============= Page 1 of 33 ============= Enron Corp Earnings Release Details 3rd Quarter 2000 page Significant IBIT Variances 1 - 6 Wholesale Buckets Summary 7 Wholesale Buckets Detail 8-16 Business Unit Variance Schedules 17 - 23 Calculation of EPS 24 Equity in Affiliates 25 Gains on Sales & Interest Income 26 Other Income 27 Interest Expense 28 Dividends on Preferred of Subs 29 Earnings Release Support Pages 30-36 Statistical Supplement Pages 37-44 Distribution: Rick Causey Mark Koenig Paula Rieker Cedric Burgher Kathryn Corbally Scott Vonderheide Mark Palmer cc: Bob Butts Greg Adams to come to come to come EC46849AO032191 EXH066-00303 GOVERNMENT EXHIBIT 4256 Crim. No. H-04-25 (S-2) ============= Page 2 of 33 ============= Enron Wholesale Significant Variances (In Millions) Commodity 3rd Qtr 3rd Qtr 2000 1999 Dill Gas trading, excl originations (net of expenses) - see summary at (a) 174 Originations BPA - Canada 5 Entex - FP&L - Palm Springs - Peoples - Qualitech - Walton EMC - Other gas originations (less than $6m) 4 Gas Trading 183 Power trading, excl originations (net of expenses) - see summary at (b) 226 Originations Genco - Eastern Transportation - Other power originations (less than $1 Om) 8 Power Trading 234 Equity trading (index) 19 Metals trading 27 Interest & FX books 35 Global liquids (net of expenses) (21) Crude oil prepayments (35) Weather, paper, coal, SO2 35 Credit adjustment - Spread options (18) Networks expenses (6) Other (including expenses) (49) Other Trading (13) Total Commodity 404 Assets and Investments Fair value income - see summary at (c) 232 Earnings on JEDI, JEDI Il, Condor, others (24) Accrual earnings on merchant investments (13) Finance originations 2 Asset selldowns and 125s - see summary at (d) 84 Stock compensation charge - Other portfolio related earnings (26) Merchant Activity 255 Asset operations - see summary at (e) 65 Development and construction (15) Operations and Development 50 Total Assets and Investments 305 Total Unallocated Expense (82) Total Wholesale 627 sigvar3g00.xls, summary 48 2 (2) 10 7 10 75 34 15 (7) 42 11 43 22 (13) 20 54 10 (92) 55 172 119 20 6 (1) 84 (21) 207 29 4 33 240 126 3 2 (10) (7) (6) 108 192 (15) 15 192 8 27 (8) (43) (22) 15 (54) (28) (6) 43 (68) 232 113 (44) (19) 3 (5) 48 36 (19) 17 65 (34) (48) 378 249 1 220 Qtr 29 Qtr Dill 2000 1999 233 (18) 251 4 3 1 4 (4) - 11 (11) 8 (8) 3 5 (2) 240 13 227 162 17 145 11 3 8 96 (96) (7) 7 173 109 64 11 27 (16) 45 16 29 7 (22) 29 (19) (6) (13) 6 15 (9) 65 4 61 (5) - (5) (81) (75) (6) 29 (41) 70 442 81 361 (79) 37 9 43 14 - 9 186 67 18 3 135 (73) - (265) (30) (9) 40 (121) 73 9 33 336 (303) 27 (5) 20 (34) 7 29 22 (14) 36 55 322 (267) (60) (50) (10) 437 353 84 1 2 Qtr 1 st Qtr 2000 1999 Dill 32 26 6 7 (7) 6 5 1 6 (6) 8 (8) 3 6 (3) 41 58 (17) 117 122 (5) 21 - 21 2 (8) 10 140 114 26 33 - 33 52 29 23 20 16 4 (28) (6) (22) 16 16 - 5 61 (56) 24 6 18 (57) (70) 13 65 52 13 246 224 22 27 (18) 45 167 34 133 5 22 (17) 2 (2) 5 47 (42) (49) (27) (22) 155 60 95 82 61 21 (17) 15 (32) 65 76 (11) 220 136 84 (47) (40) (7) 419 320 99 (23) 10/16/2000, 8:54 PM EC46849AO032192 EXH066-00304 ============= Page 3 of 33 ============= WHOLESALE DETAILS per above (a) Gas trading, excluding originations: Canada (gross margin) US (gross margin) Credit reserve adj - Blue Ridge Europe (net of expenses) Gas transport (Europe) South America (gross margin) Other (including HPL and expenses) 3rd Qtr 3rd Qtr 2000 1999 Dill 1 5 (4) 283 60 223 (13) (10) (3) 2 2 - 1 45 (44) (100) (54) (46) 174 48 126 2nd Qtr 2nd Qtr 2000 1999 Doff 18 18 - 269 35 234 - (32) 32 (21) (2) (19) 2 2 - 24 - 24 (59) (39) (20) 233 (18) 251 (b) Power trading, excluding originations: NA - East (gross margin) 136 6 130 7 24 (17) NA - West (gross margin) 56 21 35 145 12 133 Europe 95 29 66 57 3 54 Other (including expenses) (61) (22) (39) (47) (22) (25) 226 34 192 162 17 145 (c) Fair value