to its Shelby substation. Gleason Power I, LLC, the owner of the Gleason plant agreed to pay TVA the upgrade cost. The payment schedule for the Shelby upgrade is included in the due diligence files.
Gleason Power I will be reimbursed for the upgrade costs by receiving transmission credits from TVA in the amount of the upgrade
An increase in transmission use, including that associated with a combined cycle conversion, would accelerate the recoupment of upgrade costs.
In the event that the Gleason plant does not utilize all of its transmission credits by December 31, 2009, TVA will refund the remaining balance, to Gleason Power I, LLC.

11. Gleason Gas Sales Points
Gleason Overview
Gleason Gas Sales Points
$0.11 is 10% of ANR tariff Max. Rate for ITS-3 transport service
Balancing charge is approx. 7% of the ANR tariff Max Rate
Rates for both transport and balancing are locked in for 10 years, with no contract price re-openers
As more gas-fired generation comes on to the system. More likely to see upwards versus downward transport rate pressure - makes these contracts potentially more valuable
No minimum volume commitment
No exclusivity
Can buy delivered to plant producer from other market participants
There are 3 mainlines near plant, with the plant interconnected to two of the lines, this provides some backup redundancy
Option to buy firm 80,000 MMBtu/day from Chicago for backhaul purposes, which is good till June 1, 2001 or 45 days after written notice received stating that ANR’s Supply Link project received final approved and is moving forward

12. Plant Location Sales Points
Gleason Overview
Plant Location Sales Points
This map illustrates the Gleason plant’s location relative to the gas and power grids

13. Control Area Status Sales Points
Gleason Overview
Control Area Status Sales Points
An Enron affiliate currently operates a generation only control area around the Gleason Plant. The Gleason plant will retain the plant specific equipment necessary for the successful bidder to re-establish its own control area, if it so chooses. However, the interconnect agreement allows for full operation of the Gleason plant without control area status

14. Expansion/Conversion Opportunity Sales Points
Gleason Overview
Expansion/Conversion Opportunity Sales Points
The Gleason Plant was layed out, designed and constructed to facilitate a future combined cycle conversion. All underground pipe runs were designed and installed to eliminate interferences caused by a combined cycle conversion.
The robust aquifer should provide sufficient raw water supply to support combined cycle operations.

15. Environmental Specifications Sales Points
Gleason Overview
Environmental Specifications Sales Points
915 run hours enable the Gleason Plant to operate a 5 x 16 run schedule from Mid June to early September and still remain within permit limits. This provides coverage for virtually the entire summer peak operating season.

16. Operating Costs Sales Points
Gleason Overview
Operating Costs Sales Points
The simple cycle configuration of the Gleason plant provides for relatively low non-fuel operating costs. Further details on operating costs are provided in the due diligence files.

17. Organizational Chart Sales Points
Gleason Overview
Organizational Chart Sales Points
The Gleason plant is currently operated by OEC, a wholly owned, indirect subsidiary of Enron Corp.
It is anticipated that prospective purchasers will elect to provide for their own plant operations services
Gleason employees are currently OEC employees
Arrangement for transfer of the plant employees to the successful bidder may be considered as part of the overall transaction

18. Legal Structure Sales Points
Gleason Overview
Legal Structure Sales Points
Gleason Power I, L.L.C. entered into the lease with the Industrial Development Board to mitigate and lock in property tax rates for the Gleason Plant.
Gleason Power I, L.L.C. can “buy back” the plant for a nominal cost which eliminates residual value risk
Details of the property tax agreement and payments are included in the due diligence files
While purchaser is acquiring the equity of the L.L.C., the purchaser should be able to step-up its basis in both accounting and tax purposes.

