En cr~ C ~ Servic~z
 40p   ~~a'iiei P.es~
 Fin~ri~ial Impact Swnrnar~, .~y ~eal

Polaroid

Archdiocese of Chicago


Owens Corning


Tyco


Springs


Quebecor

 ..non


Suiza


Packaged Ice

Asian option booking error

Termination for convenience (Subjective)

Unbooked Fuel oil option

Reforecasting results
- Chgs. in load

Unbooked option on Whsl Index prior to Dereg

Tariff exposure from Dereg. date shift (Range neg. $3 to $1 6M)

OWC Option to close two facilities

Unwind exposure upon booking DSM longs

Additional facilities priced on '98 historical cost

Early Termination exposure

Unbooked Option

Tariff exposure from Dereg. Date changes

Float risk, Cost of working capital

Original booking allocated 5% discount to power versus 950/a

Potential error in allocation between CAM and tenants
 (1% error equals $6M neg. exposure)

Revised baseline is significantly lower than original

Unbooked option to price JV's based on original deal terms (Pre.
negotiation)

 Unbooked option to share savings on OSM projects

 Redistribution risk - spread between tariff classes not exceeding
 19% savings given to Simon; Model not updated

 Unbooked water position

 Estimated Volume Reforecast results

 Unbooked Cold Storage, Water Sludge and other fuels positions

 Site not included in Risk books found through URM analysis

 Preliminary reforecasfing results

(0.50)

(16.00)

(16.00)

 (0.30)

(21.00)

 (5.00)


(13.50)

 (7.00)

 (9.60)

(60.00)


(30.20)


 (2.00)


(18.00)


 (1.20)

 (6.40)

 (6.90)

 (11.00)


 (12.00)

(250.60)

Booked in Official books


Checkw/ Underwriting


 Renegotiated; check wI Underwritin

							     GOVERNMENT
							       EXHIBIT
								7201
							       Crim No H-04-0025

Chase                                                                          0

									    (5.00)

									    (1.00)

									    (8.00)

I