income (loss): Active Power 61 - 61 - - - Canfibre Riverside ]PC (38) - (38) - (2) 2 Rhythms (net of hedge amort) 3 38 (35) (125) 252 (377) First World (21) 41 (62) (30) 38 (68) Ecogas (38) 11 (49) - - - Kafus (66) - (66) (29) 37 (66) Hedge performance/S&P (1) (6) 5 (2) (68) 66 EOGR Exchangeable Notes/shares - 43 (43) 55 - 55 Resco warrants 251 - 251 52 - 52 Qualitech - - - - (43) 43 Quanta - (12) 12 - 14 (14) OPET&OSI-EUR 18 - 18 11 - 11 NSM - - - - (8) 8 Mariner - NA, ECM and El (3) - (3) 2 (3) 5 Heartland Steel (5) - (5) (4) - (4) HV Marine 10 - 10 2 - 2 Oconto Falls (7) - (7) - (3) 3 Venoco 14 - 14 1 (3) 4 Catalytica 70 - 70 - 2 (2) Techboard - EUR - 1 (1) - (2) 2 Papier Masson (4) - (4) 1 - 1 ECT Investments - - - - - Paladin - EUR 2 2 - - - Others (less than $6m) (14) 1 (15) (13) (25) 12 232 119 113 (79) 186 (265) 12 Qtr 19 Qtr Diff 2000 1999 18 52 (34) 56 (3) 59 (12) 10 (22) 2 2 - (32) (35) 3 32 26 6 (39) 66 (105) 91 3 88 102 71 31 (37) (18) (19) 117 122 (5) (5) - (5) 17 19 (2) 29 13 16 (23) 13 (36) (14) (47) 33 - (25) 25 26 - 26 (9) 9 8 (8) 7 (7) - 1 (1) 7 (7) (13) 13 6 (6) 9 (9) (3) (7) 4 27 (18) 45 EC46849AO032193 sigvar3g00.xls, summary 2 10/16/2000, 8:54 PM EXH066-00305 ============= Page 4 of 33 ============= WHOLESALE DETAILS per above 3rd Qtr 3rd Qtr 2nd Qtr 2nd Qtr 2000 1999 Diff 2000 1999 Duff (d) Asset selldowns and 125s: Bammel Looper - - - - - - Pittsburg Power Plant - 27 (27) - - - Project Rock 21 (21) - - - Project 20/20 79 - 79 - - - Wind River - 17 (17) - - - Powder River - - - - 12 (12) Guam - - - - - - Haina 5 - 5 5 - 5 Italy/Turkey - 6 (6) - 84 (84) Puerto Rico - - - - - Riverside (Teesside) - 3 (3) - - - Sutton Bridge - 12 (12) 9 39 (30) Other (including expenses) - (2) 2 - - - 84 84 - 14 135 (121) (e) Asset operations: Equity earnings from: Europe CIESA/TGS DPC Phase I Eco Electrica Korea (SK) Transredes Other international Elektro IBIT ESA operations India operations CALME operations APACHI operations Europe management fees JEDI management fee EGEP operations Other (including expenses) 1 Qtr 1st Qtr 20 2000 1999 Diff 10 (10) 5 (5) 18 (18) 12 (12) 2 (2) 5 - 5 5 47 (42) 2 2 - 12 7 5 16 - 16 22 - 22 13 8 5 4 (4) 9 1 8 74 22 52 36 35 1 8 11 (3) 2 (2) 4 3 9 (6) 21 - 21 2 2 - 5 5 - 4 - 4 (73) (21) (52) 82 61 21 EC46849AO032194 sigvar3g00.xls, summary 9 15 2 1 (1) 17 43 22 3 2 13 23 3 5 9 (58) 65 (1) 10 8 4 2 4 27 7 (11) 2 (5) (10) 4 5 8 2 29 1 (1) 7 2 (3) (3) 13 16 15 14 18 33 (1) 1 (60) 36 (6) (5) (1) 6 7 (1) 4 3 1 (1) - (1) 3 (1) 4 4 (4) 12 25 (13) 18 33 (15) 24 37 (13) 6 13 (7) 6 1 5 15 12 3 21 (4) 25 2 2 5 5 - 7 - 7 (77) (79) 2 27 20 7 3 10/16/2000. 8:54 PM EXH066-00306 ============= Page 5 of 33 ============= Enron Corp Significant Variances (In Millions) F 3d Qtr 31d Qtr 2000 1999 Diff Transportation Services Gross margin 119 146 (27) Operating expenses (incl deprec) (79) (83) 4 Equity earnings: Citrus 19 6 13 Northern Border 3 2 1 EOTT 4 5 (1) Other 2 1 1 28 14 14 Other income: Gains on sales - 2 (2) Interest lock - - Conoco litigation - - Gain on swap - - - Other 15 6 9 15 8 7 Transportation Services 83 85 (2) Portland General Group Gross margin 207 167 40 Operating expenses (incl deprec) (145) (118) (27) Equity earnings (1) 2 (3) Other income: - Customer Choice - - - COLI (4) (4) - Gain on sale of Coyote II 11 - 11 Other 6 5 1 Other income 13 1 12 Portland General Group 74 52 22 2nd Qtr 2nd Qtr 2000 1999 Diff 148 124 24 (93) (81) (12) 9 5 4 2 2 - (2) - (2) 1 1 - 10 8 2 1 - 1 15 - 15 (4) 21 (25) 12 21 (9) 77 72 5 179 177 2 (122) (126) 4 1 3 (2) 1 3 2 - (1) 3 4 2 2 62 56 6 1 Qtr 1st Qtr 20 2000 1999 Diff 201 181 20 (A) (81) (78) (3) 6 6 - 2 2 - (2) - (2) 1 - 1 7 8 (1) - 1 (1) 9 (9) 9 (9) 1 (4) 5 1 15 (14) 128 126 2 195 199 (4) (124) (117) (7) 1 6 (5) 31 - 31 11 2 9 (9) 2 (11) 33 4 29 105 92 13 EC46849AO032195 sigvar3g00.xls, summary 4 10/16/2000, 8:54 PM EXH066-00307 ============= Page 6 of 