As Filed with the Securities

and Exchange Commission

on August 15, 2005

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.

FORM U-6B-2

Certificate of Notification

 

Filed by a registered holding company or subsidiary thereof pursuant to Rule U-20-(d) [Reg. Section 250.20, P. 36,652] or U-47 [Reg. Section 250.47, P. 36,620] adopted under the Public Utility Holding Company Act of 1935

 

Certificate is filed by: Scottish Power plc, PacifiCorp and subsidiaries

 

This certificate is notice that the above named company has issued, renewed or guaranteed the security or securities described herein which issue, renewal or guaranty was exempted from the provisions of Section 6(a) of the Act and was neither the subject of a declaration or application on Form U-1 nor included within the exemption provided by Rule U-48 [Reg. Section 250.48, P. 36,621].

 

1.	Type of security or securities (“commercial paper” and “promissory notes”): See Schedules I & II included herewith.

 

2.	Issue, renewal or guaranty: (New Issues) Short-Term Promissory Notes represent cash advances directly from the Intercompany Loan Agreement and Umbrella Loan Agreement. In addition, PacifiCorp issued Commercial Paper.

 

3.	Principal amount of each security: See Schedules I & II included herewith.

 

4.	Rate of interest per annum of each security: See Schedules I & II included herewith.

 

5.	Date of issue, renewal or guaranty of each security: See Schedules I & II included herewith.

 

6.	If renewal of security, give date of original issue: Not applicable.

 

7.	Date of maturity of each security: See Schedule I included herewith.

 

8.	Name of the person to whom each security was issued, renewed or guaranteed: Short-term promissory notes are issued by PacifiCorp, PacifiCorp Group Holdings Company and affiliates. Commercial paper issued to customers of various dealers. See Schedule I included herewith.

---

9.	Collateral given with each security, if any: None.

 

10.	Consideration received for each security: For debt, consideration is proceeds amount.

 

11.	Application of proceeds of each security: General corporate funds for use in ordinary course of business.

 

12.	Indicate by a check after the applicable statement below whether the issue, renewal or guaranty of each security was exempt from the provisions of Section 6(a) because of:

 

a)

the provisions contained in the first sentence of Section 6(b):

 

b)

the provisions contained in the fourth sentence of Section 6(b):

 

c)

the provisions contained in any rule of the commission other than Rule U-48: /x/

 

13.

If the security or securities were exempt from the provisions of Section 6(a) by virtue of the first sentence of Section 6(b), give the figures which indicate that the security or securities aggregate (together with all other than outstanding notes and drafts of a maturity of nine months or less, exclusive of days of grace, as to which such company is primarily or secondarily liable) are not more than 5 percentum of the principal amount and par value of the other securities of such company then outstanding. (Demand notes, regardless of how long they may have been outstanding, shall be considered as maturing in not more than nine months for purposes of the exemption from Section 6(a) or the Act granted by the first sentence of Section 6(b). Not applicable

 

14.	If the security or securities are exempt from the provisions of Section 6(a) because of the fourth sentence of Section 6(b), name the security outstanding on January 1, 1935, pursuant to the terms of which the security or securities herein described have been issued. Not applicable.

 

15.	If the security or securities are exempt from the provisions of Section 6(a) because of any rule of the Commission other than Rule U-48 [Reg. ss. 250.48, P. 36,621] designate the rule under which exemption is claimed. Rule 52.

 

 

Date: August 15, 2005

---

Schedule 1

 

SHORT TERM DEBT SETTLEMENT

 

COMPANY: PPW - PACIFICORP

 

From 4/1/2005 to 6/30/2005

 

SETTLEMENT DATE		MATURITY DATE		DEALER/ LENDER		TERM		RATE		YIELD		FACE		INTEREST/ DISCOUNT		PROCEEDS		REFERENCE ID
CURRENCY: USD - UNITED STATES DOLLARS
INSTRUMENT TYPE        CPD
PORTFOLIO: PPWCPD - PPW COMMERCIAL PAPER - DISCOUNTED
Type (I/D/E): Discounted
4/1/2005		5/4/2005		1JPMOR		33		2.92		2.93		15,000,000.00		40,150.00		14,959,850.00		00003618
4/1/2005		5/25/2005		1JPMOR		54		3.03		3.04		10,000,000.00		45,450.00		9,954,550.00		00003619
4/5/2005		5/5/2005		1BOFA		30		2.88		2.89		10,000,000.00		24,000.00		9,976,000.00		00003620
4/5/2005		7/5/2005		1BOFA		91		3.14		3.17		30,000,000.00		238,116.67		29,761,883.33		00003621
4/8/2005		5/5/2005		1BOFA		27		2.90		2.91		15,000,000.00		32,625.00		14,967,375.00		00003622
4/8/2005		6/9/2005		1BOFA		62		3.05		3.07		10,000,000.00		52,527.78		9,947,472.22		00003623
4/14/2005		6/9/2005		1BOFA		56		3.09		3.10		15,000,000.00		72,100.00		14,927,900.00		00003624
4/14/2005		7/7/2005		1BOFA		84		3.16		3.18		25,000,000.00		184,333.33		24,815,666.67		00003625
4/18/2005		5/19/2005		1JPMOR		31		3.03		3.04		15,000,000.00		39,137.50		14,960,862.50		00003626
4/20/2005		5/19/2005		1BOFA		29		3.05		3.06		25,000,000.00		61,423.61		24,938,576.39		00003627
4/26/2005		5/26/2005		1BOFA		30		3.08		3.09		25,000,000.00		64,166.67		24,935,833.33		00003628
4/27/2005		6/27/2005		1JPMOR		61		3.16		3.18		15,000,000.00		80,316.67		14,919,683.33		00003629
4/28/2005		6/27/2005		1JPMOR		60		3.17		3.19		30,000,000.00		158,500.00		29,841,500.00		00003630
4/28/2005		6/28/2005		1JPMOR		61		3.17		3.19		20,000,000.00		107,427.78		19,892,572.22		00003631
4/29/2005		6/2/2005		1JPMOR		34		3.12		3.13		5,000,000.00		14,733.33		4,985,266.67		00003632
5/2/2005		6/1/2005		1JPMOR		30		3.13		3.14		15,000,000.00		39,125.00		14,960,875.00		00003633
5/2/2005		6/3/2005		1JPMOR		32		3.13		3.14		50,000,000.00		139,111.11		49,860,888.89		00003634
5/3/2005		6/16/2005		1JPMOR		44		3.15		3.16		20,000,000.00		77,000.00		19,923,000.00		00003635
5/3/2005		6/20/2005		1JPMOR		48		3.15		3.16		30,000,000.00		126,000.00		29,874,000.00		00003636
5/3/2005		9/12/2005		1BOFA		132		3.30		3.34		15,000,000.00		181,500.00		14,818,500.00		00003637
5/3/2005		5/4/2005		1BOFA		1		3.04		3.04		30,000,000.00		2,533.33		29,997,466.67		00003638
5/4/2005		8/12/2005		1BOFA		100		3.25		3.28		2,000,000.00		18,055.56		1,981,944.44		00003639
5/4/2005		5/5/2005		1BOFA		1		3.05		3.05		28,000,000.00		2,372.22		27,997,627.78		00003640
5/4/2005		6/17/2005		1JPMOR		44		3.15		3.16		25,000,000.00		96,250.00		24,903,750.00		00003641
5/5/2005		5/6/2005		1BOFA		1		3.05		3.05		53,000,000.00		4,490.28		52,995,509.72		00003642
5/6/2005		5/24/2005		1BOFA		18		3.10		3.10		28,000,000.00		43,400.00		27,956,600.00		00003643
5/6/2005		7/11/2005		1BOFA		66		3.21		3.23		15,000,000.00		88,275.00		14,911,725.00		00003644
5/6/2005		8/8/2005		1BOFA		94		3.27		3.30		10,000,000.00		85,383.33		9,914,616.67		00003645
5/10/2005		5/17/2005		1BOFA		7		3.07		3.07		20,000,000.00		11,938.89		19,988,061.11		00003646

