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GOVERNMENT
EXHIBIT
28707
Crim No. H 04-0025
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Wholesale Energy Operations and Services
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ENRON CORP.
Table 3b - Core Business Highlights
(Unaudited)
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Quarter Ended December 31, Year Ended December 31,
1999 1998 1999 1998
Wholesale Energy Operations and Services
(In Millions)
Commodity Sales and Services $ 159 $ 107 $ 636 $ 411
Energy Assets and Investments 145 140 846 709
Unallocated Expenses (37) (46) (161) (152)
IBIT $ 267 $ 201 $ 1,321 $ 968
Commodity Sales and Services
Physical Volumes (BBtue/d) (a)
Gas:
United States 10,219 7,941 8,982 7,418
Canada 4,406 4,101 4,398 3,486
Europe 1,604 1,605 1,549 1,243
Other 26 4 23 8
16,255 13,651 14,952 12,155
Transport Volumes 693 510 575 559
Total Gas Volumes 16,948 14,161 15,527 12,714
Oil 5,877 4,923 5,407 2,960
Liquids 947 586 753 610
Electricity (b) 10,134 8,609 10,699 11,024
Total Physical Volumes (BBtue/d) (a) 33,906 28,279 32,386 27,308
Electricity Volumes Marketed (Thousand MWh)
United States 86,666 78,969 378,930 401,843
Europe & Other 6,564 242 11,576 529
Total 93,230 79,211 390,506 402,372
Financial Settlements (Notional)(BBtue/d) 109,872 79,879 99,337 75,266
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(a) Includes third-party transactions of Enron Energy Services.
(b) Represents electricity transaction volumes marketed, converted to BBtue/d.
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Enron Corp.
Wholesale Buckets
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2000 by Quarter 1999 by Quarter 00-99 Comparison 99-98 comparison
Subcategory Description Year 4Q 9 mo 3Q 6 mo 2Q 1Q Year 4Q 3Q 2Q 1Q YTD Incr (Decr) 4Q Incr (Decr) 98 Year Incr (Decr)
GAS TRADING
NA Gas Trading Canada - Gas Trading 9.3 (27.5) 36.8 1.4 35.4 17.6 17.8 78.8 3.9 4.8 18.3 51.8 (69.5) (31.4) 55.7 23.1
NA Gas Trading Credit Reserve - Bloc Range - - - - - - - (33.0) (1.0) - (32.0) - 33.0 1.0 - (33.0)
NA Gas Trading US - Gas Trading 1,056.1 449.2 606.9 282.7 324.2 268.5 55.7 130.7 38.2 60.2 35.1 (2.8) 925.4 411.0 159.6 (28.9)
NA Other Trading Domestic Assets (HPL/LRC) (58.6) (26.8) (31.8) (29.6) (2.2) (5.4) 3.2 (4.2) 2.3 (2.5) (2.7) (1.3) (54.4) (29.1) (22.4) 18.2
NA Gas Trading Bridgeline equity earnings 7.0 4.1 2.9 (2.5) 5.4 3.4 2.0 - - - - - 7.0 4.1 - -
NA Gas Trading Gas Originations [A below] 39.9 15.1 24.8 8.6 16.2 7.4 8.8 104.0 15.5 25.4 30.7 32.4 (64.1) (0.4) 183.5 (79.5)
NA Trading Expenses Gas trading expenses (223.6) (80.5) (143.1) (58.5) (84.6) (50.7) (33.9) (175.6) (61.4) (45.8) (35.2) (33.2) (48.0) (19.1) (202.2) 26.6
NA 830.1 333.6 496.5 202.1 294.4 240.8 53.6 100.7 (2.5) 42.1 14.2 46.9 729.4 336.1 174.2 (73.5)
IUR Gas Trading Gas Trading 14.2 60.1 (45.9) (12.5) (33.4) (20.9) (12.5) 5.5 7.2 (9.6) (1.6) 9.5 8.7 52.9 (17.7) 23.2
EUR Gas Trading Gas Transport Revenues 9.2 2.3 6.9 2.2 4.7 2.3 2.4 9.4 2.5 2.2 2.3 2.4 (0.2) (0.2) 9.2 0.2
EUR Gas Trading Gas Originations - - - - - - - - - - - - - - - -
EUR Trading Expenses Gas trading expenses (20.5) (7.2) (13.3) (4.8) (8.5) (4.6) (3.9) (7.4) (1.2) (3.3) (2.2) (0.7) .1) (6.0) (11.7) 4.3
EUR 2.9 55.2 (52.3) (15.1) (37.2) (23.2) (14.0) 7.5 8.5 (10.7) (1.5) 11.2 (1.6) 46.7 (20.2) 27.7
SA Gas Trading Gas Trading 8.7 (3.0) 11.7 1.9 9.8 8.2 1.6 (1.1) (1.1) - - - 9.8 (1.9) (2.4) 1.3
SA Gas Trading Cuiaba MTM 17.6 3.3 14.3 (1.4) 15.7 15.7 - 82.9 37.5 45.4 - - (65.3) (34.2) 82.9
SA Trading Expenses Gas trading expenses (6.5) (0.8) (5.7) (4.1) (1.6) (1.5) (0.1) (2.8) (0.5) (2.3) - - (3.7) (0.3) (2.8)
SA 19.8 (0.5) 20.3 (3.6) 23.9 22.4 1.5 79.0 35.9 43.1 - - (59.2) (36.4) (2.4) 81.4
APACI Gas Trading Gas Trading - - - - - - - - - - - - - - - -
APACI Gas Trading Gas Originations - - - - - - - - - - - -
APACI Trading Expenses Gas trading expenses - - - - - - - - - - - - - - -
APACHI - - - - - - - - - - - - - - - -
Gas trading 852.8 388.3 464.5 183.4 281.1 240.0 41.1 187.2 41.9 74.5 12.7 58.1 665.6 1146% 346.4 273 151.6 35.6 23%
POWER TRADING
NA Power Trading Power - east 137.9 34.5 103.4 135.7 (32.3) 6.7 (39.0) 101.4 5.3 6.3 24.0 65.8 36.5 29.2 122.8 (21.4)
NA Power Trading Power - west 396.3 104.4 291.9 55.8 236.1 144.8 91.3 47.8 11.9 21.1 12.1 2.7 348.5 92.5 79.1 (31.3)
NA Power Trading Other 4.9 4.9 - - - - - (1.0) (1.0) - - - 5.9 5.9 - (1.0)
NA Power Trading Power Originations [B below] 49.8 8.6 41.2 8.0 33.2 10.5 22.7 125.1 106.7 15.3 3.1 - (75.3) (98.1) - 125.1
NA Trading Expenses Power trading expenses (101.9) (45.5) (56.4) (13.4) (43.0) (26.0) (17.0) (80.8) (25.9) (20.1) (19.1) (15.7) (21.1) (19.6) (83.9) 3.1
NA 487.0 106.9 380.1 186.1 194.0 136.0 58.0 192.5 97.0 22.6 20.1 52.8 294.5 9.9 118.0 74.5
EUR Power Trading Power Trading 333.9 79.4 254.5 95.2 159.3 57.1 102.2 127.7 24.9 29.0 3.2 70.6 206.2 54.5 134.1 (6.4)
EUR Power Trading Power Originations [C below] - - - - - - - 66.1 (9.7) (6.5) 88.9 (6.6) (66.1) 9.7 43.7 22.4
EUR Trading Expenses Power trading expenses (122.2) (41.1) (81.1) (39.6) (41.5) (22.6) (18.9) (9.0) (3.4) (2.7) (1.7) (1.2) (113.2) (37.7) (4.0) (5.0)