Energy Operations Name, Title

2 Overview of Services Daily trading P&L reporting Position reporting and limit monitoring Deal validation and confirmation Physical product scheduling/optimization Cash management and settlement

3 Deal Flow SETTLEMENTS Executes Invoice or Payment and Resolves any Customer Inquiries SETTLEMENTS DEAL COMPLIANCE Validates Economic Deal Terms and Prepares Confirmation DEAL COMPLIANCE Validates Economic Deal Terms and Prepares Confirmation RISK ANALYSIS Analyzes P&L and Positions and Reports to Trader RISK ANALYSIS Analyzes P&L and Positions and Reports to Trader Trader Executes Deal LOGISTICS Schedules Commodity LOGISTICS

4 Product & Commodity Focus Physical Commodities Financial Products Gas Power Pulp & Paper Weather Derivatives Energy Price Derivatives Energy Price Derivatives Foreign Exchange Foreign Exchange Interest Rate Interest Rate Equities

5 ENA Energy Operations 5 Risk Analysis & Consolidated Risk Reporting Shona Wilson Risk Analysis & Consolidated Risk Reporting Shona Wilson Gas Operations Brent Price Brenda Herod Emerging Products Scott Earnest Regions : Central (Price) East (Price) West (Price) Texas (Herod) Products: Equities Foreign Exchange Interest Rate Regions/Desks: East Emissions Credits Genco West (Portland) Daily P&L Reporting Position Reporting Deal Support Trader Support Gas Logistics Confirmations Settlements Cash Management Daily P&L Reporting Position Reporting Deal Support Trader Support Gas Logistics Confirmations Settlements Cash Management Curve Validation Portfolio Risk Analysis Risk Controls Monitoring Daily Position Reports Risk Systems Integration Curve Validation Portfolio Risk Analysis Risk Controls Monitoring Daily Position Reports Risk Systems Integration Global Database Management Mary Solmonson Global Database Management Mary Solmonson Global Contract Global Counterparty Global Facility EnTelligence Records Mgmt. Global Contract Global Counterparty Global Facility EnTelligence Records Mgmt. Power Operations Kristin Albrecht Leslie Reeves Merchant Portfolio Weather Derivatives Todd Hall Global Financial Products Sheila Glover Commodities Paper & Pulp Coal EnronOnline Operations Sheri Thomas Enron Canada Peggy Hedstrom Operations Pricing Model James Scribner

6 Factoids Energy Operations captures risk for and confirms over 19,000 transactions each month  40% Natural Gas  30% Power  30% Financial Energy Operations reports P&L on over 500 active risk books

7 Functional Areas Risk Analysis & Consolidated Reporting Trading Operations: Mid and Back Office Global Data Management Strategic Initiatives

8 Functional Responsibilities Risk Analysis & Consolidated Reporting  Enforce trading controls – Validate risk measures – Monitor trading limits – Review curves for validity  Create Daily Position Report (DPR)  Analyze/report risk and trading P&L worldwide  Integrate risk systems

9 Functional Responsibilities Trading: Mid and Back Office  Report daily P&L and positions  Provide issue resolution and analytical support for dealers and traders  Validate economic terms – Verbally confirm NYMEX and OTC trades with counterparty and/or broker  Execute and monitor confirmations  Execute invoices and payments  Manage and forecast cash flow

10 Functional Responsibilities Global Data Management  Maintain global databases (Contracts, Counterparties, Facilities) along with SAP and Rate Services  Generate contracts and amendments  Monitor and coordinate name changes and mergers  Coordinate Dunn & Bradstreet data sources  Provide information to internal customers to enhance marketing activities ( EnTelligence Project)

11 Functional Responsibilities Strategic Initiatives - Value Added Services  Manage implementation of widely used systems  Manage records, including – Non automated confirmations – Official contract files – Online imaging system  Create/manage operational services pricing model  Financial planning and analysis for Energy Operations  Special projects as needed

12 Analyst/Associate Opportunities in Energy Operations Daily P&L Reporting Position Reporting Deal Support Trader Support Gas Logistics Risk Analysis

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