 

Page 1 of 3

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SHORT TERM DEBT SETTLEMENT

 

COMPANY: PPW - PACIFICORP

 

From 4/1/2005 to 6/30/2005

 

SETTLEMENT DATE		MATURITY DATE		DEALER/ LENDER		TERM		RATE		YIELD		FACE		INTEREST/ DISCOUNT		PROCEEDS		REFERENCE ID
5/10/2005		6/10/2005		1JPMOR		31		3.13		3.14		10,000,000.00		26,952.78		9,973,047.22		00003647
5/13/2005		6/15/2005		1JPMOR		33		3.13		3.14		5,000,000.00		14,345.83		4,985,654.17		00003648
5/13/2005		6/16/2005		1JPMOR		34		3.13		3.14		10,000,000.00		29,561.11		9,970,438.89		00003649
5/13/2005		6/21/2005		1JPMOR		39		3.15		3.16		20,000,000.00		68,250.00		19,931,750.00		00003650
5/13/2005		6/24/2005		1JPMOR		42		3.15		3.16		10,000,000.00		36,750.00		9,963,250.00		00003651
5/17/2005		7/6/2005		1BOFA		50		3.23		3.24		12,966,000.00		58,166.92		12,907,833.08		00003652
5/17/2005		7/13/2005		1BOFA		57		3.23		3.25		7,034,000.00		35,973.05		6,998,026.95		00003653
5/19/2005		7/5/2005		1JPMOR		47		3.18		3.19		8,000,000.00		33,213.33		7,966,786.67		00003654
5/19/2005		7/13/2005		1JPMOR		55		3.23		3.25		7,000,000.00		34,543.06		6,965,456.94		00003655
5/19/2005		6/20/2005		1BOFA		32		3.11		3.12		25,000,000.00		69,111.11		24,930,888.89		00003656
5/20/2005		6/22/2005		1JPMOR		33		3.13		3.14		30,000,000.00		86,075.00		29,913,925.00		00003657
5/20/2005		8/30/2005		1BOFA		102		3.32		3.35		15,136,000.00		142,379.31		14,993,620.69		00003658
5/20/2005		6/20/2005		1BOFA		31		3.12		3.13		9,864,000.00		26,501.28		9,837,498.72		00003659
5/25/2005		6/23/2005		1JPMOR		29		3.14		3.15		30,000,000.00		75,883.33		29,924,116.67		00003660
5/26/2005		6/22/2005		1BOFA		27		3.13		3.14		10,000,000.00		23,475.00		9,976,525.00		00003661
5/26/2005		8/4/2005		1BOFA		70		3.36		3.38		25,000,000.00		163,333.33		24,836,666.67		00003662
5/27/2005		6/10/2005		1BOFA		14		3.10		3.10		22,034,000.00		26,563.21		22,007,436.79		00003663
5/27/2005		8/4/2005		1BOFA		69		3.33		3.35		2,966,000.00		18,930.50		2,947,069.50		00003664
5/31/2005		8/8/2005		1BOFA		69		3.30		3.32		30,000,000.00		189,750.00		29,810,250.00		00003665
6/1/2005		7/1/2005		1JPMOR		30		3.19		3.20		20,000,000.00		53,166.67		19,946,833.33		00003666
6/2/2005		6/3/2005		1BOFA		1		3.07		3.07		30,000,000.00		2,558.33		29,997,441.67		00003667
6/3/2005		7/5/2005		1JPMOR		32		3.21		3.22		50,000,000.00		142,666.67		49,857,333.33		00003668
6/3/2005		7/6/2005		1JPMOR		33		3.21		3.22		15,000,000.00		44,137.50		14,955,862.50		00003669
6/3/2005		6/13/2005		1BOFA		10		3.15		3.15		30,000,000.00		26,250.00		29,973,750.00		00003670
6/3/2005		6/20/2005		1BOFA		17		3.15		3.15		15,000,000.00		22,312.50		14,977,687.50		00003671
6/6/2005		7/13/2005		1BOFA		37		3.22		3.23		25,000,000.00		82,736.11		24,917,263.89		00003672
6/10/2005		6/13/2005		1JPMOR		3		3.05		3.05		10,000,000.00		2,541.67		9,997,458.33		00003673
Total for PPWCPD												1,091,000,000.00		3,666,570.66		1,087,333,429.34
Weighted Average						38.1		3.14		3.15

