1. Location of Enron Assets
NPCC
MAPP
Chicago (240)
Sarnia (320)
Manhattan (650)
MAIN
MAAC
ECAR
WSCC
SPP
Wheatland (503)
LV Cogen (270)
Pastoria (750)
Gleason (533)
Brownsville (492)
New Albany (391)
Caledonia (498)
SERC
ERCOT
Doyle (340)
Enron
City (Capacity, MW)
In Operation
Under Construction
Development

2. Location of Combined Enron/Reliant Assets
MAPP
NPCC
McHenry (500)
Chicago (240)
Sarnia (320)
MAAC
Hope (500)
Manhattan (650)
WSCC
MAIN
Aurora (924)
SPP
ECAR
JDA (700, 250)
Shelby County (340)
Wheatland (503)
Pastoria (750)
LV Cogen (270)
Details for plants in PJM area:
- Shawville, Pa (603)
- Portland, Pa (570)
- Gilbert Project, NJ (538)
- Sayreville, NJ (453)
- Conemaugh, Pa (291)
- Keystone, Pa (291)
- Titus, Pa (274)
- Werner, NJ (212)
- Seward, Pa (196)
- Glen Gardner, NJ (160)
- Warren, Pa (139)
- Hunterstown, Pa (60)
- Wayne, Pa (56)
- Mountain, Pa (40)
- Tolna, Pa (40)
- Piney, Pa (27)
- Hamilton, Pa (20)
- Orrtana, Pa (20)
- Shawnee, Pa (20)
- Deep Creek, Md (18)
Total MWs = 4,028 MW
Etiwanda (1,046)
Gleason (533)
El Dorado (246)
Brownsville (492) -
Ellwood (53)
Coolwater (658)
JDA (530)
New Albany (391)
Mandalay (560)
Caledonia (498)
Desert Basin
SERC
Generating (560)
Ormond Beach (1,500)
ERCOT
Doyle (340)
Reliant/Enron
City (Capacity, MW)
In Operation
Development
Purchased
Under Construction
Channelview (780)
Sabine (50)
Details for plants for HL&P:
- W.A. Parish (3,654)
- Cedar Bayou (2,260)
- P.H. Robinson (2,213)
- Limestone (1,532)
- T.H. Wharton (1,254)
- S.R. Bertron (844)
- Greens Bayou (760)
- Webster (387)
- Deepwater (178)
- San Jacinto (162)
- H.O. Clarke (78)
Total MWs = 13,322 MW
Osceola (460)
South Texas (770)
Titusville (619)

3. Portfolio Comparisons

4. Stock Performance Comparisons (As of April 25, 2000)
100
200
300
400
500
600
700
Apr-99
May-99
Jun-99
Jul-99
Aug-99
Sep-99
Oct-99
Nov-99
Dec-99
Jan-00
Feb-00
Mar-00
Apr-00
Relative Performance (Base 100, April 9, 1999)
Enron
Calpine
AES
REI
DJ Utility
Current P/E Forward P/E*
Calpine
AES
Enron
REI
* Source: Bloomberg as of April 25, 2000

5. 1999 and 2000 Merchant Peaker Projects
1999 Projects Brownsville, Tennessee 492 MW ISO SERC 1999 Summer Caledonia, Mississippi 498 MW ISO SERC 1999 Summer New Albany, Mississippi 391 MW ISO SERC 1999 Summer
2000 Projects Manhattan, Illinois 650 MW ISO MAIN 2000 Summer Gleason, Tennessee 533 MW ISO SERC 2000 Summer Wheatland, Indiana 503 MW ISO ECAR 2000 Summer
3,067 MWs positioned in multiple high value energy markets:
TVA-SERC, CINergy-ECAR, ComEd-MAIN
Access to:
55% of total US electricity demand
80% of Eastern Interconnect
Proximity to:
Multiple major interstate gas pipelines
34 electric transmission systems
Several power trading hubs, including: TVA-CBOT, CINergy-Nymex, ComEd-CBOT

6. Generation Summary
Enron North America (“ENA”) will have in excess of 3,000 MWs of gas-fired, peaking electrical power in the Southeast and Midwest power markets by the Summer of 2000:
Midwest Region: - 1,153 MWs in merchant capacity in Illinois and Indiana
Southeast Region: - 1,914 MWs in merchant capacity in Mississippi and Tennessee MWs (170 net) in Georgia under L-T toll with a third party
ENA has additional opportunities in operation and in advanced stages of development throughout the US and near the Canadian border:
Western Region: MW combined cycle for ‘03 COD in Bakersfield, California MW qualified facility with merchant peaker expansion of 220 MW for early ‘02 COD in Las Vegas, Nevada
Midwest Region: MW (120 net) peaker for Summer ‘01 COD near Chicago, Illinois MW peaker for Summer ‘01 COD near Sarnia, Ontario (Port Huron, MI)