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GOVERNMENT
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EXHIBIT
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28707
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Crim No. H 04-0025
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Wholesale Energy Operations and Services
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ENRON CORP.
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Table 3b - Core Business Highlights
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(Unaudited)
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Quarter Ended December 31, Year Ended December 31,
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1999 1998 1999 1998
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Wholesale Energy Operations and Services
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(In Millions)
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Commodity Sales and Services $ 159 $ 107 $ 636 $ 411
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Energy Assets and Investments 145 140 846 709
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Unallocated Expenses (37) (46) (161) (152)
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IBIT $ 267 $ 201 $ 1,321 $ 968
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Commodity Sales and Services
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Physical Volumes (BBtue/d) (a)
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Gas:
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United States 10,219 7,941 8,982 7,418
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Canada 4,406 4,101 4,398 3,486
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Europe 1,604 1,605 1,549 1,243
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Other 26 4 23 8
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16,255 13,651 14,952 12,155
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Transport Volumes 693 510 575 559
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Total Gas Volumes 16,948 14,161 15,527 12,714
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Oil 5,877 4,923 5,407 2,960
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Liquids 947 586 753 610
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Electricity (b) 10,134 8,609 10,699 11,024
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Total Physical Volumes (BBtue/d) (a) 33,906 28,279 32,386 27,308
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Electricity Volumes Marketed (Thousand MWh)
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United States 86,666 78,969 378,930 401,843
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Europe & Other 6,564 242 11,576 529
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Total 93,230 79,211 390,506 402,372
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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.
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(b) Represents electricity transaction volumes marketed, converted to BBtue/d.
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Enron Corp.
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Wholesale Buckets
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2000 by Quarter 1999 by Quarter 00-99 Comparison 99-98 comparison
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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)
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GAS TRADING
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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
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NA Gas Trading Credit Reserve - Bloc Range - - - - - - - (33.0) (1.0) - (32.0) - 33.0 1.0 - (33.0)
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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)
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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
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NA Gas Trading Bridgeline equity earnings 7.0 4.1 2.9 (2.5) 5.4 3.4 2.0 - - - - - 7.0 4.1 - -
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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)
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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
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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)
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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
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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
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EUR Gas Trading Gas Originations - - - - - - - - - - - - - - - -
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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
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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
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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
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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
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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)
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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
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APACI Gas Trading Gas Trading - - - - - - - - - - - - - - - -
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APACI Gas Trading Gas Originations - - - - - - - - - - - -
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APACI Trading Expenses Gas trading expenses - - - - - - - - - - - - - - -
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APACHI - - - - - - - - - - - - - - - -
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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%
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POWER TRADING
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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)
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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)
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NA Power Trading Other 4.9 4.9 - - - - - (1.0) (1.0) - - - 5.9 5.9 - (1.0)
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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
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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
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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
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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)
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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
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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)
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