Constellation relationship:


Constellation Power Source, Inc.
	Financial trading with ENA (ISDA)
	Physical natural gas trading with ENA (GTCs)
	Physical coal trading with ENA (GTCs)
	Physical power trading with EPMI (Master Physical - power)


Constellation Power Source Generation, Inc.
	Physical coal trading with ENA (GTCs)



Guaranties:	Incoming
		$5 MM from Constellation Energy Group
			Covers financial trading of natural gas
			Beneficiaries:  ENA     Covers:  Constellation Energy Source, Inc. (this entity no longer trades)
		$7 MM from Constellation Energy Group
			Covers financial trading of all commodities
			Beneficiaries:  ENA    Covers:  Constellation Power Source, Inc.
		$35 MM from Constellation Energy Group
			Covers physical power trading
			Beneficiaries:  EPMI   Covers:  Constellation Power Source, Inc.


		Outgoing
		$10 MM from Enron Corp.
			Covers financial trading of all commodities
			Beneficiaries:  Constellation Power Source, Inc.    Covers:  ENA
		$60 MM from Enron Corp.
			Covers physical trading of power, SO2 allowance credits, and nitrogen oxide credits
			Beneficiaries:  Constellation Power Source, Inc.    Covers:  ENA, EPMI