33 ============= Enron Corp Significant Variances (In Millions) 3rd Qtr 2000 31d Qtr 1999 Doff 2nd Qtr 2000 2nd Qtr 1999 Diff 1sQtr 22000 1st Qtr 1999 off Retail Energy Services Gross margin: Gas and power sales 43 5 38 13 2 11 1 (2) 3 Power MTM 56 47 9 77 19 58 73 28 45 Facilities services/Outsource and other 21 5 16 6 12 (6) 18 19 (1) 10 International 31 - 31 25 - 25 10 - Total gross margin 151 57 94 121 33 88 102 45 57 Operating expenses (incl deprec) (144) (82) (62) (109) (63) (46) (108) (76) (32) (B) Minority interests (Omicron, EES) - 1 (1) 1 3 (2) - 1 (1) Gain on sale of Resco warrants 30. /'/C, `' - ~ 30 25 14 - 1 25 (15) 20 2 - (1) 20 3 Other income Retail Energy Services (7) 30 6 (18) (13) 48 ) ( 24 (26) 50 16 (31) 47 Broadband Services Gross margin Dark fiber and software sales 11 - 11 82 - 82 40 - 40 Content services and other (8) - (8) (6) - (6) 11 - 11 Contract originations 1 - 1 - - - - Merchant investments 150 - 150 - - - 76 - 51 - - 51 Total gross margin Operating expenses (incl deprec) 154 (175) - - 154 (175) 76 (85) - - (85) (51) - (51) (C) Other income 1 - 1 1 - 1 Broadband Services (20) - (20) (8) - (8) - - Exploration and Production - 33 (33) - 20 (20) - 12 (12) sigvar3g00.xls, summary 5 EC46849AO032196 10/16/2000, 8:54 PM EXH066-00308 ============= Page 7 of 33 ============= Enron Corp Significant Variances (In Millions) 3rd Qtr 3rd Qtr 2000 1999 Diff Corporate and Other Corporate (including Co 099) Corporate expenses and other (107) (23) (84) (D) Wessex FX gain - Azurix earnings (including gain on offering) (24) (2) (22) ECM - sale of leased planes - - - other (primarily Project Steele) 5 8 (3) EEDC 1 (1) 2 Resco - (4) 4 ECI - - - (125) (22) (103) EREC 3 3 - Clean Fuels operations (6) (4) (2) Corporate and Other (128) (23) (105) Total recurring IBIT 666 507 159 Nonrecurring items (pretax): FAS 121 Impairment (Clean Fuels) - (441) 441 Gain on sale of EOG - 454 (454) Nonrecurring items - 13 (13) Total [BIT 666 520 146 Interest expense 247 187 60 (F) Company-obligated preferred of subs 20 19 1 Minority interests: Elektro 10 8 2 Rawhide 14 11 3 Cherokee 11 11 - Whitewing - - - EOG - 8 (8) 35 38 (3) Pretax earnings 364 276 88 Income tax expense 72 (14) 86 Net income 292 290 2 220 Qtr 2nd Qtr 2000 1999 Diff (35) (43) 8 - (33) 33 (11) 43 (54) 37 - 37 5 7 (2) (1) (2) 1 (3) 3 4 (4) (5) (27) 22 13 26 (13) 9 (6) 15 17 (7) 24 609 468 141 609 468 141 196 21 175 21 19 2 15 10 5 14 13 1 10 - 10 39 23 16 353 251 102 64 30 34 289 221 68 1t Qtr 1 Qtr Diff 2000 1999 (E) (55) - (6) 7 - (24) 33 (1) 7 (1) (4) (31) (D) (33) (5) - 1 4 (54) 10 (64) 13 (3) 15 (11) (2) 8 (44) 14 (58) 624 533 91 624 533 91 161 18 175 19 (14) (1) 11 12 (1) 14 14 - 10 - 10 - 13 (13) (6) 6 35 33 2 410 306 104 72 53 19 338 253 85 (A) ETS gross margin decreased due to higher rates as a result of seasonality built into rate structure (B) EES operating expenses increased due to increased bonus and phantom stock expense (C) EBS operating expenses increased due to increased headcount (116 at 3/99 to over 600 at 3/00). Reported in Corp & Other 1 Q99, Wholesale 2Q and 3Q99. (D) Corp operating expenses increased due primarily to IT and advertising (1Q and 3000) and compensation (3Q00) (E) Corp earnings include $48m of gain on Azurix offering in second quarter of'99. (F) Increase due to higher debt levels, including $26m related to metals purchase sigvar3g00.xls, summary 6 EC46849AO032197 10/16/2000, 8:54 PM EXH066-00309 ============= Page 8 of 33 ============= Enron Corp. Wholccale Buckets Subcategory Description SUMMARY 2000 by Quarter 1999 by Quarter 00-99 Comparison 99-98 comparison YTD 3Q Year 4Q 9 mo 3Q 6 mo 2Q IQ Year 4Q 3Q 2Q IQ lncr (Deer) Incr (Deer) 98 Year Incr (Deer) Co moodily Gas Trading 464.5 - 464.5 183.4 281.1 240.0 41.1 187.2 41.9 74.5 12.7 58.1 319.2 C.