 

Page 2 of 3

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SHORT TERM DEBT SETTLEMENT

 

COMPANY: PPW - PACIFICORP

 

From 4/1/2005 to 6/30/2005

 

SETTLEMENT DATE		MATURITY DATE		DEALER/ LENDER		TERM		RATE		YIELD		FACE		INTEREST/ DISCOUNT		PROCEEDS		REFERENCE ID
Total for CPD												1,091,000,000.00		3,666,570.66		1,087,333,429.34
Weighted Average						38.1		3.14		3.15
												1,091,000,000.00		3,666,570.66		1,087,333,429.34
TOTAL FOR USD WEIGHTED AVERAGE						38.1		3.14		3.15

 

Page 3 of 3

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Schedule 2

 

LOAN AGREEMENT

 

PARTIES:		PACIFICORP GROUP HOLDINGS SCOTTISH POWER UK

 

DATE		DAILY ACTIVITY				PGH LENDS (BORROWS)				DAILY % RATE			INT PAY		(INT PMT)		INT PAY			INT PMT
BALANCE FORWARD						$	(105,000,000.00	)												(181,386.21	)
31-May-05						$	(105,000,000.00	)		3.10063	%		0.00				(9,043.50	)
1-Jun-05						$	(105,000,000.00	)		3.10063	%		0.00				(18,087.01	)
2-Jun-05						$	(105,000,000.00	)		3.10063	%		0.00				(27,130.51	)
3-Jun-05						$	(105,000,000.00	)		3.10063	%		0.00				(36,174.02	)
4-Jun-05						$	(105,000,000.00	)		3.10063	%		0.00				(45,217.52	)
5-Jun-05						$	(105,000,000.00	)		3.10063	%		0.00				(54,261.03	)
6-Jun-05						$	(105,000,000.00	)		3.10063	%		0.00				(63,304.53	)
7-Jun-05						$	(105,000,000.00	)		3.10063	%		0.00				(72,348.03	)
8-Jun-05						$	(105,000,000.00	)		3.10063	%		0.00				(81,391.54	)
9-Jun-05						$	(105,000,000.00	)		3.10063	%		0.00				(90,435.04	)
10-Jun-05						$	(105,000,000.00	)		3.10063	%		0.00				(99,478.55	)
11-Jun-05						$	(105,000,000.00	)		3.10063	%		0.00				(108,522.05	)
12-Jun-05						$	(105,000,000.00	)		3.10063	%		0.00				(117,565.55	)
13-Jun-05						$	(105,000,000.00	)		3.10063	%		0.00				(126,609.06	)
14-Jun-05						$	(105,000,000.00	)		3.10063	%		0.00				(135,652.56	)
15-Jun-05						$	(105,000,000.00	)		3.10063	%		0.00				(144,696.07	)
16-Jun-05		$	(90,000,000.00	)		$	(195,000,000.00	)		3.10063	%		0.00				(161,491.15	)
17-Jun-05						$	(195,000,000.00	)		3.10063	%		0.00				(178,286.23	)
18-Jun-05						$	(195,000,000.00	)		3.10063	%		0.00				(195,081.30	)
19-Jun-05						$	(195,000,000.00	)		3.10063	%		0.00				(211,876.38	)
20-Jun-05						$	(195,000,000.00	)		3.10063	%		0.00				(228,671.46	)
21-Jun-05						$	(195,000,000.00	)		3.10063	%		0.00				(245,466.54	)
22-Jun-05						$	(195,000,000.00	)		3.10063	%		0.00				(262,261.62	)
23-Jun-05						$	(195,000,000.00	)		3.10063	%		0.00				(279,056.70	)
24-Jun-05		$	(90,000,000.00	)		$	(285,000,000.00	)		3.10063	%		0.00				(303,603.35	)
25-Jun-05						$	(285,000,000.00	)		3.10063	%		0.00				(328,150.01	)
26-Jun-05						$	(285,000,000.00	)		3.10063	%		0.00				(352,696.66	)
27-Jun-05						$	(285,000,000.00	)		3.10063	%		0.00				(377,243.32	)
28-Jun-05						$	(285,000,000.00	)		3.10063	%		0.00				(401,789.97	)
29-Jun-05						$	(285,000,000.00	)		3.10063	%		0.00				(426,336.63	)
TOTAL		$	(180,000,000.00	)		$	0.00

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LOAN AGREEMENT

 

PARTIES:		PACIFICORP GROUP HOLDINGS SCOTTISH POWER UK

 

