=============
Page 1 of 1
=============

4:
Currant TNPC S4ark t Vak, 7.00
Currv g ENE M.rkot Val- S 70.0 4 R V

Rapbr1

  A:wgs) Contributed

ENE C n non Slodt
Forerad on ENE Connate Slodc
Total ENE Carndh Stock
Pmmissory Not.
Cash
TOW
H&kpd Erposwv
Pu(Acs
Privates
Total

..pt- 2 Forward on ENE Common Stock
PmnJssory Not.
  C.ah
iota/
Herknd Exposgaes
South American 1 1Cs
Hrrovor Canpmssor
Total

Raptor 4 Forward on ENE Conrnrn Stock
Prarissory Note
  Cast,
  rot.l
  Hedcled Exposaes
Notional Capacity


Summery d Raptor Transactions
As of 317101
  ,

  (a) (b)
Contributed Sham Undlscoulted Olecotadad

ENE Shares Prig Contribution Valve Contribution Value
3,739,175 (a) S 70.50 $ 263,811.838
  3,876,755 (b) f 70.50 $ 273,311,229
  5 536,923,065 $ 350,00,000
$ 50.000,000 S 50,000.000
S 1,000 S 1.000
i 586,924.065 3 400,001,000 6

Ale/ Notional Amount
S 349,135,51
S 276,390,332
625 525,646
7809,790 (b) $

Not Notional Anent
460,000,000
  53,095,720
1 513,095,720
6.326,045 (b) $

Notional Amam(
522 376,483

68.75 S 536,923.063 S 350,000,000
S 58.000.000 $ 50.000,000
S 1,000 S 1,_000
  S 586,924,063 $ 400,001,000 S

84.66 $ 536,923,069 i 350,000,000
$ 50,000,000 $ 50.000,000
S 1.000 $ 1,000
  S 506,924,069 S 400,001,000 $

  (c) ;(d)-Mib)Hc)
L.ld Equity h iitiei credit
Investrr.nt Capacity
G

		
		
x		
l		
		Change In
Dleltlkutlon to	Cenbillmilaid Stack
l UM		fair" Wumplisn)

SW(SEC)0002

  (g) (h) (d)+(e)+(1Hig)Md
Rapbr hedge net Other Cln.rb Gait

36,000,000 $ 222,923,065 S (41,000,000) S 79,96755 (I) S (421,872,967) S 24,127,011 (e) $ (135,0.55,646) ,

31.100,000 S 218,023,063 S (41,000,000) S 79,074,124 (9) $ (23,229,379) $ 19,209.540 (a) S 252.077,646

30,000.000 5 215,923,069 S (40,469,684) $ (200,242,674) (hj) $ - $ 24.622.723 (e) S 1133,434

		(+)	(b)	(c)	(e) (t)	(9)	(h) (dH -)*M-(tl)+(h)
					Change In		
		Contributed Sham UndlscqunNd	Discounted	UM Equity bullet Credit	Dlatribulon to Contributed Stock	Rapier /edge net	other cuff-to Credit
Vddde A...1(.) Contributed	TNPC Sham.	Plc. Contribution Value Contribution Value	klve.tment Capacity	UM (.inc. kwptlon)		krcon.l(Loea) Capacity
Rapkx 3 TNPC Wenants	24,117,000	S 10.75 $ 259,268,350	We				
Pnwlssory Not.		S 50.000.1100	We				
Cash		$ 1,000	NI				
Tdd		$ 309,267.350 S	309,287,350 S	30.000,000 S 536,474,600 (c)	$ (39,500,000) $ (337.649,200) (,	S (247,383,899) i	(1.407,100) (a) $ (69,445,399)
tbdu.d E.posums	Notions$Amard						
18,008,400 TNPC Won.nb	$378,176,400						
Tote' 3lnacwn.e						S (892,468,254)	S 27,810,037

  Are.,..a
te) Slam. rooihulad by ENE th.aph cet6ament d UBS kworard position.
(b) Shares co*rkilaAad by torwwd purchase ENEE. emnaric interest In 1Nhllewklg ('WW) pa tnauNp.
(c) Amasd represents cantripdod TNPC shares ( 121/share plus U M3 InIW bwestrnenl.
(d) An o nt is cak,.aled as dhenne In contributed TNPC stock since (.dips vmm pd In piece at S2Ushare (.. 24 MM shires' ($21-SGarent TNPC Market Vdus).
(a) Amont represents asradadve Raptor lnronrol(e)pense) other Bin dscwk amor0zallon on ENE shre., TMs b prknaily, 8m net amount o( put pteniatw earned end Merest expense.
10 R.p4O I Enron eteeas am hedged out .tote . $81 put and $115 cal.
(0) Repb 2 Eden shame ere hedged out vABh a $78.875 put end $111.8833 ad.
(h) 1-kdes .n ed)usinod bar aro shale shaBall t them Is any.
() Raptor 4 Emon shares re hedged out with a $93 put and 1112.416 a1.

kW W FNE Shock Parks
  ENE Shares held by V4W
Osprey 144A Debt adstandng
Subtotal: Ronalning value
Replay I u,gnndhrWnt
Raptor 11 commlknenl
Rapta N caarittt.nt
  Easrrg O.Isnc.

c morel-7 vcs

EXH063-00779

	$ Equivalents	Sham Equivalents Sham Re	qukenmrrl. Share Shorfa9
1	70.00		
50,000,000 S	3,500,000,000	50,000,000	
3	2,427,500,000	34,678,572	
$	1,072,500,000	15.321,428	
4	271,372,830	3,875,755	3,670,755 -
S	546,665.300	7.809.790	7.809,700 -
S	254,441,610	3,634,883	6,328,045 (2,691,162)
i	40		(2,891,162)


  .Ire

  912112001 4.07 PU

GOVERNMENT
EXHIBIT
  4139
Crim. No. H-04-25 (S-2)