19. Wheatland Overview Sales Points October 2000
Confidential & Proprietary
Sales Points
Wheatland Overview

20. Wheatland Overview
Overview Sales Points
This slide provides a high level overview of key facts pertaining to the Wheatland Plant
The Wheatland Plant uses 4 Westinghouse 501 D5A Gas Turbines currently configured for simple cycle operations
The Wheatland Plant’s location was selected because it could interconnect directly to the interstate gas pipeline grid through Midwestern and a dual 345 kV interconnect with IPL and Cinergy
The Facility became commercially operational in June of 2000

21. Facility Strengths Sales Points
Wheatland Overview
Facility Strengths Sales Points
The Facility’s should maintain first mover advantage because of the time required to obtain an interconnect agreement for new build projects within ECAR
As previously stated, Wheatland’s strategic position on both gas and power grids, coupled with the quick start capabilities, should enable the successful bidder to capitalize on gas versus power arbitrage opportunities on a real time basis.
This arbitrage opportunity could be further enhanced through future conversion to combined cycle.
ECAR has estimated load growth within region at a average of 3% per year

22. Plant Picture Sales Points
Wheatland Overview
Plant Picture Sales Points
This photograph provides a ground level of the power island, exhaust stacks and turbine inlets.

23. Regional Overview Sales Points
Wheatland Overview
Regional Overview Sales Points
Map locates the Wheatland Plant in relation to the entire ECAR NERC region.

24. Power Market Opportunities Sales Points
Wheatland Overview
Power Market Opportunities Sales Points
The Wheatland Plants strategic location on the gas and power grids provides exceptional reach and access to most of the Eastern interconnect within two utility wheels away

25. Equipment Overview Sales Points
Wheatland Overview
Equipment Overview Sales Points
The Wheatland plant utilizes (4) Westinghouse 501 D5A gas turbines.
The switchyard is configured in a highly reliable dual four breaker ring bus. All transformers and high voltage switch gear was provided by ABB and is rated to handle turbine output across all operational temperature ranges.
Plant distribution voltages of both 4160 and 480 volts provide enhanced reliability because the Wheatland Plant can serve in-house loads either through back-in power from the (2) 345 kV interconnects, or, its transformer or switchyard maintenance is occurring, through a 480 Volt connection to the local retail provider.

26. Plant Layout Sales Points
Wheatland Overview
Plant Layout Sales Points
This site layout drawing helps to illustrate that there is room available on the existing site for adding additional gas turbines and converting to combined cycle

27. Performance Results Sales Points
Wheatland Overview
Performance Results Sales Points
The following table shows both run hours and starts to date. Performance test results, corrected to nominal conditions are also shown.

28. Power Interconnection Sales Points
Wheatland Overview
Power Interconnection Sales Points
Dual interconnect provides additional transmission reliability. If transmission is unavailable on one system, it may be available through the alternate interconnect
Power output can be exported in three configurations: 100% to Cinergy, 0% to IPL, 50% to each of Cinergy and IPL or 0% to Cinergy and 100% to IPL. Switchyard is designed to prevent parallel flows occurring between Cinergy and IPL.
Output can be rescheduled and switched between either Cinergy or IPL in approximately 30 minutes with connections to both Cinergy and IPL
Transmission rate differentials between Cinergy or IPL can be evaluated to develop least cost path.

29. Gas Transportation Sales Points
Wheatland Overview
Gas Transportation Sales Points
Gas balancing is managed through an Operating Balancing Agreement, otherwise known as a OBA.
Transport and Balancing Agreements have an 8 year term at fixed rates, with no contract re-openers
Stair-step rates create a more favorable pricing structure, as gas volumes increase
Pipes provide bi-directional gas flows, can serve gas from Chicago markets or out of the Gulf Coast. Provides excellent liquidity and optionality to manage gas costs and firmness.
No exclusivity requirement
No minimum volume commitment
Backhaul fuel rate depends on whether gas is flowing South or North on any given day

30. Plant Location Sales Points
Wheatland Overview
Plant Location Sales Points
This map provides a visual illustration of the Wheatland plant’s location relative to the gas and power grids

31. Control Area Status Sales Points
Wheatland Overview
Control Area Status Sales Points
An Enron affiliate currently operates a generation only control area around the Wheatland Plant. The Wheatland plant will retain the plant specific equipment necessary for the successful bidder to re-establish its own control area, if it so chooses. However, the interconnect agreement allows full operation of the Wheatland plant without control area status.
Benefits of re-establishing the control area could include:
Parking and Lending;
Scheduling day-ahead while supplying intra-day;
Firm transmission optionality