DATE		DAILY ACTIVITY				PGH LENDS (BORROWS)				DAILY % RATE			INT PAY		(INT PMT)		INT PAY			INT PMT
BALANCE FORWARD						$	(130,000,000.00	)									(10,291.66	)		(288,166.67	)
29-Apr-05						$	(130,000,000.00	)		3.06438	%		0.00				(21,357.48	)
30-Apr-05						$	(130,000,000.00	)		3.06438	%		0.00				(32,423.29	)
1-May-05						$	(130,000,000.00	)		3.06438	%		0.00				(43,489.11	)
2-May-05						$	(130,000,000.00	)		3.06438	%		0.00				(54,554.93	)
3-May-05						$	(130,000,000.00	)		3.06438	%		0.00				(65,620.74	)
4-May-05						$	(130,000,000.00	)		3.06438	%		0.00				(76,686.56	)
5-May-05		$	100,000,000.00			$	(30,000,000.00	)		3.06438	%		0.00				(79,240.21	)
6-May-05						$	(30,000,000.00	)		3.06438	%		0.00				(81,793.86	)
7-May-05						$	(30,000,000.00	)		3.06438	%		0.00				(84,347.51	)
8-May-05						$	(30,000,000.00	)		3.06438	%		0.00				(86,901.16	)
9-May-05						$	(30,000,000.00	)		3.06438	%		0.00				(89,454.81	)
10-May-05						$	(30,000,000.00	)		3.06438	%		0.00				(92,008.46	)
11-May-05						$	(30,000,000.00	)		3.06438	%		0.00				(94,562.11	)
12-May-05						$	(30,000,000.00	)		3.06438	%		0.00				(97,115.76	)
13-May-05						$	(30,000,000.00	)		3.06438	%		0.00				(99,669.41	)
14-May-05						$	(30,000,000.00	)		3.06438	%		0.00				(102,223.06	)
15-May-05						$	(30,000,000.00	)		3.06438	%		0.00				(104,776.71	)
16-May-05						$	(30,000,000.00	)		3.06438	%		0.00				(107,330.36	)
17-May-05						$	(30,000,000.00	)		3.06438	%		0.00				(109,884.01	)
18-May-05						$	(30,000,000.00	)		3.06438	%		0.00				(112,437.66	)
19-May-05						$	(30,000,000.00	)		3.06438	%		0.00				(114,991.31	)
20-May-05						$	(30,000,000.00	)		3.06438	%		0.00				(117,544.96	)
21-May-05						$	(30,000,000.00	)		3.06438	%		0.00				(120,098.61	)
22-May-05						$	(30,000,000.00	)		3.06438	%		0.00				(122,652.26	)
23-May-05						$	(30,000,000.00	)		3.06438	%		0.00				(125,205.91	)
24-May-05						$	(30,000,000.00	)		3.06438	%		0.00				(127,759.56	)
25-May-05		$	(75,000,000.00	)		$	(105,000,000.00	)		3.06438	%		0.00				(136,697.34	)
26-May-05						$	(105,000,000.00	)		3.06438	%		0.00				(145,635.11	)
27-May-05						$	(105,000,000.00	)		3.06438	%		0.00				(154,572.89	)
28-May-05						$	(105,000,000.00	)		3.06438	%		0.00				(163,510.66	)
29-May-05						$	(105,000,000.00	)		3.06438	%		0.00				(172,448.44	)
30-May-05						$	(105,000,000.00	)		3.06438	%		0.00				(181,386.21	)
TOTAL		$	25,000,000.00			$	0.00

---

LOAN AGREEMENT

 

PARTIES:		PACIFICORP GROUP HOLDINGS SCOTTISH POWER UK

 

DATE		DAILY ACTIVITY			PGH LENDS (BORROWS)				DAILY % RATE			INT PAY		INT PMT		INT PAY			INT PMT
BALANCE FORWARD					$	(130,000,000.00	)									0.00			722,343.06
1-Apr-05					$	(130,000,000.00	)		2.85000	%		0.00				(10,291.67	)
2-Apr-05					$	(130,000,000.00	)		2.85000	%		0.00				(20,583.33	)
3-Apr-05					$	(130,000,000.00	)		2.85000	%		0.00				(30,875.00	)
4-Apr-05					$	(130,000,000.00	)		2.85000	%		0.00				(41,166.67	)
5-Apr-05					$	(130,000,000.00	)		2.85000	%		0.00				(51,458.33	)
6-Apr-05					$	(130,000,000.00	)		2.85000	%		0.00				(61,750.00	)
7-Apr-05					$	(130,000,000.00	)		2.85000	%		0.00				(72,041.67	)
8-Apr-05					$	(130,000,000.00	)		2.85000	%		0.00				(82,333.33	)
9-Apr-05					$	(130,000,000.00	)		2.85000	%		0.00				(92,625.00	)
10-Apr-05					$	(130,000,000.00	)		2.85000	%		0.00				(102,916.67	)
11-Apr-05					$	(130,000,000.00	)		2.85000	%		0.00				(113,208.33	)
12-Apr-05					$	(130,000,000.00	)		2.85000	%		0.00				(123,500.00	)
13-Apr-05					$	(130,000,000.00	)		2.85000	%		0.00				(133,791.67	)
14-Apr-05					$	(130,000,000.00	)		2.85000	%		0.00				(144,083.33	)
15-Apr-05					$	(130,000,000.00	)		2.85000	%		0.00				(154,375.00	)
16-Apr-05					$	(130,000,000.00	)		2.85000	%		0.00				(164,666.67	)
17-Apr-05					$	(130,000,000.00	)		2.85000	%		0.00				(174,958.33	)
18-Apr-05					$	(130,000,000.00	)		2.85000	%		0.00				(185,250.00	)
19-Apr-05					$	(130,000,000.00	)		2.85000	%		0.00				(195,541.67	)
20-Apr-05					$	(130,000,000.00	)		2.85000	%		0.00				(205,833.33	)
21-Apr-05					$	(130,000,000.00	)		2.85000	%		0.00				(216,125.00	)
22-Apr-05					$	(130,000,000.00	)		2.85000	%		0.00				(226,416.67	)
23-Apr-05					$	(130,000,000.00	)		2.85000	%		0.00				(236,708.33	)
24-Apr-05					$	(130,000,000.00	)		2.85000	%		0.00				(247,000.00	)
25-Apr-05					$	(130,000,000.00	)		2.85000	%		0.00				(257,291.67	)
26-Apr-05					$	(130,000,000.00	)		2.85000	%		0.00				(267,583.33	)
27-Apr-05					$	(130,000,000.00	)		2.85000	%		0.00				(277,875.00	)
28-Apr-05					$	(130,000,000.00	)		2.85000	%		0.00				(288,166.67	)
29-Apr-05					$	(130,000,000.00	)		2.85000	%		0.00				(298,458.33	)
TOTAL		$	0.00		$	0.00

