EXHIBIT 99.1
UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF NEW YORK
CHAPTER 11
IN RE: ENRON CORP., ET AL.,
DEBTORS CASE NOS. 01-16033,
THROUGH 01-16046,
01-16048, 01-16076,
01-16078, 01-16080,
01-16109 THROUGH
01-16111, 01-16280,
01-16319, 01-16428
THROUGH 01-16431,
01-16467, 01-16483
(JOINTLY ADMINISTERED)
MONTHLY OPERATING STATEMENT FOR
THE PERIOD DECEMBER 2 TO DECEMBER 31, 2001
DEBTORS' ADDRESS: Enron Corp. et al.
1400 Smith Street
Houston, TX 77002
DEBTORS' ATTORNEY: Weil, Gotshal & Manges LLP
767 Fifth Avenue
New York, NY 10153
REPORT PREPARER: Enron Corp. et al.
THIS OPERATING STATEMENT MUST BE SIGNED
BY A REPRESENTATIVE OF THE DEBTORS
The undersigned, having reviewed the attached report and being
familiar with the Debtors' financial affairs, verifies under penalty of perjury,
that the information contained herein is complete, accurate and truthful to the
best of my knowledge.
The undersigned also verifies that, to the best of my knowledge, all
insurance policies of the Debtors have been paid currently.
DATE: April 22, 2002 By: /s/ Stephen F. Cooper
---------------------------------------
Name: Stephen F. Cooper
Title: Interim Chief Executive Officer
and Chief Restructuring Officer
EXPLANATORY NOTES
PRIOR REPORTED FINANCIAL INFORMATION
As previously explained in the Company's Form 8-K filed with the Securities and
Exchange Commission (the "SEC") on November 8, 2001, the Company's prior
reported financial information for the fiscal years ended December 31, 1997
through 2000 and the first and second quarter of 2001 should not be relied upon.
In connection with preparing this monthly operating report (this "Operating
Report") of Enron Corp. (the "Company") and certain subsidiary
debtors-in-possession (In re Enron Corp., et al., Debtors, jointly administered
in the United States Bankruptcy Court for the Southern District of New York
(AJG) (the "Court")) (the "Chapter 11 Cases"), under the direction of current
management, certain information contained in the Company's accounting records
and reports was reviewed. Based on such review, current management of the
Company believes that the last reported financial information contained in the
Company's Form 10-Q filed with the SEC on November 19, 2001 should not be relied
upon.
In addition, the Company previously stated that it intended to restate such
prior reported financial information. However, as a result of the commencement
of the Chapter 11 Cases, numerous ongoing external investigations in which the
Company is fully cooperating (including investigations by the SEC, the
Department of Justice, the Department of Labor, the General Accounting Office,
the Internal Revenue Service, the Pension Benefit Guaranty Corporation, the
General Services Administration, the National Association of Securities Dealers,
Inc., the Federal Energy Regulatory Commission, the Federal Election Commission,
the Commodity Futures Trading Commission, the California, Connecticut and
Florida Attorneys General and numerous Congressional committees), numerous
lawsuits, the Company's limited resources, the absence of an independent auditor
and other considerations, current management believes that a restatement of
prior reported financial information is not feasible at the present time and
there can be no assurance of any such restatement in the future.
For the reasons set forth herein, current management of the Company has not
undertaken, and does not intend to undertake, a comprehensive review of
accounting adjustments, including asset impairments and write-downs, relating to
previously reported financial information, and has not prepared a consolidated
balance sheet of the Company as of December 31, 2001 prepared in accordance with
generally accepted accounting principles. However, current management believes
that, if such a review were conducted and balance sheet prepared, a significant
write-down of assets on such balance sheet would be required, which current
management estimates would be approximately $14 billion. Current management
believes that the substantial majority of such estimated amount would be
attributable to or the result of the commencement of the Chapter 11 Cases,
reduced expected sale values of certain assets or decisions to sell assets not
previously held for sale. In addition, the balance, a material portion of such
estimated amount, would relate to valuations of several assets the historical
carrying value of which current management believes may have been overstated due
to possible accounting errors or irregularities. Regardless of whether there
were accounting errors or irregularities, current management of the Company
believes that substantially all of such write-down of these several assets would
have occurred as a result of the termination of certain businesses subsequent to
the Chapter 11 filing. These several assets are not expected to be material to
2
the ongoing Company, the configuration of which is being developed and will be
included in a future filing in Court. The possible accounting errors or
irregularities relating to these several assets were not, to the best of current
management's knowledge, presented to the Board's Audit and Compliance Committee.
