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Enron Broadband Services

Executive Management Summary

March 26, 2001

Strictly Confidential
Do Not Copy or Distribute

	Operational POP
	Operationa
l Pooling
	Poin
t
	Installed, Not
	Complete
	Planned
	Proposed
	

  lit Fiber

  IRU Ready
(Dark)
Planned IRU
Ready

Edmonton 0

c

r. c.


y9o

Enron Network

0

EXH009-00978




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(millions of dollars)		+				Forecast - C	omponents	of Earnings	Before Tax					
				Actual	Deals	Other	Total	Direct	Allocated	Capital		Gross	Direct	Allocated	Capital	
Business Team	Estimate	Plan Variance	Margin Identified	Margin	Margin	Ex enses	Ex enses*	Charge	Total	Margin	Expenses	Ex enses*	Charge	Total
Wholesale Market Origination	$ (4.2) $	5.3 $	(9.5)	$ 0.7 $	2.5	$ 3.0	$ 6.2	$ 1.6	$ 8.7 $ -	$ (4.1)	$ (6.3)	$ - $	(3.2) $ -	$ (9.5)
Content Origination	(7.7)	(3.3)	(4.5)	0.4	-	-	0.4	3.1	5.0 -	(7.7)	(5.3)	-	0.9 -	(4.4)'
Broadband Investments	(2.3)	3.0	(5.3)	(2.3)	-	1.6	(0.7)	0.8	0.8 -	(2.3)	(6.7)	-	1.5 -	(5.2)
Semiconductor Services	(2.2)	(1.7)	(0.4)	(0.3)	-	-	(0.3)	1.1	0.9 -	(2.3)	(0.5)	-	0.0 -	(0.5)
Media Services	(1.7)	0.6	(2.3)	0.4	0.4	-	0.8	1.0	1.6 -	(1.8)	(2.1)	-	(0.2) -	(2.3)
Enterprise Services	(6.9)	(1.7)	(5.2)	-	1.7	-	1.7	3.8	4.8 -	(6.9)	(4.4)	(0.6)	(0.3) -	(5.3)
Europe	(9.8)	(4.2)	(5.6)	-	-	-	-	9.1	0.7 -	(9.8)	(5.6)	-	- -	(5.6)
Asia Origination	(4.4)	(4.4)	-	-	-	-	-	3.6	0.8 -	(4.4)	-	-	- -	-
Global Trading & Risk Management	(56.3)	(46.8)	(9.5)	(7.8)	-	-	(7.8)	6.7	41.8 -	(56.3)	(9.6)	-	0.2 -	(9.4)
Latin America	(1.6)	(0.5)	(1.0)	-	-	-	-	0.7	0.9 -	(1.6)	(1.3)	-	0.3 -	(1.0)
Office of the Chairman	(2.9)	(2.4)	(0.5)	-	-	-	-	1.3	1.6 -	(2.9)	-	-	(0.5) -	(0.5)
Other	(0.9)	-	(0.9)	(0.7)	-	(0.2)	(0.9)	-	- -	(0.9)	(0.9)	-	- -	(0.9)
Total Commercial	(100.9)	(56.3)	(44.7)	(9.6)	4.6	4.4	(0.6)	32.8	67.6	(101.0)	(42.7)	(0.6)	(1.3) -	(44.6)
Group	-	-	-	-	-	-	-	67.6	(67.6) -	-	-	(1.3)	1.3 -	-
Capital Charge Offset	-	-	-	-	-	-	-	-	- -		-	-	- -	
Overview	8.6	21.2	(12.6)	-	-	8.6	8.6	-	- -	8.6	(12.6)	-	- -	(12.6)
EBS - EBIT	$ (92.3) $	(35.1) $	(57.3)	$ (9.6) $	4.6	$ 13.0	$ 8.0	$ 100.4	$ - $ -	$ (92.4)	$ (55.3)	$ (1.9) $	- $ -	$ (57.2)

*Includes Depreciation & Ad Valorem Taxes

Europe - NETS Group removed from Greensheet (2.5)
DPR Changes
  Media Services (0.2)
Global Trading & Risk Management (1.0)
Other (0.2)

