============= Page 1 of 6 ============= Transmission & Distribution 2000 Goals E0004392368 FXHno5-02542 ============= Page 2 of 6 ============= 2000 Enron Strategic Goals Enron Transportation Services Goal: Continue Florida Gas expansion by completing Phase IV construction, obtaining favorable Preliminary Determination and Environmental Impact Statement on Phase V and receiving market support for Phase VI. Status: Complete • Obtained FERC certificate on Phase IV, completed construction on the west leg extension and made initial deliveries to Florida Power and Light on October 1. • Received a favorable Preliminary Determination on Phase V. • The Phase V Environmental Impact Statement will be issued early spring 2001. Construction will begin on time by the 2nd quarter 2001. • Strong market support for Phase VI expansion at 150 MMBtu/day. E0004392369 EXH005-02543 ============= Page 3 of 6 ============= 2000 Enron Strategic Goals Enron Transportation Services Goal: Obtain final FERC certificate for Northern Border's Project 2000 and place in service Transwestern's Gallup Expansion by the 2nd quarter. Status: Complete • Obtained FERC certificate for Northern Border's Project 2000 in 1St quarter 2000. • Transwestern's Gallup Expansion was placed into service 2nd quarter 2000. The 140 MMBtu/day expansion is fully subscribed with 5-year contracts, resulting in $9 million per year of added revenue. E0004392370 490 EXH005-02544 ============= Page 4 of 6 ============= 2000 Enron Strategic Goals Enron Transportation Services Goal: Close accretive acquisitions of $100 million and $150 million respectively for EOTT and Northern Border. Status: Change in Business Strategy/Complete • Acquisitions for EOTT have not been pursued due to cost of capital and focus on existing assets. • Northern Border acquired assets for $30 million from various third parties and gathering systems from Enron for $205 million. '1'9 E0004392371 09 EXH005-02545 ============= Page 5 of 6 ============= 2000 Enron Strategic Goals Enron Transportation Services Goal: Divest Enron's Clean Fuels business. Status: Not Complete • Several deals were analyzed. • Only nominal offers were made. a substantial write-off for Enron. All offers would have resulted in • Currently evaluating options. E0004392372 4* 49 FXH005-02546 ============= Page 6 of 6 ============= 2000 Enron Strategic Goals Portland General Goal: Successfully close the sale of PGE to Sierra Pacific Resources. Status: In Progress • Obtained state PUC and FERC approval. • Waiting on SEC approval - meeting set for January 4, 2001. Goal: Meet Trojan decommissioning objectives and successfully manage the Trojan cost recovery. Status: Complete • Decommissioning on track. • Obtained state PUC approval, resolving recovery from customers issue. E0004392373 '~9 0 =XH005-02547