-,oodny Power Trading 547.4 - 547.4 234.3 313.1 172.8 140.3 368.2 102.6 42.3 108.8 114.5 281.8 Commnd ly Other Trading 80.8 - 80.8 (13.2) 94.0 29.6 64.4 72.6 7.0 54.9 (41.0) 51.7 15.2 Commodity Sales & Services 1,092.7 - 1,092.7 404.5 688.2 442.4 245.8 628.0 151.5 171.7 80.5 224.3 616.2 Mcnhmn Activity Income from Merchant Invest 339.3 - 339.3 170.9 168.4 18.6 149.8 361.0 18.9 123.7 204.8 13.6 (2.8) Mcrchmn Activity Gains on Sales (inel 125s) 104.0 - 104.0 84.3 19.7 14.1 5.6 294.0 28.2 84.2 134.7 46.9 (161.8) Merchant Activity 443.3 - 443.3 255.2 188.1 32.7 155.4 655.0 47.1 207.9 339.5 60.5 (164.6) Op'-u.., Dcv & Con." Asset Operations 173.3 - 173.3 64.7 108.6 26.6 82.0 240.1 130.7 28.6 19.7 61.1 63.9 Opmmiona. D:v & Cooar Development & Construction (36.6) - (36.6) (14.7) (21.9) (4.8) (17.1) (45.9) (30.6) 4.0 (34.1) 14.8 (21.3) Operations, Dev & Constr 136.7 - 136.7 50.0 86.7 21.8 64.9 194.2 100.1 32.6 (14.4) 75.9 42.6 Total Assets & Investments 580.0 - 580.0 305.2 274.8 54.5 220.3 849.2 147.2 240.5 325.1 136.4 (122.0) lhtallocated Evpenm Unallocated Expense (189.4) - (189.4) (82.1) (107.3) (60.0) (47.3) (160.8) (36.2) (34.1) (50.1) (40.4) (64.8) Total Wholesale 1,483.3 - 1,483.3 627.6 855.7 436.9 418.8 1,316.4 262.5 378.1 355.5 320.3 429.4 108.9 151.6 35.6 192.0 291.8 76.4 (68.1) (32.9) 105.5 232.8 410.5 217.5 47.2 123.7 237.3 0.1 559.9 (265.9) 47.3 683.6 (28.6) 36.1 53.5 186.6 (18.7) (27.9) (18.0) 17.4 25.6 168.6 64.7 709.2 140.0 (48.0) (151.2) (9.6) 134% 249.5 07 968.5 347.9 36% EC46849AO032198 Duckcts 3QIM1. 3Qn0 7 l0116AI Mll1. 6:55 I'M EXH066-00310 ============= Page 9 of 33 ============= Enron Corp. Wholesale Buckets 2000 by Quarter 1999 by Quarter 00-99 Comparison 99-98 comparison YTD 3Q Subcategorv Description Year 4Q 9 m0 3Q 6 mo 2Q IQ Year 4Q 3Q 2Q IQ Incr (Decr) Incr (Decr) 98 Year Iner (Deer) NA GAS TRADING GusI ding Canada-Gas Trading 36.8 36.8 1.4 35.4 17.6 17.8 78.8 3.9 4.8 18.3 51.8 (38.1) (3.4) 55.7 23.1 NA v.. Trading Credit Rescrvc - Blue Range - - - - - - (33.0) (1.0) - (32.0) - 32.0 - - (33.0) NA C..'Ireding US-Gas Trading 606.9 606.9 282.7 324.2 268.5 55.7 130.7 38.2 60.2 35.1 (2.8) 514.4 222.5 159.6 (28.9) NA Other 'I di.g DomcsticAssets (HPL/LRC) (31.8) (31.8) (29.6) (2.2) (5.4) 3.2 (4.2) 2.3 (2.5) (2.7) (1.3) (25.3) (27.1) (22.4) 18.2 NA Gaolruding Bridgcline equity earnings 2.9 2.9 (2.5) 5.4 3.4 2.0 - - - - - 2.9 (2.5) NA (ias1'rading Gas OriginationsJA bclowl 24.8 - 24.8 8.6 16.2 7.4 8.8 104.0 15.5 25.4 30.7 32.4 (63.7) (16,8) 183.5 (79.5) NA Tradingt:.penoO Gas trading expenses (143.1) (143.1) (58.5) (84.6) (50.7) (33.9) (175.6) (61.4) (45.8) (35.2) (33.2) (28.9) (12.7) (202.2) 26.6 NA 496.5 - 496.5 202.1 294.4 240.8 53.6 100.7 (2.5) 42.1 14.2 46.9 393.3 160,0 174.2 (73.5) FOR Gus [.ding Gas Trading (45.9) (45.9) (12.5) (33.4) (20.9) (12.5) 5.5 7.2 (9.6) (1.6) 9.5 (44.2) (2.9) (17.7) 23.2 FUR (:rs Trading Gas Transport Revenues 6.9 6.9 2.2 4.7 2.3 2.4 9.4 2.5 2.2 2.3 2.4 - - 9.2 0.2 EUR FUR c s Truding Ireding E.pusses Gas Originations Gas trading expenses - (13.3) - (13.3) - (4.8) - (8.5) - (4.6) - (3.9) - (7.4) (1.2) (3.3) (2.2) (0.7) (7.1) (1.5) (11.7) 4.3 EUR (52.3) - (52.3) (15.1) (37.2) (23.2) (14.0) 7.5 8.5 (10.7) (1.5) 11.2 (51.3) (4.4) (20.2) 27.7 SA aas'I'rading Gas Trading 11.7 117 1.9 9.8 8.2 1.6 (I,1) (1.1) - - - 11.7 1.9 (2.4) 1.3 SA (ior'I'reding Cuiaba MTM 14.3 14.3 (1.4) 15.7 15.7 - 82.9 37.5 45.4 - - (31.1) (46.8) 82.9 SA TrodingEspenoos Gas trading expenses (5.7) (5.7) (4.1) (1.6) (1.5) (0.1) (2.8) (0.5) (2.3) - - (3.4) (1.8) (2.8) SA 20.3 - 20.3 (3.6) 23.9 22.4 1.5 79.0 35.9 43.1 - - (22.8) (46.7) (2.4) 81.4 At ACI II (;as Trading Gas Trading - - - - - - - - - APACI II Gus Trading Gas Originations - - - - - - - - APACI II 't'rading espcnscs Gas trading expenses - - - - - - APACHI - - - - - - - - - - - - - Gas trading 464.5 - 464.5 183.4 281.1 240.0 41.1 187.2 41.9 74.5 12.7 58.1 319.2 549/ 108.9 8 ( 151.6 35.6 23% POWER TRADING di P a t 103 4 4 103 135 7 (32.3) 6.7 (39.0) 101.4 5.3 6.3 24.0 65.8 7.3 129.4 122.8 (21.4) NA NA ng V.