EXH009-00979



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50-100% Deals

Deal Name	Team Leader	Sector	MTM	TCV NPV	Cash Probability	Mkt Segment
Into Networks/Electronics Boutique (ELBO) Swaps	Michael Harris	Content	n/a	49.0 8.2	100%	Other
Compaq Computer Corporation	Kim Godfrey	Enterprise	1.7		1.7 100%	Other
Global Crossing - OC12/DW 48 Deal	Brian Spector	Wholesale	2.5		(17.9) 95%	BW Int. Layer #2,
Circuits, TDM
Various Counterparties	Edward Ondarza	Media Services	0.4		90%	Media Services
BMC Software, Inc.	Brad Nebergall	Enterprise		4.6 1.4	85%	IPN
						Collo, IP Transit,
Microsoft - MSN - Asterix	Matt Harris	Enterprise		3.0	80%	IP Transport,
						Local Loop
						
Totals for: >50%			4.6	63.6 12.6	(16.2)	

25-49% Deals

  Deal Name Team Leader Sector MTM TCV NPV Cash' Probability Mkt Segment
FLAG - STM1 (2 Year Term) Brett Vorley European 0.9 5.5 25% Circuits
Metromedia Fiber Network Services, Inc. - Chicago-Totonto- Mitch Olson Wholesale 0.5 7.0 25% Lambda
New York Lambdas
Totals for: 25% - 49% 1.4 12.5 00 0.0
Totals for Quarter 6.0 66.1 12.6 (16.2)

EXH009-00980



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Network Support Functions:

  Switching Services
IT
  Software Engineering
Global Network Services
Mid-Office Operations
Product Engineering
Structuring
  Strategic Development
Staff Functions:
Legal
  Accounting & Transaction Support
Purchasing
  Facilities
Finance
Human Resources
  Marketing, Communications, PR
Business Controls & Security
Corporate Development
Corporate Charges and Other

Ad' Valorem Tax
Depreciation/Amortization
Total Allocated Expenses

  Corporate Over /
Salary Emp Outside Amt Charges (Under)
Related Exp Svces Captlzd & Other Total Plan

$ 1.1	$ 0.2 $	0.2	$ (0.8) $	0.7	$ 1.4 $ -
5.9	0.6	2.4	(5.4)	0.4	3.9 -
6.9	1.0	2.4	(2.2)	5.7	13.8 -
1.1	0.1	0.3	(0.3)	0.2	1.4 -
2.3	0.4	0.1	-	0.1	2.9 -
0.5	0.1	0.5	-	-	1.1 0.5

1.0	0.1	0.8 -	0.1	2.0 -
1.9	0.2	0.5 -	1.2	3.8 -
0.4	0.1	- -	-	0.5 -
0.8	0.1	- -	-	0.9 -
0.7	0.1	0.2 -	0.1	1.1 -
0.3	0.1	0.4 -	0.5	1.3 -
0.4	0.1	- -	-	0.5 -
-	2.2	- (1.0)	11.6	12.8 0.8
	-	- -	2.5	2.5 -
-	-	- -	16.2	16.2 -
$ 23.3	$ 5.4 $	7.8 $ (9.7) $	39.4	$ 66.2 $ 1.3

Allocation

Whsl Cont EMS Trad. Other

$ - $ - $ - $ 1.4 $ -
3.9 -
13.8 -
  0.2 - 1.2 -
0.9 0.4 0.8 0.6 0.4
- - - - 1.6

1.4	0.1	0.4	-	0.2
2.6	0.2	0.7	-	0.4
0.3	0.0	0.1	-	0.0
0.6	0.0	0.2	-	0.1
0.1	0.2	0.1	0.4	0.2
0.9	0.1	0.2	-	0.1
0.3	0.0	0.1	-	0.0
1.3	3.0	1.8	4.7	2.8
0.0	0.0	0.0	2.5	0.0
0.3	0.8	0.4	13.4	1.4
$ 8.7	$ 5.0	$ 4.8	$ 41.8	$ 7.2


EXH009-00981



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Income Adjustment Items	($ MM)	
Company Original Investment	Carrying Value
Fast Forward	$3.0	$6.2
Equinix	$5.0	$4.1
IAM.com	$4.0	$2.0
Telseon	$5.0	$5.0
MSHOW.com	$5.0	$5.9