---

RULE 52 LOAN AGREEMENT

 

PARTIES:		PACIFICORP GROUP HOLDINGS
		PPM

 

DATE		DAILY ACTIVITY				PGH LEND (OWES)			DAILY % RATE			PPM pay int		IP			PGH pays int		INT PMT
BALANCE FORWARD						$	580,501,863.33					1,289,365.04					0.00
01-Jun-05		$	(11,858,961.75	)		$	568,642,901.58		3.1006	%		48,976.42		(1,289,365.04	)		0.00
02-Jun-05		$	15,758,857.42			$	584,401,759.00		3.1006	%		99,310.13					0.00
03-Jun-05		$	(3,054,695.70	)		$	581,347,063.30		3.1006	%		149,380.75					0.00
04-Jun-05						$	581,347,063.30		3.1006	%		199,451.36					0.00
05-Jun-05						$	581,347,063.30		3.1006	%		249,521.98					0.00
06-Jun-05		$	(398,808.63	)		$	580,948,254.67		3.1006	%		299,558.24					0.00
07-Jun-05		$	9,421,184.13			$	590,369,438.80		3.1006	%		350,405.94					0.00
08-Jun-05		$	4,116,431.78			$	594,485,870.58		3.1006	%		401,608.19					0.00
09-Jun-05		$	15,575,821.21			$	610,061,691.79		3.1006	%		454,151.95					0.00
10-Jun-05		$	2,570,517.30			$	612,632,209.09		3.1006	%		506,917.11					0.00
11-Jun-05						$	612,632,209.09		3.1006	%		559,682.28					0.00
12-Jun-05						$	612,632,209.09		3.1006	%		612,447.44					0.00
13-Jun-05		$	(1,587,564.17	)		$	611,044,644.92		3.1006	%		665,075.86					0.00
14-Jun-05		$	9,706,590.36			$	620,751,235.28		3.1006	%		718,540.31					0.00
15-Jun-05		$	768,889.98			$	621,520,125.26		3.1006	%		772,070.97					0.00
16-Jun-05		$	11,802,750.60			$	633,322,875.86		3.1006	%		826,618.19					0.00
17-Jun-05		$	7,722,698.27			$	641,045,574.13		3.1006	%		881,830.56					0.00
18-Jun-05						$	641,045,574.13		3.1006	%		937,042.92					0.00
19-Jun-05						$	641,045,574.13		3.1006	%		992,255.29					0.00
20-Jun-05		$	13,693,685.95			$	654,739,260.08		3.1006	%		1,048,647.07					0.00
21-Jun-05		$	1,162,974.91			$	655,902,234.99		3.1006	%		1,105,139.02					0.00
22-Jun-05		$	(5,831,063.65	)		$	650,071,171.34		3.1006	%		1,161,128.74					0.00
23-Jun-05		$	(1,844,757.34	)		$	648,226,414.00		3.1006	%		1,216,959.58					0.00
24-Jun-05		$	36,921,788.83			$	685,148,202.83		3.1006	%		1,275,970.45					0.00
25-Jun-05						$	685,148,202.83		3.1006	%		1,334,981.31					0.00
26-Jun-05						$	685,148,202.83		3.1006	%		1,393,992.17					0.00
27-Jun-05		$	32,493,431.24			$	717,641,634.07		3.1006	%		1,455,801.65					0.00
28-Jun-05		$	(5,073,394.78	)		$	712,568,239.29		3.1006	%		1,517,174.16					0.00
29-Jun-05		$	697,450.53			$	713,265,689.82		3.1006	%		1,578,606.75					0.00
30-Jun-05		$	17,093,150.76			$	730,358,840.58		3.1006	%		1,641,511.54					0.00
TOTAL		$	149,856,977.25			$	0.00					0.00					0.00

---

RULE 52 LOAN AGREEMENT
PARTIES:		PACIFICORP GROUP HOLDINGS
		PPM

 

DATE		DAILY ACTIVITY				PGH LEND (OWES)			DAILY % RATE			PPM pay int		IP			PGH pays int		INT PMT
BALANCE FORWARD						$	427,494,947.70					1,078,467.69					0.00
01-May-05						$	427,494,947.70		3.0644	%		36,389.09		(1,078,467.69	)		0.00
02-May-05		$	(7,188,993.61	)		$	420,305,954.09		3.0644	%		72,166.23					0.00
03-May-05		$	4,045,863.42			$	424,351,817.51		3.0644	%		108,287.76					0.00
04-May-05		$	19,993,022.03			$	444,344,839.54		3.0644	%		146,111.14					0.00
05-May-05		$	6,606,660.15			$	450,951,499.69		3.0644	%		184,496.88					0.00
06-May-05		$	2,637,328.14			$	453,588,827.83		3.0644	%		223,107.12					0.00
07-May-05						$	453,588,827.83		3.0644	%		261,717.35					0.00
08-May-05						$	453,588,827.83		3.0644	%		300,327.59					0.00
09-May-05		$	3,517,043.16			$	457,105,870.99		3.0644	%		339,237.20					0.00
10-May-05		$	2,217,334.95			$	459,323,205.94		3.0644	%		378,335.56					0.00
11-May-05		$	5,148,021.72			$	464,471,227.66		3.0644	%		417,872.13					0.00
12-May-05		$	358,206.05			$	464,829,433.71		3.0644	%		457,439.18					0.00
13-May-05		$	2,213,960.69			$	467,043,394.40		3.0644	%		497,194.69					0.00
14-May-05						$	467,043,394.40		3.0644	%		536,950.21					0.00
15-May-05						$	467,043,394.40		3.0644	%		576,705.72					0.00
16-May-05		$	(9,627,991.57	)		$	457,415,402.83		3.0644	%		615,641.68					0.00
17-May-05		$	(3,745,705.14	)		$	453,669,697.69		3.0644	%		654,258.80					0.00
18-May-05		$	2,112,504.50			$	455,782,202.19		3.0644	%		693,055.74					0.00
19-May-05		$	(3,020,358.45	)		$	452,761,843.74		3.0644	%		731,595.58					0.00
20-May-05		$	24,846,676.91			$	477,608,520.65		3.0644	%		772,250.42					0.00
21-May-05						$	477,608,520.65		3.0644	%		812,905.25					0.00
22-May-05						$	477,608,520.65		3.0644	%		853,560.08					0.00
23-May-05		$	5,006,448.86			$	482,614,969.51		3.0644	%		894,641.07					0.00
24-May-05		$	73,000,104.23			$	555,615,073.74		3.0644	%		941,935.96					0.00
25-May-05		$	51,863,150.78			$	607,478,224.52		3.0644	%		993,645.51					0.00
26-May-05		$	(17,139,805.07	)		$	590,338,419.45		3.0644	%		1,043,896.10					0.00
27-May-05		$	(14,528,361.30	)		$	575,810,058.15		3.0644	%		1,092,910.02					0.00
28-May-05						$	575,810,058.15		3.0644	%		1,141,923.93					0.00
29-May-05						$	575,810,058.15		3.0644	%		1,190,937.84					0.00
30-May-05						$	575,810,058.15		3.0644	%		1,239,951.75					0.00
31-May-05		$	4,691,805.18			$	580,501,863.33		3.0644	%		1,289,365.04					0.00
TOTAL		$	153,006,915.63			$	580,501,863.33					1,289,365.04					0.00

