Enron North America
Phase I Bids (All amounts in $ Millions)	
Bidder	Allegheny
Energy	AES
Pacific	American Electric Power	Aquila Energy	Calpine Corp	Cinergy Corp	DPL Inc.	Duke Energy	Dynegy	Edison Mission Energy	El Paso	Intergen	LG&E Energy Corp.	NRG Energy (13)	Orion Power	PECO Energy	PG&E	Pinnacle West	PSEG Global	Southern Energy	Tenaska	
Gleason	$330	N/B	$150	$240	$214	$302	N/B	$290	$300.3	N/B	$214.41	N/B	$252		-	-	N/B	N/B	-	N/B	-	
Wheatland	$284	N/B	N/B	$224	$192	$276	$205	$235	$280.9	N/B	$135.459	N/B	$220		-	-	N/B	N/B	-	$206	-	
Lincoln	$380	N/B	N/B	N/B	$270	$237	N/B	$315	$360.8	N/B	$149.659	N/B	N/B		-	$292(15)	N/B	N/B	-	$284	-	
Peakers Total	$994	N/B	N/B	N/B	$676	$815		$850(6)	$945.0		$499.528					$680(16)			$923	N/B		
																						
LV Cogen	$28(1)	$15	$37	N/B	$26	N/B	N/B	N/B(7)	-	N/B	-	-	N/B 		-	N/B	N/B	-	-	-	N/B	
LV Cogen II	$7(2)	$13(3)	$633.1(5)	N/B	$14	N/B	N/B	N/B(7)	-	N/B	-	-	N/B		-	N/B	N/B	-	-	-	N/B	
LV Cogen Total	$35(1)(2)	$28(3)	$725.1(5)	N/B	$40				$18.6(21)		$65.090	$7(11)				$26.5(19)		$29.1(21)		$51(22)		
																						
Pastoria	N/B	$35(4)	$633.1(5)	N/B	$33	N/B	N/B	$108(8)	$37.5	$20(10)	$5.815	$40(12)	N/B		-	N/B	$11.1 (17)	$24.5 (18)	N/B	$19.2 (18)	N/B	
																						
Portfolio Total	N/B	N/B	N/B	N/B	$749	N/B	N/B	N/B	$1085(9)	N/B	$570.433	N/B	N/B		$750(14)	N/B	N/B	N/B	N/B	N/B	$950 (20)	

* Bolded amounts represent highest bids in respective categories
(1)	Exclusive of Sunco.
(2)	Plus LV Cogen II incurred construction costs.
(3)	Assumes bid amount of $13MM plus $5.4MM in development costs at time of sale for LV Cogen II. 
(4)	Plus $78.8MM in development costs at time of sale for Pastoria. 
(5)	Aggregate bid of $633.1MM for LV Cogen II and Pastoria, not broken down. 
(6)	Reflects a premium of $10MM if all three peaker plants are acquired as a package. 
(7)	Although proposal does not cover Project LV, cover page of proposal mentions Project LV.	(8)	$187MM less $78.8MM in development costs.
(9)	No breakdown of bid price for entire portfolio provided.
(10)	Plus development expenses incurred by Enron prior to closing.
(11)	Plus reimbursement of development costs and assumption of existing debt. 
(12)	Plus reimbursement of development costs.
(13)	Bidder is interested in entire peakers, Project LV, and Pastoria; submitted Round I Proposal but elected to “withhold any discussion of financial consideration until Enron’s position on its continuing involvement is understood”. 
(14)	Price for entire portfolio, not broken down.
(15)	Price for Lincoln alone verses package price.	(16)	Price for all peakers (including Lincoln) not broken down per asset.
(17)	Plus $19.9MM reimbursement of equipment payments through date of sale and 
	$58.9MM reimbursement of development costs incurred through date of sale.
(18)	Plus $78.8MM development costs.
(19)	Plus assumption of $55MM of debt associated with LV Cogen I  net of LV Cogen II Capital Cost ($16.8MM) and Enron N.A. development costs ($5.4MM)
(20)	Price includes peakers plus 1999 peaker assets (Brownsville, Caledonia, New Albany). Although bidder did not have sufficient time to value and include in bid, Project LV and Pastoria, will be willing to discuss inclusion thereof.  
(21)	Plus $5.4MM in development costs for LV Cogen II and $55M of debt associated with LV Cogen I.
(22)	Net of $55MM of debt associated with LV  Cogen I.