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Cuiaba

EXH027-00021

GOVERNMENT
EXHIBIT
  1357
  Crim. No. H-04-25 (S-2)


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BENEFITS TO ENRON SUMMARY

Deal Name: Cuiaba Dollar Amount: $11.3
Date Completed: October 1999
Deal Description: Purchase of 13% of the equity in the Cuiaba power plant.
Enron Business Unit Benefited: Enron South America

Did the deal result in a direct or indirect benefit to Enron: Direct and Indirect
Primary Benefit:
  The deal resulted in a direct funds flow result to Enron from the cash
received and allowed Enron to deconsolidate the Cuiaba power plant resulting in
the ability to mark to market its gas supply contract to the power plant and take $20
million into earnings.

Funds Flow Direct: $11.3 million Funds Flow Indirect: $11.3 million
Earnings Direct: $0 Earnings Indirect: $20 million
Fees Saved : $226,000

Other equity investors bidding on the transaction :
1. None
2.
3.
* indicate whether our purchase was on the same terms as the other equity purchasers.

Did the deal close with LJM? Yes
If not, why?

*indicate whether the reason was driven by Enron or LJM.
Other benefits to Enron :
  • Facilitated Enron's ability to sell when it wanted to sell.

See next page for amendments!
Compiled by: Anne Yaeger

ASF CW 000712

EXH027-00022