---

RULE 52 LOAN AGREEMENT
PARTIES:		PACIFICORP GROUP HOLDINGS
		PPM

 

DATE		DAILY ACTIVITY				PGH LEND (OWES)			DAILY % RATE			PPM pay int		IP			PGH pays int		INT PMT
BALANCE FORWARD						$	460,358,191.66					1,041,845.39					0.00
01-Apr-05		$	5,629,885.28			$	465,988,076.94		2.8500	%		36,890.72		(1,041,845.39	)		0.00
02-Apr-05						$	465,988,076.94		2.8500	%		73,781.45					0.00
03-Apr-05						$	465,988,076.94		2.8500	%		110,672.17					0.00
04-Apr-05		$	(19,714,065.24	)		$	446,274,011.70		2.8500	%		146,002.19					0.00
05-Apr-05		$	7,389,737.00			$	453,663,748.70		2.8500	%		181,917.24					0.00
06-Apr-05		$	(12,628,957.78	)		$	441,034,790.92		2.8500	%		216,832.50					0.00
07-Apr-05		$	753,568.69			$	441,788,359.61		2.8500	%		251,807.41					0.00
08-Apr-05		$	11,785,249.86			$	453,573,609.47		2.8500	%		287,715.32					0.00
09-Apr-05						$	453,573,609.47		2.8500	%		323,623.23					0.00
10-Apr-05						$	453,573,609.47		2.8500	%		359,531.14					0.00
11-Apr-05		$	2,208,198.59			$	455,781,808.06		2.8500	%		395,613.87					0.00
12-Apr-05		$	941,908.55			$	456,723,716.61		2.8500	%		431,771.16					0.00
13-Apr-05		$	(1,893,600.54	)		$	454,830,116.07		2.8500	%		467,778.54					0.00
14-Apr-05		$	(3,616,363.48	)		$	451,213,752.59		2.8500	%		503,499.63					0.00
15-Apr-05		$	9,687,982.23			$	460,901,734.82		2.8500	%		539,987.69					0.00
16-Apr-05						$	460,901,734.82		2.8500	%		576,475.74					0.00
17-Apr-05						$	460,901,734.82		2.8500	%		612,963.79					0.00
18-Apr-05		$	1,342,499.04			$	462,244,233.86		2.8500	%		649,558.13					0.00
19-Apr-05		$	4,266,093.26			$	466,510,327.12		2.8500	%		686,490.20					0.00
20-Apr-05		$	5,768,471.17			$	472,278,798.29		2.8500	%		723,878.94					0.00
21-Apr-05		$	853,593.41			$	473,132,391.70		2.8500	%		761,335.25					0.00
22-Apr-05		$	7,679,231.66			$	480,811,623.36		2.8500	%		799,399.50					0.00
23-Apr-05						$	480,811,623.36		2.8500	%		837,463.76					0.00
24-Apr-05						$	480,811,623.36		2.8500	%		875,528.01					0.00
25-Apr-05		$	(49,203,953.71	)		$	431,607,669.65		2.8500	%		909,696.95					0.00
26-Apr-05		$	(259,001.62	)		$	431,348,668.03		2.8500	%		943,845.39					0.00
27-Apr-05		$	(13,978,392.96	)		$	417,370,275.07		2.8500	%		976,887.20					0.00
28-Apr-05		$	10,761,834.54			$	428,132,109.61		2.8500	%		1,010,780.99					0.00
29-Apr-05		$	(637,161.91	)		$	427,494,947.70		2.8500	%		1,044,624.34					0.00
30-Apr-05						$	427,494,947.70		2.8500	%		1,078,467.69					0.00
TOTAL		$	(32,863,243.96	)		$	0.00					0.00					0.00

---

RULE 52 LOAN AGREEMENT
PARTIES:		PACIFICORP GROUP HOLDINGS
		PKE

 

