RAC's high risk projects

Rick:

This week ads the following to the projects marked red (high risk).
Project Originator Description
Datacetnric Broadband Reese Soares Incremental investment of $3million in
wireless broadband company - EIP
LeC 6 John Goldbold Potential incremental investment to visual Bridge
($5.4 million) - EIP
Project Manhattan Tim Detmering Project Restructuring. - EWS

Note: EIP stands for Enron Investment Properties.

Please let me know if you have any question.

Brgrds

AI
3-3037

----- Forwarded by Amr Ibrahim/ENRON_DEVELOPMENT on 06/01/2001 01:26 PM -----

Amr Ibrahim
05/11/2001 05:35 PM

To: Richard Shapiro/NA/Enron@Enron
cc: James D Steffes/NA/Enron@Enron, Mary Schoen/NA/Enron@Enron
Subject: RAC's high risk projects - May 11th

Rick:

This week ads the following to the projects marked red (high risk).
Project Originator Description
Powertek Jeff Golden Equity investment in fuel cell company with Cisco

Suggest action item: Inform Mary Schoen and compile comments, if any.

The list below from last week continues to be flagged as "red".

Please let me know if you have an question.

Brgrds

AI

----- Forwarded by Amr Ibrahim/ENRON_DEVELOPMENT on 05/11/2001 05:20 PM -----

Amr Ibrahim
05/04/2001 04:55 PM

To: Richard Shapiro/NA/Enron@Enron
cc: Leslie Lawner/NA/Enron@Enron, Alberto Levy/SA/Enron@Enron, James D
Steffes/NA/Enron@Enron
Subject: RAC's high risk projects.

Rick:
This email aims at keeping you informed of the projects that RAC process has
assigned the highest level of risk. In this category, the red flag category,
there are five projects, namely:
Project Originator Description
Dolphin R. Bersieker JV to develop gas fields - Qatar, $25m at stake,
total Capex $2.7B if go ahead.
Tarpon Alan Keel Form Exploration JV ($10m)
Engen Jeff golden 50 MW peaking facility in NM ($17.3m)
Jose Development of LNG Liquefication facility ($700m) - Venezuela.
Empire Tim Detmering Project Restructuring ($170m).

In addition to communicating with Lesile and Alberto for projects 3, and 4,
respectively, and compile GA comments for RAC, if any, I shall advise you
shortly on suggested action items for the remaining 3 projects.

It is noteworthy that the remaining 40 projects in RAC's "Hot Deals" are
assigned either yellow, or green flags indicating either medium or low risks.

Please let me know if you have any question.

Brgrds

AI
3-3037