Updates

Here is an update on ongoing activities to get liquid.

Metals Inventory: $70mm was sold early. I have a call into Anne on status update.
Hanover: Shares were sold via Bear Stearns on 10/31. Net proceeds to Enron of $106mm has been received.
SO2 Inventory: $151mm of inventory was financed with $60mm collateral posted. Matures in 10 months.
Copel Shares:Sold for $19mm on 11/2.
El Paso Swaps:El Paso had rejected notion of Master Netting as not legally sound or tested. Ward and Duran in talks to settle NYMEX swaps with Tenaska.
Pledge of Contracts: No legally sound structure to provide bankruptcy remoteness.
NUI Receivable: Banks not willing to discuss financing the payment. I have a call into Eric Moon to identify if they are willing to prepay at a discount.
Kevin Cline: Not interested in prepaying.
Receivables Securitization: Having to restructure deal due to credit status. Preference issues et al. No definitive answer from lenders coming out of bank meeting on timing or willingness.
Catalytica: Sold for $6.7mm on 11/14.
Qwest Note: Deal verbally agreed to Wednesday. $60mm approx to Enron after netting Enron payables to Qwest. Awaiting written confirmation. Might happen by end of week.
Peoples Gas Inventory: I understand Peoples will not touch the contract.
New Surety Capacity: Sureties are out.
TXU Contract: London running this issue.
TEAC Muni Prepay: Not going to happen.
Linder: Sold for $9.4mm on 11/13.
Crown Energy: Sold for $263,000 on 11/2.
Venoco: Attempting to sell for $30mm. $11.25mm for Enron's share of JEDI and $7.5mm to Whitewing.