-I Power Trading ower-c s Power-west . 291.9 . 291.9 . 55.8 236.1 144.8 91.3 47.8 11.9 21.1 12.1 2.7 256.0 34.7 79.1 (31.3) NA Power Trading Other - - - - - - (1.0) (1.0) (1.0) NA 'nosesirading Power Originations I B belowl 41.2 - 41.2 8.0 33.2 10.5 22.7 125.1 106.7 15.3 3.1 - 22.8 (7.3) - 125.1 NA T.dingr:.pcnsee Power trading expenses (56.4) (56.4) (13.4) (43.0) (26.0) (17.0) (80.8) (25.9) (20.1) (19.1) (15.7) (1.5) 6.7 (83.9) 3.1 NA 380.1 - 380.1 186.1 194.0 136.0 58.0 192.5 97.0 22.6 20.1 52.8 284.6 163.5 118.0 74.5 FUR Ponecrrradin9 Power Trading 254.5 254.5 95.2 159.3 57.1 102.2 127.7 24.9 29.0 3.2 70.6 151.7 66.2 134,1 (6.4) EUR Powonireding Power Originations IC belawl - - - - - - - 66.1 (9.7) (6.5) 88.9 (6.6) (75.8) 6.5 43.7 22.4 AIR 'Truding Espcnsca Power trading expenses (81.1) (81.1) (39.6) (41.5) (22.6) (18.9) (9.0) (3.4) (2.7) (1.7) (1.2) (75.5) (36.9) (4.0) (5.0) EUR 173.4 - 173.4 55.6 117.8 34.5 83.3 184.8 11.8 19.8 90.4 62.8 0.4 35.8 173.8 11.0 SA Pr, en'radiog Power Trading (0.2) (0.2) (1.0) 0.8 1.2 (0.4) (1.5) (1.6) 1.8 (1.7) - (0.3) (2.8) - (1.5) SA SA Power Trading imding E.p0mses Powcr Originations Power trading expenses - (1.3) - (1.3) - (0.9) - (0.4) - (0.3) - (0.1) (3.4) - (2.3) - (1.1) - - (0.2) 0.2 (3.4) SA (1.5) - (1.5) (1.9) 0.4 0.9 (0.5) (4.9) (3.9) 0.7 (1.7) - (0.5) (2.6) - (4.9) At'ACI II Powcr Trading Power Trading 4.4 4.4 1.3 3.1 2,3 0.8 3.2 0.2 3.1 1.0 (I.1) 1,4 (1.8) - 3.2 APACI APAC II Powcr Trading III Trading Expenses Power Originations Power trading expenses - (9.0) - (9.0) - (6,8) - (2.2) - (0.9) (1.3) - (7.4) " (2.5) (3.9) (1.0) - (4.1) (2.9) (7.4) APACHI (4.6) - (4.6) (5.5) 0,9 1.4 (0.5) (4.2) (2.3) (0.8) - (1.I) (2.7) (4.7) - (4.2) power trading 547.4 - 547.4 234.3 313.1. 172.8 140.3 368.2 102.6 42.3 108.8 114.5 281.8 246'/- 192.0 18 291.8 76.4 26% OTHER TRADING NA Omerrmding Coal Trading 12.5 12.5 5.6 6.9 3.5 3.4 37.3 16.3 9.4 3.9 7.7 (8.5) (3.8) 8.3 29.0 NA Other Truding Credit Reserve Adjustment 5.0 5.0 - 5.0 - 5.0 49.5 - 14,0 - 35.5 (44.5) (14.0) 28.3 21.2 NA other 'rrading Amortof HPLFV (21.3) (21.3) (7.1) (14.2) (7.1) (7.1) (28.4) (7.1) (7.1) (7.1) (7.1) - - (28.4) - NA Other Trnding Equity Trading 63.5 63.5 18,7 44,8 11.4 33.4 54.3 16.0 11.1 27.2 - 25.2 7.6 - 54.3 NA Othenl'rading Intorest& FX Books 96.2 96.2 28,7 67.5 39.2 28.3 91.2 23.3 24.6 21,2 22.1 28.3 4.1 74.2 17.0 NA Other rmding Other Trading 0.2 0.2 0.5 (0.3) (0.3) - (2.5) (0.2) (2.3) - - 2.5 2.8 - (2.5) NA Othcr'rrading Paper Trading 31.6 31.6 22.5 9.1 6.2 2.9 21.9 1.0 8.5 8.6 3.8 10.7 14.0 11.1 10.8 NA Othenmd„g S02 Trading (0.3) (0.3) 2.9 (3.2) (6.9) 3.7 (6.8) (4.0) (3.4) (0.2) 0.8 2.5 6.3 1.1 (7.9) NA Omonrading Weather Trading 12.9 12.9 3.4 9.5 3.8 5.7 13.4 2.6 4.6 1.5 4.7 2.1 (1.2) 5.5 7.9 NA 'I'redingli.paoou Other trading expenses (109.9) (109.9) (37.2) (72.7) (45.2) (27.5) (155.1) (57.5) (35.7) (27.9) (34.0) (12.3) (1.5) (90.7) (64.4) NA 90.4 - 90.4 38.0 52.4 4.6 47.8 74.8 (9.6) 23,7 27.2 33.5 6.0 14.3 9.4 65.4 Buck- 3QW, 301/11 19 EC46849AO032199 2tNNl,fiS$I'M EXH066-00311 ============= Page 10 of 33 ============= Enron Corp. Wholesale Buckets Subcategorv Description ECM Other Trading Swap income- ENA I:CM 'trading tTgtemsea Expenses ECM VIM Other lading Global Liquids Trading VIM other Trading Crude Oil Prepayments EGM Trading E..pcnser Global Liquids Trading Expenses EGM Ii11R Other Trading Credit Reserve Adjustment taiR Other Trading Crude Oil Prepayments Ii11R Other Trading ETOL TIC Other Ireding ETOL Expenses FUR Other Trading Transfer ETOL to Retail EIIR Other Trading Interest & FX Books ITIR Other Trading Metals Trading Income IitlR Other 'trading Other Trading IalR Other Trading Pmdency Release tie Other Trading Spread Options lAIR Other Trading Sutton Bridge ITR Other Trading Teesside Utilities FUR Trading Exper.,ca Other