Message-ID: <19039521.1075840818041.JavaMail.evans@thyme> Date: Wed, 18 Jul 2001 17:16:19 -0700 (PDT) From: mark.breese@enron.com To: louise.kitchen@enron.com, david.marks@enron.com, william.keeney@enron.com Subject: Follow Up on Transport PV Quantities Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Breese, Mark X-To: Kitchen, Louise , Marks, David , Keeney, William X-cc: X-bcc: X-Folder: \ExMerge - Kitchen, Louise\'Americas\East Power X-Origin: KITCHEN-L X-FileName: louise kitchen 2-7-02.pst The following table summarizes the PV quantities associated with the three transportation contracts owned by the Navy Yard. You may use this number to look at the impact of a 1 cent change in demand rates (unitized) on the value of the transaction. Because pipeline demand charges do not flow as part of the sales price, an increase in the demand charge will result in a loss to the deal. As a reminder, the base valuation makes very reasonable (and conservative) assumptions regarding increases in pipeline demand charges over the term of the deal. Transcanada Iroquois Transco MDQ 25,508 25,253 30,303 PV Volumes 93,598,193 92,662,505 115,211,782 Mark S. Breese Director, Gas Structuring Enron North America P.O. Box 1188 Houston, TX 77251-1188 Phone: (713) 853-6751 Cell: (713) 419-1038