Amber Networks

Vivace Networks

Current Value	Exit Value Income Adjustment Description
$6.2	$0.0	Acquired By Inktomi
$1.9	($2.2)	Exposure to current public market price
$1.0	($1.0)	Shutting down operations. Selling
		assets and distributing cash.
$5.0	$0.0	Just closed a round composed of $100
		MM equity and $75 MM vendor
		financina.
$5.9	$0.0	MSHOW was acquired by Qwest Digital
		Media for $50 MM. The value of the
		combined entity is $500 MM.
$1.5	$1.5	Additional shares: 125,000 for services
		to date and test outline. 62,500 for test
		commencement and completion.
$1.0	$1.0	100,000 shares acquired for signing
		Collaboration Agreement.

  $22.0 $23.2 $22.5 $0.0 ($0.7)

1st Quarter Investments ($ MM)

Company Investment Amount Description
  Lynx Photonics $3.0 LYNX is an Intelligent Optical Network (ION) Subsystems
Company with its own patented optical planar waveguide
switching technology. Lynx plans to provide communication
system vendors with photonic switching solutions.

EXH009-00982



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03/12 - 03/18

EXH009-00983






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City
Pooling Point Network I

North America - Running/Operating

EBS	Las Vegas	2.5G
EBS	Los Angeles	4608
EBS	New York	4608
EBS	Atlanta	2.5G
EBS	Chicago	4608
EBS	Dallas	4608
EBS	Denver	2.5G
EBS	New Orleans	2.5G
EBS	Portland	2.5G
EBS	Salt Lake City	2.5G
EBS	Seattle	4608
EBS	Houston (G/point)	2.5G
MFN	New York	2.5G
Exchange	San Francisco	2.5G
LayerOne	Miami	2.5G
AT&T	Houston(1301F)	2.5G
MFN	Washington DC	2.5G
EBS	San Jose	4608

Equipment Installed (subject to NOC connectivity)

MFN Philadelphia	2.5G
MFN Washington DC	2.5G
EBS Boston	2.5G
Cities/POPS	18 21

Europe & Asia - Running/Operating

Telecity	London	4608
Telecity	Amsterdam	10G
Interxion	Frankfurt	10G
Intention	Dusseldorf	1OG
Interion	Brussels	1OG
LD Corn	Paris	1OG
ComSpace	Tokyo	10G

Cities/POPS 7 7
Total 25 28

Lit Footprint (cu

Western Build	Seattle-Portland-Salt Lake City-Las Vegas-Los Angeles
Wasatch Build	Salt Lake City-Denver
Texas Extension	Denver-Amarillo-Dallas-Austin-San Antonio-Houston
Gulf Route	Houston-New Orleans
GST Swap	Los Angeles-Sacramento-San Jose
MFN Swap	New York-Washinqton DC

	Equipment	Number
	In Field Servers	
1,865	Streaming Servers Installed at Site	
612	G2 Servers	270
1,562	WMP Servers	44
386	Total	314
786		
249	Billable Streaming Servers in UCL/ULP	
5,460	G2 Servers	229
	WMP Servers	41

Dark Fiber Footprint (currently in possession) Total 270

				
				
• ` v				Infrastructure Servers Installed at Site
Western Build	Seattle-Portland-Salt Lake City-Las Vegas-Los Angeles	1,865	1,865	Sun Netra T1400 (Europe)
Wasatch Build	Salt Lake City-Denver	612	612	NOC MediaCast Monitoring
Texas Extension	Denver-Amarillo-Dallas-Austin-San Antonio-Houston	1,562	1,562	Total
Gulf Route	Houston-New Orleans	386	386	
MFN Swap	New York-Washington DC	249	249	
GST Swap	LA-Sacramento-OAK-SJ spur (Portland-Sac Q1 2001)	786	786	
360 Swap	NO-Chicago-Denver (Chicago-Boston Q1 2001)	2,097	2,097	
FECT Swap	Atlanta-Jacksonville-Florida Ring	0	780	
DTI Swap	Denver-Kansas City-Omaha-Des Moines-Chicago	682	0	Dark Fiber Miles
				Received
AT&T Swap	Boston-New York	0	0	Contracted
Qwest Swan	various routes	0	469	