trading expenses EUR SA Other Trading Other Trading SA Trading Exper ca Expenses SA APACI II Other Trading Other Trading APACIII Trading Lpernee Expenses APACHI N'IWR Other'frnding Networks expenses NTWK Hires Other 'trading Transfer ETOL to Retail Bums Other Trading TOTAL COMMODITY INCOME FROM MERCK NA Fair Value income NA Fair Value income NA Iqe cam- IV vehicles NA Equ earn-IN vehicles NA tiqu cam-IV vehiclca NA liqu cam- IV vehicles NA Structuring incontc NA Structuring income NA Finance origination., NA Finance nnginxtions NA Finance originaliert NA Finance origination., NA Accrual ine on mcreh invent NA Other Portfolio Related NA Other Portfolio Related NA Other Poru'alio Related NA Other Portfolio Related NA Other Portfolio Related NA Expenses- Merchant invest 1NT INVEST Fair value income ID below) Rhythms FV - reclass JEDI JEDI II Enscreo Other equity carvings Structuring income Chewco (JEDI restructure) Canada Met- u Tcnaska Clcbomc West QF's Accrual inemno on mcreh invest ECM Rcimb of JEDI ENE Puts ENE puts ECT Investments Rcpap Write Down (see ECM) Other Expenses - NA NA 2000 by Quarter 1999 by Quarter 00-99 Comparison 99-98 comparison YTD 3Q Year 4Q 9 mo 3Q 6 mo 2Q IQ Year 4Q 3Q 2Q IQ Incr (Decr) Incr (Deer) 98 Year Incr (Decr) 6.6 6.6 - 6.6 - 6.6 - - - - - 6.6 - - - 6.6 - 6.6 - 6.6 - 6.6 - - - - 6.6 - - - 43.4 43.4 (1.8) 45.2 14.8 30.4 58.2 2.T -35.0 (8.6) 28.9 (11.9) (36.8) 72.1 (13.9) (34.6) (34.6) (34.6) - - - - - - - - (34.6) (34.6) - - (36.9) (36.9) (19.3) (17.6) (7.7) (9.9) (49.3) (10.5) (13.3) (12.5) (13.0) 1.9 (6.0) (35.8) (13.5) (28.1) - (28.1) (55.7) 27.6 7.1 20.5 8.9 (7.6) 21.7 (21.1) 15.9 (44.6) (77.4) 36.3 (27.4) 104.6 39.6 40.0 - 25.0 (65.0) (40.0) 5.2 99.4 (47.1) (47.1) - (47.1) (18.7) (28.4) (38.4) (12.9) (13.1) (6.4) (6.0) (21.6) 13.1 (10.3) (28.1) 31.5 31.5 14.4 17.1 5.1 12.0 - - - - - 31.5 14.4 - - (12.1) (12.1) (3.6) (8.5) (5.0) (3.5) - - - - - (12.1) (3.6) - - (10.8) (10.8) (10.8) - - - - - - - - (10.8) (10.8) - - 36.6 36.6 6.4 30.2 6.1 24.1 24.5 3.3 18.8 (5.0) 7.4 15.4 (12.4) 18.7 5.8 26.8 26.8 26.8 - - - - - - - - 26.8 26.8 - - 0.2 0.2 (0.1) 0.3 0.1 0.2 9.6 4.6 5.0 0.8 (0.8) (4.8) (5.1) (5.4) 15.0 - - - _ - 40.5 (40.5) 71.4 71.4 (17.9) 89.3 65.4 23.9 50.1 30.2 9.6 4.1 6.2 51.5 (27.5) 16.4 33.7 0.8 0.8 - 0.8 0.7 0.1 (5.0) (1.0) (1.3) 2.0 (4.7) 4.8 1.3 - (5.0) (1. 1) (1.1) (0.3) (0.8) (0.4) (0.4) (13.2) 1.0 (11.8) (10.5) 8.1 13.1 11.5 - (13.2) (60.8) (60.8) (4.8) (56.0) (28.2) (27.8) (143.3) (40.6) (37.7) (32.1) (32.9) 41.9 32.9 (143.7) 0.4 35.4 - 35.4 10.1 25.3 25.1 0.2 (II.!) 24.2 9.5 (47.1) 2.3 70.7 0.6 (78.6) 67.5 (4.2) (4.2) - (4.2) (2.0) (2.2) - - - - (4.2) - - - (4.2) - (4.2) - (4.2) (2.0) (2.2) - - - - - (4.2) - - (10.7) (10.7) (5.6) (5.1) (5.1) - - - - - (10.7) (5.6) - - (10.7) - (10.7) (5.6) (5.1) (5.1) - - - - - - (10.7) #DIV/fn (5.6) #DIV//1! - - #DIV/ll! (8.6) (8.6) - (8.6) (0.1) (8.5) - - - - - (8.6) - (8.6) - (8.6) - (8.6) (0.1) (8.5) - - - - - (8.6) #DIV/)! #DIV/11! #DIV/11! 80.8 - 80.8 (13.2) 94.0 29.6 64.4 72.6 7.0 54.9 (41.0) 51.7 15.2 29%. (68.1) 1.7 (32.9) 105.5 -321% 092 7 - 1 092 7 1 404 5 688.2 442.4 245.8 628.0 151.5 171.7 80.5 224.3 616.2 275'/, 232.8 2.9 410.5 217.5 53%, . , . , . (97.5) - (97.5) (39.2) (58.3) (70.1) 11.8 (1.2) 17.4 36.5 L_6)_,~ 6.5 (78.9) (75.7) 53.0 (54.2) 136.0 - - 1 136.0 - (136.0) - - 136.0 114.7 114.7 (20.9) 135.6 25.5 110.1 10.7 (23.9) 17.9\ 6) 20.3 80.1 (38.8) 10.7 69.9 69.9 12.8 57.1 17.3 39.8 91.5 6.1 (13.8) 86.9 12.3 (15.5) 26.6 - 91,5 (2.8) (2.8) (3.2) 0.4 (0.3) 0.7 (0.5) (I. I) 1.9 (1.3) - (3.4) (5.1) - (0.5) - 1.6 0.1 - (0.6) 2.1 (1.5) - (22.0) 23.6 4.6 - 0.6 1.2 2.8 (4.6) (0.6) 22.4 (17.8) - - 46.0 (46.0) 4.3 4.3 - 4.3 4.3 - - - - - - 4.3 - - 12.6 12.6 - 12.6 12.6 - 1.8 2.9 (1.2) 0.1 - 13.7 1.2 17.3 (15.5) 20.7 20.7 1.5 19.2 19.2 - - - - - - 20.7 1.5 - - 6.7 6.7 - 6.7 6.7 - - - - - - 6.7 - - - 0.3 0.3 (13.6) 13.9 8.7 5.2 77.6 39.1 4.2 15.1 19.2 (38.2) (17.8) 20.4 57.2 - _ 7.0 - - - 7.0 (7.0) - 0.5 6.5 (79.2) (79.2) - (79.2) - (79.2) (80.7) - - (31.5) (49.2) 1.5 - - (80.7) 9.1 - - - 9.1 (9.1) - - 9.1 - - - - - - - - - - - 7.1 (7.1) (5.5) (5.5) - (5.5) 0.5 (6.0) (2.9) (4.5) (1.5) 1.1 2.0 (7.1) 1.5 (3.2) 0.3 (86.6) (86.6) (21.8) (64.8) (23.6) (41.2) (93.6) (32.8) (21.0) (19.2) (20.6) (25.8) (0.8) (99.2) 5.6 (42.4) - (42.4) (84.4) 42.0 0.8 41.2 161.0 3.3 23.6 122.6 11.5 (200.1) -17,10'%. (108.0) (0.9) 42.3 118.7 251'%% packets 3(Y0).3 ,pa, q EC46849AO032200 In,IG/2raa,. 