32. Expansion/Conversion Opportunity Sales Points
Wheatland Overview
Expansion/Conversion Opportunity Sales Points
The Wheatland Plant was layed out, designed and constructed to facilitate a future combined cycle conversion. All underground pipe runs were plotted to eliminate interferences caused by a combined cycle conversion.
The plant’s lake may provide sufficient raw water supply to support combined cycle operations, in addition, a back-up supply arrangement with the city of Bicknell could provide additional water if required

33. Environmental Specifications Sales Points
Wheatland Overview
Environmental Specifications Sales Points
902 run hours enable the Wheatland Plant to operate a 5 x 16 run schedule from Mid June to early September and still remain within permit limits. This provides coverage for virtually the entire summer operating season.

34. Operating Costs Sales Points
Wheatland Overview
Operating Costs Sales Points
The simple cycle configuration of the Wheatland plant provides for relatively low non-fuel operating costs. Further details on operating costs are provided in the due diligence files

35. Organizational Chart Sales Points
Wheatland Overview
Organizational Chart Sales Points
The Wheatland plant is currently operated by OEC, a wholly owned, indirect subsidiary of Enron Corp.
It is anticipated that prospective purchasers will elect to provide for their own plant operations services
Wheatland employees are currently OEC employees
Arrangement for transfer of the plant employees to the successful bidder may be considered as part of the overall transaction

36. Legal Structure Sales Points
Wheatland Overview
Legal Structure Sales Points
The purchaser of the Wheatland plant will be acquiring two different LLC’s. One LLC, West Fork Land Development Company, a fee simple owner in the plant. The other LLC is the Lake Acquisition Company, which owns the lake, located adjacent to the plant.
While purchaser is acquiring the equity of the L.L.C., the purchaser should be able to step-up its basis in both accounting and tax purposes.

37. Lincoln Energy Center Overview
October 2000
Confidential & Proprietary
Sales Points
Lincoln Energy Center Overview

38. Lincoln Energy Center Overview
Overview Sales Point
This slide provides a high level overview of key facts pertaining to the Lincoln Energy Center Plant
The Lincoln Energy Center Plant uses 8 General Electric 7 EA Gas Turbines currently configured for simple cycle operations
The Lincoln Energy Center Plant’s location was selected because it could interconnect directly to the interstate gas pipeline grid through Northern Border Pipeline and the electric grid at ComEd’s Wilton Center substation at ComEd.
The Facility became commercially operational in June of 2000

39. Facility Strengths Sales Points
Lincoln Energy Center Overview
Facility Strengths Sales Points
The Facility should maintain first mover advantage because of the time and increasing difficulty of developing power projects in Northern Illinois.
As previously stated, Lincoln Energy Center’s strategic position on both gas and power grids, coupled with the quick start capabilities, should enable the successful bidder to capitalize on gas versus power arbitrage opportunities on a real time basis.
MAIN has estimated load growth within region at a average of 3% per year

40. Plant Picture Sales Points
Lincoln Energy Center Overview
Plant Picture Sales Points
This photograph provides a ground level of the power island, exhaust stacks and turbine inlets and corn fields.

41. Regional Overview Sales Points
Lincoln Energy Center Overview
Regional Overview Sales Points
This map locates the Lincoln Energy Center Plant in relation to the MAIN NERC region

42. Power Market Opportunities Sales Points
Lincoln Energy Center Overview
Power Market Opportunities Sales Points
The Lincoln Energy Center Plants strategic location on the gas and power grids provides exceptional reach and access to most of the Eastern interconnect within two utility wheels away

43. Equipment Overview Sales Points
Lincoln Energy Center Overview
Equipment Overview Sales Points
The Lincoln Energy Center plant utilizes (8) General Electric 7EA Gas Turbines.
The switchyard is a radial configuration. All transformers and high voltage switch gear were provided by ABB and is rated to handle turbine output across all operational temperature ranges.
Plant distribution voltages of both 4160 and 480 volts provide enhanced reliability because the Lincoln Energy Center Plant can serve in-house loads either through back-in power from the ComEd substation, or, its transformer or switchyard maintenance is occurring, through a 480 Volt connection to the local retail provider.