The Company's reported financial information for periods in 2001, including the
accounting treatment of these assets, was prepared by prior management and (in
the case of the first two quarters of 2001) reviewed by Arthur Andersen. In
addition to the aforesaid write-down of assets, current management has
identified potential downward adjustments on certain price risk management
assets(1) and collateral subject to set-off. These adjustments, which arise
primarily from the commencement of the Chapter 11 Cases, cannot be quantified
with certainty at this time, but will be quantified during the course of the
Chapter 11 Cases. Subject to the preceding, current management believes that
these adjustments could fall in the range of $8 - $10 billion. The information
provided above in this paragraph is based on a preliminary review by current
management of the Company in preparing this Operating Report of certain
information contained in the Company's accounting books and records relating to
certain items. Current management has not requested prior management or Arthur
Andersen to review this Operating Report, nor has current management had the
benefit of a review of this Operating Report by an independent auditor. No party
should rely on any previously reported financial information of the Company
prior to the commencement of the Chapter 11 Cases, nor should any reader of this
Operating Report place undue reliance upon the information contained herein.
The Company does not have an independent auditor and does not intend to provide
audited financial statements for the fiscal year ended December 31, 2001.
Additionally, because the Court-appointed Examiner (as defined and referred to
below) will be performing a comprehensive review of certain prior period
transactions, the Company has no present intention of providing unaudited
financial statements for the year ended December 31, 2001. Furthermore, it is
unclear whether it is the best use of the Company's resources in light of the
fiduciary relationship to creditors or relevant to the Company's future ability
to reorganize successfully under the bankruptcy laws to ever provide unaudited
or audited financial statements for the fiscal year ended December 31, 2001. As
stated in the Company's Form 8-K filed with the SEC on February 12, 2002, the
Company believes the existing equity of the Company has and will have no value
and that any Chapter 11 plan confirmed by the Court will not provide the
Company's existing equity with any interest in the reorganized debtor.
Additionally, the Company has included in this Operating Report and expects to
include in future Operating Reports a schedule of asset dispositions for the
relevant monthly period which will show the asset's carrying value on the books
of the Company from prior periods and the actual amount realized in each such
sale. Current management of the Company makes no representation as to the
accuracy of the carrying value of such assets previously reported in financial
information filed with the SEC.
- ------------------------------
(1) The company has historically engaged in price risk management activities for
both trading and non-trading purposes. Instruments utilized in connection with
trading activities are accounted for using the mark-to-market method. Under the
mark-to-market method of accounting, forwards, swaps, options, energy
transportation contracts utilized for trading activities and other instruments
with third parties are reflected at fair value and have historically been shown
as "Assets and Liabilities from Price Risk Management Activities" in the
Company's consolidated balance sheets.
3
Because of the commencement of the Chapter 11 Cases, the numerous external
investigations in which the Company is cooperating, and other factors noted
above, the Court has ordered the appointment of an examiner of the Company (the
"Examiner") who is charged to investigate, among other things, all transactions
involving special purpose vehicles, transactions that are not reflected on the
Company's prior reported balance sheets, transactions that involve hedging of
the Company's common stock and any other transactions as to which the Examiner
has a reasonable belief are reflected, reported or omitted in the Company's
prior reported financial information not in accordance with generally accepted
accounting principles. The Company expects to cooperate fully with the Examiner
in such investigation. The Company also intends to provide the Examiner and
governmental agencies investigating the Company with the information which it
has gathered that relates to the Company's concerns regarding possible
accounting errors or irregularities with respect to the historical carrying
value of certain assets.
