1. 2006 BAYTOWN TURNAROUND Unit could not sustain full rates after Hurricane Rita Planned Turnaround for 3Q06, moved forward to 1Q06

2. SAFETY Combined owner and Contractor TRIR of.86 Over 463k combined owner and Contractor man-hours One contractor recordable injury suffered de-torquing of exchanger bolts One owner recordable injury suffered during electrical substation troubleshooting of a routine maintenance job 13 first aids documented. 35 near misses documented. Over 31,000 hazards mitigated or eliminated Over 5,500 permits written Falling objects were the biggest safety challenge

3. QUALITY Weld repair rate of 3% One flange leak on start-up One major rework involving the blow out of a heat exchanger tube plug on start-up

4. SCHEDULE Turnaround planning effort approx. 40% complete when the signal was given that the T/A would begin in 2 months Work completed one day ahead of schedule (52 days) Schedule challenged by turnover rate of approximately 40% by key Contractors. Leveraged in-house Contractors to overcome turnover. Worked 7 days per week on all work. Major vessel refurbishment was anticipated critical path but, ultimately the major overhaul on our Gas Turbine became critical path.

5. COST Met overall cost objective Escalating labor rates accounted for 4% of the budget Contractor productivity better than plan by 6% Repairs in the major vessels less than anticipated

6. OTHER Long lead material delivery challenged schedule No issues regarding equipment availability