44. Plant Layout Sales Points
Lincoln Energy Center Overview
Plant Layout Sales Points
This is the site layout drawing helps to demonstrate that there is room available on the existing site for adding an additional gas turbines and converting to combined cycle

45. Performance Results Sales Points
Lincoln Energy Center Overview
Performance Results Sales Points
The following table shows both run hours and starts to date. Performance test results, corrected to nominal conditions are also shown.

46. Power Interconnection Sales Points
Lincoln Energy Center Overview
Power Interconnection Sales Points
The plant’s strategic location at a major ComEd substation allows access to ComEd’s multiple 345 kV systems’ and ComEd’s portion of the ComEd-AEP 765 kV system.
One wheel service from AEP allows access to most of the Eastern Interconnect
The plant is located physically and electrically close to the large Chicago load center.

47. Gas Transportation Sales Points
Lincoln Energy Center Overview
Gas Transportation Sales Points
Balancing is directly provided on Northern Border Pipelines through an Operational Balancing Agreement, or OBA
OBA - Has term of two years which is maximum term that Northern Border contracts for.
Transport and Storage Agreements with ANR provide back-up balancing capability, through displacements with Northern Border
IPLS rate with ANR is very favorable at $.03/dth/day
Back-up contract ends in October
Have IT agreement with NBPL of $.04/dth/day

48. Plant Location Sales Points
Lincoln Energy Center Overview
Plant Location Sales Points
This map provides a visual illustration of the Lincoln Energy Center plant’s location relative to the gas and power grids.

49. Control Area Status Sales Points
Lincoln Energy Center Overview
Control Area Status Sales Points
An Enron affiliate currently operates a generation only control area around the Lincoln Energy Center Plant. The Lincoln Energy Center plant will retain the equipment necessary for the successful bidder to re-establish its own control area, if it so chooses. However, the interconnect agreement allows full operation of the Lincoln Energy Center plant without control area status.

50. Expansion/Conversion Opportunity Sales Points
Lincoln Energy Center Overview
Expansion/Conversion Opportunity Sales Points
The Lincoln Energy Center Plant was layed out, designed and constructed to facilitate a future combined cycle conversion. All underground pipe runs were plotted to eliminate interferences caused by a combined cycle conversion.

51. ComEd Contract Terms Sales Points
Lincoln Energy Center Overview
ComEd Contract Terms Sales Points
All energy is provided as “unit contingent”
All transmission is the responsibility of ComEd
More details can be obtained from the contract which is included with the due diligence materials.

52. Environmental Specifications Sales Points
Lincoln Energy Center Overview
Environmental Specifications Sales Points
3,250 run hours enable the Lincoln Energy Center Plant to operate a 5 x 16 run schedule throughout much of the year
Lincoln Energy Center has sufficient run hours to operate through 75% of annual or peak hours

53. Operating Costs Sales Points
Lincoln Energy Center Overview
Operating Costs Sales Points
The simple cycle configuration of the Lincoln Energy Center plant provides for relatively low non-fuel operating costs. Further details on operating costs are provided in the due diligence files

54. Organizational Chart Sales Points
Lincoln Energy Center Overview
Organizational Chart Sales Points
The Lincoln Energy Center plant is currently operated by OEC, a wholly owned, indirect subsidiary of Enron Corp.
It is anticipated that prospective purchasers will elect to provide for their own plant operations services
Lincoln Energy Center employees are currently OEC employees
Arrangement for transfer of the plant employees to the successful bidder may be considered as part of the overall transaction

55. Legal Structure Sales Points
Lincoln Energy Center Overview
Legal Structure Sales Points
The purchaser of the Lincoln Energy Center plant will be acquiring two different LLC’s. One LLC, Des Plaines Green Land Development LLC, a fee simple owner in the plant. The other LLC is the Energy Finance Company. Des Plaines and EFC have entered into a equipment sale agreement.
While purchaser is acquiring the equity of the L.L.C., the purchaser should be able to step-up its basis in both accounting and tax purposes.