This Operating Report may contain forward-looking statements that reflect, when
made, the Company's current views with respect to current events and information
relating to such statements. Such forward-looking statements are subject to many
risks, uncertainties and factors relating to the Company's operations and
business environment which may cause the actual results to be materially
different from any future results, express or implied, by such forward-looking
statements. Factors that could cause actual results to differ materially from
these forward-looking statements include, but are not limited to, the following:
the ability of the Company to continue as a going concern; the ability of the
Company to operate pursuant to the terms of the debtor-in-possession financing
facility; the Company's ability to obtain Court approval with respect to motions
in the Chapter 11 Cases prosecuted by it from time to time; the ability of the
Company to develop, prosecute, confirm and consummate one or more plans of
reorganization with respect to the Chapter 11 Cases; risks associated with third
parties seeking and obtaining Court approval to terminate or shorten the
exclusivity period for the Company to propose and confirm one or more plans of
reorganization, for the appointment of a Chapter 11 trustee or to convert the
Chapter 11 Cases to Chapter 7 cases; the ability of the Company to obtain and
maintain normal terms with vendors and service providers; the Company's ability
to maintain contracts that are critical to its operations; the impact of the
Chapter 11 Cases on the Company's liquidity or results of operations; the
ability of the Company to fund and execute its business plan; the ability of the
Company to attract, motivate and/or retain key executives and associates; and
the ability of the Company to attract and retain customers. The Company
disclaims any intention or obligation to update or revise any forward-looking
statements made in this Operating Report, whether as a result of new
information, future events or otherwise.
BASIS OF PRESENTATION OF MONTHLY OPERATING REPORT FOR DECEMBER 2001
Beginning on December 2, 2001 (the original petition date), the Company and
certain of its subsidiaries (collectively, the "Debtors") filed voluntary
petitions for reorganization under Chapter 11 of the United States Bankruptcy
Code in the United States Bankruptcy Court for the Southern District of New
York. Additional subsidiaries of the Company have continued to file since that
time. The Debtors continue to manage their businesses as debtors-in-possession
in the ordinary course of business.
The Company cautions readers not to place undue reliance upon the information
contained in this Operating Report. This Operating Report contains unaudited
information, and does not present a balance sheet of the Company. The
4
information is subject to further review and potential adjustment and may not be
indicative of the Company's financial condition or operating results that would
be reflected in the Company's consolidated financial statements. There can be no
assurance that this Operating Report is complete. Information is presented only
for the Debtors that have filed through December 2001 and therefore does not
include all entities that would be included with the Company's consolidation.
Moreover, the Company undertakes no obligation to update or revise the Operating
Report.
The following analyses are included:
Table 1 -- Cash Activity Rollforward
o Represents cash activity for each debtor, including payments and
receipts made by Enron affiliates on behalf of the debtors. Excludes
checks that were written but have not cleared the bank. Beginning
balance represents filing date.
Table 2 -- Tax Rollforward (Non-Payroll)
o Includes all taxes payable (net of tax refunds receivable) except
those related to payroll.
Table 3 -- Post-Petition Payables Aging - Non-Commodity
o Includes all post-petition payables except those related to
commodity trading.
Table 4 -- Receivables Aging - Non-Commodity
o Includes all trade and other receivables except those related to
commodity trading and tax refunds included in Table 2. The "other"
column represents unbilled receivables and other accounts and notes
receivable that have not been aged.
Table 5 -- Receivables Rollforward - Non-Commodity
o Includes all trade and other receivables except those related to
commodity trading and tax refunds included in Table 2. The "other"
column represents unbilled receivables and other adjustments.
Table 6 -- Commodity Receivables and Payables
o Represents receivables and pre- and post-petition payables related
to commodity trading. Certain of these receivables may be subject to
a right of offset against liabilities to the applicable counter
party.