DATE		DAILY ACTIVITY				PGH LEND (OWES)				DAILY % RATE			PKE INT PAY		IP		PGH pays int			INT PMT
BALANCE FORWARD						$	(9,692,443.68	)					0.00				(25,446.91	)
01-Jun-05		$	(25,446.91	)		$	(9,717,890.59	)		3.1006	%		0.00				(836.99	)		25,446.91
02-Jun-05		$	80.66			$	(9,717,809.93	)		3.1006	%		0.00				(1,673.97	)
03-Jun-05						$	(9,717,809.93	)		3.1006	%		0.00				(2,510.95	)
04-Jun-05						$	(9,717,809.93	)		3.1006	%		0.00				(3,347.93	)
05-Jun-05						$	(9,717,809.93	)		3.1006	%		0.00				(4,184.92	)
06-Jun-05		$	375.75			$	(9,717,434.18	)		3.1006	%		0.00				(5,021.87	)
07-Jun-05						$	(9,717,434.18	)		3.1006	%		0.00				(5,858.81	)
08-Jun-05		$	118.15			$	(9,717,316.03	)		3.1006	%		0.00				(6,695.75	)
09-Jun-05						$	(9,717,316.03	)		3.1006	%		0.00				(7,532.69	)
10-Jun-05		$	73.25			$	(9,717,242.78	)		3.1006	%		0.00				(8,369.62	)
11-Jun-05						$	(9,717,242.78	)		3.1006	%		0.00				(9,206.56	)
12-Jun-05						$	(9,717,242.78	)		3.1006	%		0.00				(10,043.49	)
13-Jun-05		$	317.17			$	(9,716,925.61	)		3.1006	%		0.00				(10,880.40	)
14-Jun-05						$	(9,716,925.61	)		3.1006	%		0.00				(11,717.30	)
15-Jun-05		$	1,642.61			$	(9,715,283.00	)		3.1006	%		0.00				(12,554.06	)
16-Jun-05		$	172,654.49			$	(9,542,628.51	)		3.1006	%		0.00				(13,375.96	)
17-Jun-05		$	132.56			$	(9,542,495.95	)		3.1006	%		0.00				(14,197.84	)
18-Jun-05						$	(9,542,495.95	)		3.1006	%		0.00				(15,019.72	)
19-Jun-05						$	(9,542,495.95	)		3.1006	%		0.00				(15,841.60	)
20-Jun-05		$	(283,532.99	)		$	(9,826,028.94	)		3.1006	%		0.00				(16,687.91	)
21-Jun-05						$	(9,826,028.94	)		3.1006	%		0.00				(17,534.21	)
22-Jun-05		$	232.86			$	(9,825,796.08	)		3.1006	%		0.00				(18,380.49	)
23-Jun-05		$	72.25			$	(9,825,723.83	)		3.1006	%		0.00				(19,226.77	)
24-Jun-05						$	(9,825,723.83	)		3.1006	%		0.00				(20,073.04	)
25-Jun-05						$	(9,825,723.83	)		3.1006	%		0.00				(20,919.32	)
26-Jun-05						$	(9,825,723.83	)		3.1006	%		0.00				(21,765.59	)
27-Jun-05		$	4,672.00			$	(9,821,051.83	)		3.1006	%		0.00				(22,611.47	)
28-Jun-05						$	(9,821,051.83	)		3.1006	%		0.00				(23,457.34	)
29-Jun-05						$	(9,821,051.83	)		3.1006	%		0.00				(24,303.21	)
30-Jun-05						$	(9,821,051.83	)		3.1006	%		0.00				(25,149.09	)
TOTAL		$	(128,608.15	)		$	0.00						0.00				0.00

---

RULE 52 LOAN AGREEMENT
PARTIES:		PACIFICORP GROUP HOLDINGS
		PKE

 

DATE		DAILY ACTIVITY				PGH LEND (OWES)				DAILY % RATE			PKE INT PAY		IP		PGH pays int			INT PMT
BALANCE FORWARD						$	(9,572,719.47	)					0.00				(22,684.30	)
01-May-05						$	(9,572,719.47	)		3.0644	%		0.00				(814.85	)		22,684.30
02-May-05		$	(21,897.86	)		$	(9,594,617.33	)		3.0644	%		0.00				(1,631.55	)
03-May-05						$	(9,594,617.33	)		3.0644	%		0.00				(2,448.26	)
04-May-05		$	4,620.92			$	(9,589,996.41	)		3.0644	%		0.00				(3,264.58	)
05-May-05		$	352.68			$	(9,589,643.73	)		3.0644	%		0.00				(4,080.87	)
06-May-05						$	(9,589,643.73	)		3.0644	%		0.00				(4,897.15	)
07-May-05						$	(9,589,643.73	)		3.0644	%		0.00				(5,713.44	)
08-May-05						$	(9,589,643.73	)		3.0644	%		0.00				(6,529.73	)
09-May-05		$	569.06			$	(9,589,074.67	)		3.0644	%		0.00				(7,345.97	)
10-May-05						$	(9,589,074.67	)		3.0644	%		0.00				(8,162.20	)
11-May-05		$	356.32			$	(9,588,718.35	)		3.0644	%		0.00				(8,978.41	)
12-May-05		$	300.00			$	(9,588,418.35	)		3.0644	%		0.00				(9,794.59	)
13-May-05						$	(9,588,418.35	)		3.0644	%		0.00				(10,610.78	)
14-May-05						$	(9,588,418.35	)		3.0644	%		0.00				(11,426.96	)
15-May-05						$	(9,588,418.35	)		3.0644	%		0.00				(12,243.14	)
16-May-05		$	40.00			$	(9,588,378.35	)		3.0644	%		0.00				(13,059.32	)
17-May-05						$	(9,588,378.35	)		3.0644	%		0.00				(13,875.50	)
18-May-05		$	1,199.37			$	(9,587,178.98	)		3.0644	%		0.00				(14,691.57	)
19-May-05		$	1,048.00			$	(9,586,130.98	)		3.0644	%		0.00				(15,507.56	)
20-May-05		$	(258,360.39	)		$	(9,844,491.37	)		3.0644	%		0.00				(16,345.54	)
21-May-05						$	(9,844,491.37	)		3.0644	%		0.00				(17,183.52	)
22-May-05						$	(9,844,491.37	)		3.0644	%		0.00				(18,021.50	)
23-May-05		$	151,544.18			$	(9,692,947.19	)		3.0644	%		0.00				(18,846.58	)
24-May-05		$	98.49			$	(9,692,848.70	)		3.0644	%		0.00				(19,671.65	)
25-May-05		$	390.77			$	(9,692,457.93	)		3.0644	%		0.00				(20,496.69	)
26-May-05						$	(9,692,457.93	)		3.0644	%		0.00				(21,321.73	)
27-May-05		$	14.25			$	(9,692,443.68	)		3.0644	%		0.00				(22,146.76	)
28-May-05						$	(9,692,443.68	)		3.0644	%		0.00				(22,971.80	)
29-May-05						$	(9,692,443.68	)		3.0644	%		0.00				(23,796.84	)
30-May-05						$	(9,692,443.68	)		3.0644	%		0.00				(24,621.87	)
31-May-05						$	(9,692,443.68	)		3.0644	%		0.00				(25,446.91	)
TOTAL		$	(119,724.21	)		$	(9,692,443.68	)					0.00				(25,446.91	)