6:55 PM EXH066-00312 ============= Page 11 of 33 ============= Enron Corp. Wholesale Buckets 1999 by Quarter 00-99 Comparison 99-98 comparison 2000 by Quarter YTD 3Q 4Q Y 9 mo 3Q 6 mo 2Q IQ Year 4Q 3Q 2Q IQ [ncr (Decr) Incr (Decr) 98 Year Incr (Decr) Subcategorv Description ear l E b F l i i 2) - (50 (50.2) 2.6 (52.8) (69.9) 17.1 23.4 - 43.0 - (19.6) (73.6) (40.4) 8.1 15.3 ecM ]-at, Value income c owl r va ue ncome I a . 79 2 79 2 - 79 2 - 79.2 80.6 - 12.2 31.5 36.9 (1.4) (12.2) 80.6 I:CM other Ponfolio Relaed JEDI equity cam/stock swaps . . . 8.6 (12.1) I FV (3.5) (2.4) - - ecM Gquearn -FVvhide. JED Puts - 6 26 26 6 (13.2) 39.8 14.9 24.9 (10.8) 12.8 (25.9) 0.7 1.6 50.2 12.7 - (10.8) IiCM Other Portfolio Related JEDI NPI . . - - - - (I.2) - - ' IICM Eq. am-IVvehielc. JEDI I I EES equity earnings (1.2) (1.2) - (L2) (0.6) (0.6) - - (0 2) (0.1) 26.6 (44.5) ecM Swewriagim:omo JEDI Restructuring (0.2) (0.2) (0.I) (0.1) (0.1) - (17.9) (17.9) - - . 46 5 35.2 - ECM Eq.eam-rvvehide. Condor equity earnings 46.5 46.5 35.2 11.3 (4.6) 15.9 - - - - - - . 4 1 0.2 eCr t liqu cart, - IN cehiedes Othcr equity carvings 1.4 1.4 0.2 1.2 0 3 1.2 0 1 - (0 2) - 2 2 - - - 0.7 - 0.3 1'2 . (2.8) (I'0) 2 2 ECht ne:mal 1w on merch joowl Casheo interest income (0.6) (0.6) (0.3) . ) ( . ) ( . . (I.0) - 19,9 (19.9) ECM Other Portfolio Related Chewbacca (JED] restructure) (1.0) (1.0) - (l.0) - (l.0) - - - - - (74.8) (51.0) I:CM Other Portfole Related Condor income allocation (74.8) (74.8) (51.0) (23.8) (0.6) (23.2) - - 0 7 7 0 4.5 ECM Other Ponfolio Rclated Project Funding-interest income 0.7 0.7 0.7 - - - 4.5 4.5 - - 4 3 - 6 5 . (9 1) . - 9.0 I. CM Other ronfuroRelated Flash to actual (0.1) (0.1) - (0.1) (0.1) 05 - 0 5) 9.0 (6 0) - 5) (1 - (L5) . (L5) . (L5) . 3.0 1.0 (5.7) (0.3) I(CM other PonlolioRelated JLPAmortiaion (1.5) (1.5) (0.5) (I.0) ) ( . ( . . 9 9 3 1 6.9 IiCM Other Nalolio Related Martin Admin fees 9.9 9.9 3.1 6.8 3.8 3.0 6.9 1 6.9 0 3 - 0 1 - (0 5) - (0 9) . 0.3 . (5.2) 0.9 (1.0) P.cM Other Portfolio Related Other earnings (0.1) (0.1) (4.2) 4.1 3.7 0.4 ) (0. 7 2 . . . (0 1) . (7 1) 7.2 (7.2) eCM Other Portfolio Related NSM Debt writedown - - - . ) ( . . - 41 0 26.0 - I/CM Other I'onl'olio Related Phantom stock realized gain 41.0 41.0 26.0 15.0 15.0 - - - - - - 13.0 - (13.0) - ' - (13.0) - - fCM Other Portfolio Rdoted Portfolio adjustments - - - - - - - - (2.3) GCM Other Portfolio Related Project Ghost write-off (2.3) (2.3) - (2.3) - (2.3) - - - - - (2.0) (2.0) ECM Other Portfolio Related Project Hawaii (2.0) (2.0) (2.0) - - - - - 59.2 (59.2) ECM Other Portfolio Related Project Tomas - - - - 10.2 10.2 I:CM Other Pontolio Related Raptor interest income 10.2 10.2 10.2 - - - - - - - - (10.0) 10.0 [CM other Portfolio Related Reclass to El (Poland) - - - - - - - - - - - (11.7) (3.6) eCM Other lonfolioRelated Reclass-Promigasearnings (11.7) (11.7) (3.6) (8.1) (8.1) - - - _ (7.1) 7.1 I1CM Other Portfolio Related Rcpap Write Down (see NA) - - - - - - 303 3 251.3 ECM Other Ponfolio Related Resco income 303.3 303.3 251.3 52.0 52.0 - - - - - 34 0 - . 0) (34 - 34.0 ECM Other Portfolio Related Rhythms FV - rcclass - - - - - - 34.0 - - . . (21'9) (21'9) ECM Other loetniioRelated Rhythms stock realized loss (21.9) (21.9) (21.9) 2 1 - - - 2.1 2.1 _ _ . eCM other Portfolio Related Warburg Dillon Rcad-Stock Hedge - - - - - .8 33.8 - - 33.2 0.6 (33.8) - 6.9 26.9 Other Portfolio Roluted ' Wessex - FX gain ECM - (10 3) - (10.3) - (2.2) (8.1) (5.2) (2.9) (39.2) (15.2) 15.9 (27.9) (12.0) 13.7 (18.1) (14.1) (25.1) I:,CM upenses-Merchant incest 1 Expenses- . 