Table 7 -- Asset Dispositions
o Includes all asset sales closed during the period, including those
made by non-debtor entities. Excludes activity relating to trading
contracts.
5
Table 1
Enron Debtors
Cash Activity Rollforward
For the Period from Filing Date through December 31, 2001
(In Millions)
Beginning 3rd Party 3rd Party
Debtor Company Case No. Cash Receipts Disbursements
- ------------------------------------------------------------------------------------------------------------------------------
Enron Metals & Commodity Corp. 01-16033 $ - $ 10 $ (4)
Enron Corp. 01-16034 37 35 (162)
Enron North America Corp. 01-16035 2 328 (23)
Enron Power Marketing, Inc. 01-16036 - - (17)
PBOG Corp. 01-16037 159 - (106)
Smith Street Land Company 01-16038 - - -
Enron Broadband Services, Inc. 01-16039 - 3 -
Enron Energy Services Operations, Inc. 01-16040 - 9 (5)
Enron Energy Marketing Corp. 01-16041 - 40 (2)
Enron Energy Services, Inc. 01-10642 4 45 (58)
Enron Energy Services, LLC 01-16043 - - -
Enron Transportation Services Company 01-16044 - - -
BAM Leasing Company 01-16045 - - -
ENA Asset Holdings, L.P. 01-16046 1 - -
Enron Gas Liquids, Inc. 01-16048 - 2 -
Enron Global Markets LLC 01-16076 - - -
Enron Net Works L.L.C. 01-16078 - - (4)
Enron Industrial Markets LLC 01-16080 - - -
Operational Energy Corp. 01-16109 - - -
Enron Engineering & Construction Co. 01-16110 - - -
Enron Engineering & Operational
Services Co. 01-16111 - - -
Garden State Paper Company LLC 01-16280 - - -
Palm Beach Development Company, L.L.C. 01-16319 - - -
Tenant Services, Inc. 01-16428 - 5 -
Enron Energy Information
Solutions, Inc. 01-16429 - - -
EESO Merchant Investments, Inc. 01-16430 - - -
Enron Federal Solutions, Inc. 01-16431 - - -
Enron Freight Markets Corp. 01-16467 - 1 -
Enron Broadband Services, L.P. 01-16483 - - -
-------------------------------------------------
Combined Debtor Entities $203 $478 $(381)
=================================================
Net Ending
Debtor Company Case No. Intercompany Balance
- ------------------------------------------------------------------------------------------------------------------------------
Enron Metals & Commodity Corp. 01-16033 $ (5) $ 1
Enron Corp. 01-16034 442 352
Enron North America Corp. 01-16035 (260) 47
Enron Power Marketing, Inc. 01-16036 17 -
PBOG Corp. 01-16037 (53) -
Smith Street Land Company 01-16038 - -
Enron Broadband Services, Inc. 01-16039 - 3
Enron Energy Services Operations, Inc. 01-16040 - 4
Enron Energy Marketing Corp. 01-16041 (30) 8
Enron Energy Services, Inc. 01-10642 33 24
Enron Energy Services, LLC 01-16043 - -
Enron Transportation Services Company 01-16044 - -
BAM Leasing Company 01-16045 - -
ENA Asset Holdings, L.P. 01-16046 - 1
Enron Gas Liquids, Inc. 01-16048 - 2
Enron Global Markets LLC 01-16076 - -
Enron Net Works L.L.C. 01-16078 4 -
Enron Industrial Markets LLC 01-16080 - -
Operational Energy Corp. 01-16109 - -
Enron Engineering & Construction Co. 01-16110 4 4
Enron Engineering & Operational
Services Co. 01-16111 - -
Garden State Paper Company LLC 01-16280 - -
Palm Beach Development Company, L.L.C. 01-16319 - -
Tenant Services, Inc. 01-16428 - 5
Enron Energy Information
Solutions, Inc. 01-16429 - -
EESO Merchant Investments, Inc. 01-16430 - -