Dark Fiber Miles (in total

Complete Enron Build
Complete Swap Received
In Progress Swap Received
TOTAL

Metro Dark Fiber Miles (in total)

Spurs to PoPs Newark, Philadelphia, Wilmington (DE), Baltimore
Metro Fiber Rings Chicago, New York, San Francisco, Portland, LA, DC
New York Other New York

  TOTAL

Conduit Miles

  1 Sail Lake i,iiy-Denver-Anlardw
  2 Amarillo-Dallas-Austin-San Antonio-Houston
2 Houston-New Orleans
TOTAL

8,239	8,806	Lit Fiber Footprint Miles
		Dark Fiber Miles
_-	r,1r7T-~.~.	DS-3 (months)
3,866	154,510	TCV (millions)
4,373	56,502	
3,111	146,724	Servers (Installed per Network Ops)
1,350	357,736	
		IP Transit (DS-3 Months)
		Pooling Point

  5
23
28

8,239
21,350
5,460

357,736
5,209
$1,155

314
20,500

	Operating		28
	Cities		25
36 691	Simultaneous Streams (@300 kbps)	G2
WMP	150
300
various 4,503			
6 133		
G2	
1
5
328	Simultaneous Streams (@20 kbps)		
,		MP
W MP	2,000
	Utilization @20 kbps 810% Simultaneous	G2	2.56%
	Viewing	WMP	0.14%

l ,ua 1 l ,ua 1
1,083 2,166
386 772

Cost

$4,266
304
$4,570

$3,618
283
$3,901

EXH009-00984


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MediaCast

Project Delivery Status Actual $ Frcst $
MC 3.0 3/30/2001 On Sched. TBD 0.25

IPNet Connect

Project Delivery Status Actual $ Frcst $

IPN 1.2	Released	TBD	0.22
IPN 1.2- SWE	3/31/2001 Released	TBD	TBD
IPN 1.3	4/1/2001	TBD	0.39

BOS

Project	Delivery	Status	Actual $ Frcst $
QOD	1/24/2001	Released	2.75 4.00

Control Systems
Project Delivery Status Actual $ Frcst $
PPCS 1.1 3/31/2001 On;Sched. TBD TBD

EXH009-00985


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		Global Syst	ems	
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Front Office Mid Office

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r-
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Era*iber
Deal valuation	OradetAcceas
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story f+~ri,	III:
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  FACT
Corfims

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  Back Office
Financial SAP

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  0''

U

EXH009-00986


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	Department	March 22	March	B/(W)
	Head	Actual	Budget	Variance
Office of the Chairman	Rice/Hannon	8	7	(1)
North America Business Units				
Wholesale Market Origination	Seeligson	41	19	(22)
Content Origination	Cox/DiMichele	41	37	(4)
Enterprise Marketplace Services	Echols	28	32	4
Semiconductor Services	Doshier	9	14	5
Media Services	Ondarza	8	10	2
Broadband Investments	Garland	9	9	-
Total North America Business Units		136	121	(15)
Global Business Units				
Europe	Elliott	113	* 110	(3)
Asia Origination	Duenner	13	37	24
Latin America	Waddell	9	10	1
Global Trading & Risk Management	Fallon	123	100	(23)
Total Global Business Units		258	257	(1)
Global Functions				
Network Engineering	Golden	228	227	(1)
Structuring	Surbey	42	36	(6)
Mid Office	Casari	59	39	(20)
Product & Information Engineering	Plante	280	170	(110)
Total Global Functions		609	472	(137)
Global Staff Functions				
Purchasing		15	12	(3)
Accounting & Transaction Support	Lord	40	38	(2)
Legal	Mordaunt	16	21	5
Corporate Development	Donahue	4	5	1
Human Resources	Barnard	31	26	(5)
Marketing/Public Relations	Kimberly	37	7	(30)
Business Controls & Security	Brindle	10	-	(10)
Finance	Howard	18	18	-
Total Global Staff Functions		171	127	(44)
TOTAL		1,182	984	(198)
Analysts/Associates		70	83	13
TOTAL EBS		1,252	1,067	(185)
*Europe Actuals as of 02/28/01.				

EXH009-00987