340 9 - 340 9 230 3 6 110 0.8 109.8 111.8 (10.4) 58.4 60.1 3.7 218.7 5911 171.9 2.9 93.3 18.5 211% ECM l di FV , (3 2) . (3.2) . 1.8 . (5.0) (1.9) (3.1) 2.5 6.3 2.0 1.0 (6.8) 0.6 (0.2) 1.5 1.0 c1R iojrValue lueume Pa a n . 29.1 18.3 lsult Fair Value income OPET & OSI 29.1 29.1 - 18.3 - 10.8 - 10.8 - - - - (14.3) - 0.5 (1.8) (13.0) 14.3 (0.5) 0.2 (14.5) FUR Fair Value income TechboardPV - - 7 0 - 1!IIR E.pona.-Merchantluvest Expenses -EUR 0.7 0.7 - 0 1 0.7 6 5 - 8 9 0.7 4) (2 - 8) (11 - 6 3 - 2.5 - (0.8) (19.8) . 44.7 -226% 17.6 (22.0) 1.7 (13.5) .794% EUR 26.6 - 26.6 . 2 . . . . - Sn - - - - #DIV/11! - #DIV/U! - - #DIV/I)! SA India - - - - - - #DIV/0! - #DIV/Il! #DIV/0! India - 9 12 - 12 9 - 3 6 - 9.3 - 8.1 - 1.2 7.9 2.3 1.0 2.5 Z.1 7.3 2.6 9.5 (L6) CALM[ Aeemad it. on mmh incest Promigas Dividends . . . CALMS 12 9 - 12 9 3 6 9 3 8 1 1.2 7.9 2.3 LO 2.5 2.1 7.3 348%. 2.6 Lo 9.5 (1.6) -IT'/,. CALMS . . . . . APACII I - - - - - #DIV/0! - #DIV/lI! - #DIV/0! APACHI - - - - - - - - - - - - (4.4) - - - (4.4) 4.4 - (7.5) 3. 1 81 fair Value income Fair value income l F below) - - - - - - 4.8 - - 3.1 1.7 (4.8) - - 4.8 el Fiomhccoriginations Finance originations - - - - - - - - 16.0 (1 6.0) 11 I IQ Other Ponfolio Related Poland Fees - - - - - - (31.6) 31.6 Ia Hspwsos-Merchant invcsl Expenses -EI 0 4 - - 3.1 (2.7) (0.4) 15% (23.1) 23.5 12 El - - - - . ----T4 7.9 - 77.3 (34.8) 305.4 - (270.6) 34.8 - 347.9 I:CI Fair Value income Rhythms FV - - - - - 9.8 9.8 - - - - - 9.8 IiCI Fair Value income Sycamore FV - - - 357.7 87.1 (34.8) 305.4 (270.6) #DIV/n! 34.8 0.1 357.7 #DIV/01 ECI - - 1 3 1.3 - - xlwk Fair Value income Other 1.3 1.3 1.3 - - - - - - - . 1 3 #DIV/0! 1.3 #DIV/tl! - - #DIV/Ill NTWK 1.3 1.3 1.3 - - - - - - . i o EC46849AO032201 L.,I6,atmn•, s PM nueket SQINI. 3Q10 EXH066-00313 ============= Page 12 of 33 ============= Enron Corp. Wholesale Buckets 2000 by Quarter 1999 by Quarter 00-99 Comparison 99-98 comparison YTD 3Q Subcateeorv Description Year 4Q 9 MO 3Q 6 mo 2Q IQ Year 4Q 3Q 2Q IQ Incr (Deer) Iner (Deer) 98 Year Iner (Deer) - - - - - (163.5) (66.0) 73.0 (189.3) 18.8 97.5 (73.0) - (163.5) Iaims Fair Value income Rhythms FV - reclass - - - - (10.5) Eli— Other l'-1.1i. Ramrod Rhythms hedge amort-reclass - - - - - - (10.5) (10.5) - - - - - - - - - 14.0 (14.0) - - (14.0) - - IOims Equity umings ' Dom Rep write-off - - - - - - - (14.0) - (14.0) - - 14.0 14.0 - (14.0) olio Rdund Ehms Other Ponl Dom Rep writcoff - - - - - - (11.8) - - (11.8) - 11.8 Inn Other Ponloli0 Retold Reclass ECM Flash to actual - 9 2 I:'lims Other Ponloli0 Related Condor equity comings - - - - - - 9.2 9.2 - . 4) 2 Eli- Other I'ortl'olie Related Peregrine reclass - - - - - - (2.4) (2.4) . ( ' - - - - - (73.0) - - (73.0) - 73.0 - - (73.0) ol io Relrted !:lima Other I'ocl Rcclass ECI comp expense - - - - - (266.0) (69.7) 73.0 (288.1) 18.8 196.3 1044% (73.0) 0.3 - (266.0) #DIV/0! Elims Income- Merchant Invest 339.3 - 339.3 170.9 168.4 18.6 149.8 361.0 18.9 123.7 204.8 13.6 (2.8) -21% 47.2 11.2 123.7 237.3 192% GAINS ON SALES - 0 10 - - - 10.0 (10.0) 27,0 (17.0) NA endows solo BammelLeopcr(125) . - - - 40.0 (40.0) NA Selld/turr. ales Mid Texas (Cyclone 125) - - - - - - - - - 16 6 - - - 11.8 4.8 (16.6) - 24.2 (7.6) NA Selldowns/S.les Powder River (125) - - - - - - . 27 0 - 27.0 - - (27.0) (27.0) - 27.0 NA Seudo.rn./S.lea Pittsburg Power Plant - - - - - - . 27 4 6 9 20.5 - - (20.5) (20.5) - 27.4 NA Selldown./snle. Project Rock (125) - - - - - - - . 16 9 . - 16.9 - - (16.9) (16.9) 4.3 12.6 NA Shcdowns/Sule. Wind Rivcr (125) - - - . - 79 0 79.0 - - NA Shcdown./Sale. Project 20/20 79.0 79.0 79.0 - - - - - - - . - 6 3 (5 1) NA Sulldown.