Enron Federal Solutions, Inc. 01-16431 - -
Enron Freight Markets Corp. 01-16467 - 1
Enron Broadband Services, L.P. 01-16483 - -
----------------------------
Combined Debtor Entities $152 $452
============================
6
Table 2
Enron Debtors
Tax Rollforward (Non-Payroll)
For the Month Ended December 31, 2001
(In Millions)
Beginning Ending
Debtor Company Case No. Balance Accruals Intercompany Payments Balance
- -----------------------------------------------------------------------------------------------------------------------------------
Enron Metals & Commodity Corp. 01-16033 $ - $ (9) $ 10 $ - $ 1
Enron Corp. 01-16034 403 2,216 (2,674) - (55)
Enron North America Corp. 01-16035 7 304 (287) - 24
Enron Power Marketing, Inc. 01-16036 7 (114) 108 - 1
PBOG Corp. 01-16037 - - - - -
Smith Street Land Company 01-16038 1 4 (4) - 1
Enron Broadband Services, Inc. 01-16039 (5) 18 (13) - -
Enron Energy Services
Operations, Inc. 01-16040 (1) (131) 131 - (1)
Enron Energy Marketing Corp. 01-16041 (2) 54 (52) (1) (1)
Enron Energy Services, Inc. 01-10642 3 (42) 53 (1) 13
Enron Energy Services, LLC 01-16043 - - - - -
Enron Transportation
Services Company 01-16044 - (6) 6 - -
BAM Leasing Company 01-16045 - (46) 46 - -
ENA Asset Holdings, L.P. 01-16046 - - - - -
Enron Gas Liquids, Inc. 01-16048 (2) (17) 18 - (1)
Enron Global Markets LLC 01-16076 1 (5) 5 - 1
Enron Net Works L.L.C. 01-16078 1 (9) 9 - 1
Enron Industrial Markets LLC 01-16080 - (8) 8 - -
Operational Energy Corp. 01-16109 - - - - -
Enron Engineering &
Construction Co. 01-16110 - (2) 2 - -
Enron Engineering &
Operational Services Co. 01-16111 - - - - -
Garden State Paper Company LLC 01-16280 2 - - - 2
Palm Beach Development
Company, L.L.C. 01-16319 - - - - -
Tenant Services, Inc. 01-16428 - (3) 3 - -
Enron Energy Information
Solutions, Inc. 01-16429 - (2) 2 - -
EESO Merchant Investments, Inc. 01-16430 - - - - -
Enron Federal Solutions, Inc. 01-16431 - - - - -
Enron Freight Markets Corp. 01-16467 - - - - -
Enron Broadband Services, L.P. 01-16483 - - - - -
-----------------------------------------------------------------------
Combined Debtor Entities $415 $2,202 $(2,629) $(2) $(14)
=======================================================================
7
Table 3
Enron Debtors
Post-Petition Payables Aging - Non-Commodity
For the Month Ended December 31, 2001
(In Millions)
Current
Debtor Company Case No. 1-30
- ---------------------------------------------------------------------------------------------------------
Enron Metals & Commodity Corp. 01-16033 $ -
Enron Corp. 01-16034 5
Enron North America Corp. 01-16035 3
Enron Power Marketing, Inc. 01-16036 -
PBOG Corp. 01-16037 -
Smith Street Land Company 01-16038 -
Enron Broadband Services, Inc. 01-16039 -
Enron Energy Services Operations, Inc. 01-16040 -
Enron Energy Marketing Corp. 01-16041 -
Enron Energy Services, Inc. 01-10642 -
Enron Energy Services, LLC 01-16043 -
Enron Transportation Services Company 01-16044 -
BAM Leasing Company 01-16045 -
ENA Asset Holdings, L.P. 01-16046 -
Enron Gas Liquids, Inc. 01-16048 1
Enron Global Markets LLC 01-16076 -
Enron Net Works L.L.C. 01-16078 2
Enron Industrial Markets LLC 01-16080 -
Operational Energy Corp. 01-16109 -
