Invoices

Deal Counter party Sitara Contract
Comment
942720 California Energy Hub, SOCAL 96063621
this is an exchange deal. California Energy Hub is not listed on the Master Letter Log. Socal is but there are no contract numbers listed. The hedge on this deal was killed in Sitara on 1/8/02. The March invoice is for demand charges of $.10 x 310,000 dth per day, which may be incorrect. Its possible that the volume should be 310,000 dth per MONTH.

773141 Central Illinois Light Company 96000389
No changes made to Sitara ticket since 5/4/01. Per Master Letter Log - ENA cancelled the financial agreement due to Central's failure to pay. No reference is made to the physical deal. Per Sitara - this deal has a min and max volume. The March invoice is for demand charges of $.425 x 10,000 dth per day.

889014 Colorado Spring Utilities 96062701
No changes made to Sitara ticket since 6/29/01. Per Master Letter Log - only activity with EPMI is listed, no mention of any contracts with ENA. The March invoice is for demand charges of $7,200.00 per month.

22109 Consolidated Edison Company of New York 96000908
Long term sale to ConEd on Tennessee pipeline. Not listed on the Master Letter Log. Per Sitara - the hedge in Sitara was killed on 11/26/01. The March invoice is for demand charges of $101,339.35 which is a percentage of the Tenn Z1 and Z0 indexes.

1161432 Superior Natural Gas Company 96052897
Not listed on the Master Letter Log. Per Sitara - hedge in Sitara was killed on 12/12/01. This is a sale to Superior with a NYMX trigger, the trigger was entered in Sitara on 11/6/01 at 14:32 and the trigger price was $3.05. The March invoice is for the difference between the trigger price of $3.05 and Nx1 for March $2.388 = $.662 x 10,000 dth per day x 31 days.

1201382 TXU Fuel Company 96096343
This deal probably should not be in Sitara. Its related to sales made by the Ponderosa Pine Energy Partners, Ltd. to TXU. This activity used to handled by the Texas Desk. If Feb 2002, it was decided that all activity should flow through the partnership instead of ENA. I took all prices on this deal to 0.