Enron Engineering & Construction Co. 01-16110 4
Enron Engineering & Operational
Services Co. 01-16111 -
Garden State Paper Company LLC 01-16280 -
Palm Beach Development Company, L.L.C. 01-16319 -
Tenant Services, Inc. 01-16428 -
Enron Energy Information
Solutions, Inc. 01-16429 -
EESO Merchant Investments, Inc. 01-16430 -
Enron Federal Solutions, Inc. 01-16431 -
Enron Freight Markets Corp. 01-16467 -
Enron Broadband Services, L.P. 01-16483 -
---
Combined Debtor Entities $15
===
8
Table 4
Enron Debtors
Receivables Aging - Non-Commodity
As of December 31, 2001
(In Millions)
Current
Debtor Company Case No. 1-30 31-60 61-90 91+ Other Total
- -----------------------------------------------------------------------------------------------------------------------------------
Enron Metals & Commodity Corp. 01-16033 $ - $- $ - $ - $ 2 $ 2
Enron Corp. 01-16034 123 4 - (3) 66 190
Enron North America Corp. 01-16035 - - - - 36 36
Enron Power Marketing, Inc. 01-16036 - - - - (2) (2)
PBOG Corp. 01-16037 - - - - - -
Smith Street Land Company 01-16038 - - - - - -
Enron Broadband Services, Inc. 01-16039 - - - - 3 3
Enron Energy Services Operations, Inc. 01-16040 - - - - (7) (7)
Enron Energy Marketing Corp. 01-16041 - - - - - -
Enron Energy Services, Inc. 01-10642 - - - - 19 19
Enron Energy Services, LLC 01-16043 - - - - 4 4
Enron Transportation Services Company 01-16044 - - - - 1 1
BAM Leasing Company 01-16045 - - - - - -
ENA Asset Holdings, L.P. 01-16046 41 - - - - 41
Enron Gas Liquids, Inc. 01-16048 - - - - - -
Enron Global Markets LLC 01-16076 - - - - - -
Enron Net Works L.L.C. 01-16078 - - - - 2 2
Enron Industrial Markets LLC 01-16080 - - - - - -
Operational Energy Corp. 01-16109 - - - - 1 1
Enron Engineering & Construction Co. 01-16110 - 2 (2) 5 - 5
Enron Engineering & Operational
services Co. 01-16111 - - - - - -
Garden State Paper Company LLC 01-16280 - - - - 8 8
Palm Beach Development Company, L.L.C. 01-16319 - - - - - -
Tenant Services, Inc. 01-16428 - - - - - -
Enron Energy Information
Solutions, Inc. 01-16429 - - - - - -
EESO Merchant Investments, Inc. 01-16430 - - - - - -
Enron Federal Solutions, Inc. 01-16431 - - - - 5 5
Enron Freight Markets Corp. 01-16467 - - - - - -
Enron Broadband Services, L.P. 01-16483 - - - - - -
-----------------------------------------------------------------
Combined Debtor Entities $164 $6 $(2) $ 2 $138 $308
=================================================================
9
Table 5
Enron Debtors
Receivables Rollforward - Non-Commodity
For the Month Ended December 31, 2001
(In Millions)
Beginning Payments Other Ending
Debtor Company Case No. Balance Billings Received Adjustments Balance
- ----------------------------------------------------------------------------------------------------------------------------------
Enron Metals & Commodity Corp. 01-16033 $ 2 $- $- $ - $ 2
Enron Corp. 01-16034 217 - - (27) 190
Enron North America Corp. 01-16035 16 - - 20 36
Enron Power Marketing, Inc. 01-16036 (2) - - - (2)
PBOG Corp. 01-16037 - - - - -
Smith Street Land Company 01-16038 - - - - -
Enron Broadband Services, Inc. 01-16039 3 - - - 3
Enron Energy Services Operations, Inc. 01-16040 (4) - - (3) (7)
Enron Energy Marketing Corp. 01-16041 - - - - -
Enron Energy Services, Inc. 01-10642 1 - - 18 19
Enron Energy Services, LLC 01-16043 4 - - - 4
Enron Transportation Services Company 01-16044 1 - - - 1
BAM Leasing Company 01-16045 - - - - -
ENA Asset Holdings, L.P. 01-16046 41 - - - 41
Enron Gas Liquids, Inc. 01-16048 - - - - -
Enron Global Markets LLC 01-16076 - - - - -
Enron Net Works L.L.C. 01-16078 1 - - 1 2
Enron Industrial Markets LLC 01-16080 - - - - -
Operational Energy Corp. 01-16109 1 - - - 1
Enron Engineering & Construction Co. 01-16110 6 - - (1) 5
Enron Engineering & Operational
Services Co. 01-16111 - - - - -
Garden State Paper Company LLC 01-16280 9 - - (1) 8
Palm Beach Development Company, L.L.C. 01-16319 - - - - -
Tenant Services, Inc. 01-16428 - - - - -
Enron Energy Information
Solutions, Inc. 01-16429 1 - - (1) -
EESO Merchant Investments, Inc. 01-16430 - - - - -
Enron Federal Solutions, Inc. 01-16431 5 - - - 5
Enron Freight Markets Corp. 01-16467 - - - - -
Enron Broadband Services, L.P. 01-16483 - - - - -
-----------------------------------------------------------------
Combined Debtor Entities $302 $- $- $ 6 $308
=================================================================
10
Table 6
Enron Debtors
Commodity Receivables and Payables
As of December 31, 2001
(In Millions)
Debtor Company Case No. Receivables Payables
- -----------------------------------------------------------------------------------------------------------------
Enron Metals & Commodity Corp. 01-16033 $ 33 $ 8
Enron Corp. 01-16034 - -
Enron North America Corp. 01-16035 1,944 2,190
Enron Power Marketing, Inc. 01-16036 2,271 2,451
PBOG Corp. 01-16037 - -
Smith Street Land Company 01-16038 - -
Enron Broadband Services, Inc. 01-16039 171 -
Enron Energy Services Operations, Inc. 01-16040 157 -
Enron Energy Marketing Corp. 01-16041 220 2
Enron Energy Services, Inc. 01-10642 738 24
Enron Energy Services, LLC 01-16043 - -
Enron Transportation Services Company 01-16044 - -
BAM Leasing Company 01-16045 - -
ENA Asset Holdings, L.P. 01-16046 - -
Enron Gas Liquids, Inc. 01-16048 40 18
Enron Global Markets LLC 01-16076 - -
Enron Net Works L.L.C. 01-16078 - -
Enron Industrial Markets LLC 01-16080 - -
Operational Energy Corp. 01-16109 - -
Enron Engineering & Construction Co. 01-16110 - -
Enron Engineering & Operational
Services Co. 01-16111 - -
Garden State Paper Company LLC 01-16280 2 -
Palm Beach Development Company, L.L.C. 01-16319 - -
Tenant Services, Inc. 01-16428 (4) -
Enron Energy Information
Solutions, Inc. 01-16429 - -
EESO Merchant Investments, Inc. 01-16430 - -
Enron Federal Solutions, Inc. 01-16431 - -
Enron Freight Markets Corp. 01-16467 5 1
Enron Broadband Services, L.P. 01-16483 6 -
-------------------------------
Combined Debtor Entities $5,583 $4,694
===============================
11
Table 7
Enron Entities
Asset Dispositions
For the Month Ended December 31, 2001
(In Millions)
Asset Book
Company Date Closed Description Value Proceeds
- ---------------------------------------------------------------------------------------------------------------------------------
Debtor Companies
- ----------------
None
Non-Debtor Companies
- --------------------
Enron Wind Development Corp. 12/28/2001 160-megawatt Indian Mesa
Wind Power Project located
in Texas $152 $153
12