---

RULE 52 LOAN AGREEMENT
PARTIES:		PACIFICORP GROUP HOLDINGS
		PKE

 

DATE		DAILY ACTIVITY				PGH LEND (OWES)				DAILY % RATE			PKE INT PAY		IP		PGH pays int			INT PMT
BALANCE FORWARD						$	(9,447,035.01	)					0.00				(21,385.50	)
01-Apr-05		$	(21,242.55	)		$	(9,468,277.56	)		2.8500	%		0.00				(749.57	)		21,385.50
02-Apr-05						$	(9,468,277.56	)		2.8500	%		0.00				(1,499.14	)
03-Apr-05						$	(9,468,277.56	)		2.8500	%		0.00				(2,248.72	)
04-Apr-05		$	152.00			$	(9,468,125.56	)		2.8500	%		0.00				(2,998.28	)
05-Apr-05						$	(9,468,125.56	)		2.8500	%		0.00				(3,747.84	)
06-Apr-05		$	82.75			$	(9,468,042.81	)		2.8500	%		0.00				(4,497.39	)
07-Apr-05		$	77.84			$	(9,467,964.97	)		2.8500	%		0.00				(5,246.94	)
08-Apr-05		$	176.53			$	(9,467,788.44	)		2.8500	%		0.00				(5,996.47	)
09-Apr-05						$	(9,467,788.44	)		2.8500	%		0.00				(6,746.00	)
10-Apr-05						$	(9,467,788.44	)		2.8500	%		0.00				(7,495.54	)
11-Apr-05		$	201.25			$	(9,467,587.19	)		2.8500	%		0.00				(8,245.05	)
12-Apr-05						$	(9,467,587.19	)		2.8500	%		0.00				(8,994.57	)
13-Apr-05		$	459.73			$	(9,467,127.46	)		2.8500	%		0.00				(9,744.05	)
14-Apr-05		$	317.17			$	(9,466,810.29	)		2.8500	%		0.00				(10,493.51	)
15-Apr-05						$	(9,466,810.29	)		2.8500	%		0.00				(11,242.96	)
16-Apr-05						$	(9,466,810.29	)		2.8500	%		0.00				(11,992.42	)
17-Apr-05						$	(9,466,810.29	)		2.8500	%		0.00				(12,741.87	)
18-Apr-05		$	316.60			$	(9,466,493.69	)		2.8500	%		0.00				(13,491.31	)
19-Apr-05		$	144.69			$	(9,466,349.00	)		2.8500	%		0.00				(14,240.73	)
20-Apr-05		$	(258,870.02	)		$	(9,725,219.02	)		2.8500	%		0.00				(15,010.64	)
21-Apr-05		$	201.25			$	(9,725,017.77	)		2.8500	%		0.00				(15,780.54	)
22-Apr-05		$	286.00			$	(9,724,731.77	)		2.8500	%		0.00				(16,550.41	)
23-Apr-05						$	(9,724,731.77	)		2.8500	%		0.00				(17,320.28	)
24-Apr-05						$	(9,724,731.77	)		2.8500	%		0.00				(18,090.16	)
25-Apr-05		$	3,205.91			$	(9,721,525.86	)		2.8500	%		0.00				(18,859.78	)
26-Apr-05		$	63.97			$	(9,721,461.89	)		2.8500	%		0.00				(19,629.40	)
27-Apr-05		$	54.20			$	(9,721,407.69	)		2.8500	%		0.00				(20,399.01	)
28-Apr-05						$	(9,721,407.69	)		2.8500	%		0.00				(21,168.62	)
29-Apr-05		$	148,688.22			$	(9,572,719.47	)		2.8500	%		0.00				(21,926.46	)
30-Apr-05						$	(9,572,719.47	)		2.8500	%		0.00				(22,684.30	)
TOTAL		$	(125,684.46	)		$	0.00						0.00				0.00

---

INTERCOMPANY LOAN AGREEMENT
GROUP:		PACIFICORP GROUP HOLDINGS
SUBSIDIARY:		PFS

 

DATE		DAILY ACTIVITY PGH ADV/(REC)				PGH REC/(PAY)				DAILY % RATE			PFS pays int		INT PMT		PGH pays int			INT PMT
BALANCE FORWARD						$	(31,735,596.45	)					0.00				(98,180.04	)
01-Jun-05		$	(98,180.04	)		$	(31,833,776.49	)		3.6050	%		0.00				(3,187.79	)		98,180.04
02-Jun-05		$	7,778.22			$	(31,825,998.27	)		3.4850	%		0.00				(6,268.73	)
03-Jun-05						$	(31,825,998.27	)		3.5650	%		0.00				(9,420.39	)
04-Jun-05						$	(31,825,998.27	)		3.5650	%		0.00				(12,572.04	)
05-Jun-05						$	(31,825,998.27	)		3.5650	%		0.00				(15,723.70	)
06-Jun-05						$	(31,825,998.27	)		3.6350	%		0.00				(18,937.24	)
07-Jun-05						$	(31,825,998.27	)		3.6350	%		0.00				(22,150.79	)
08-Jun-05						$	(31,825,998.27	)		3.6350	%		0.00				(25,364.33	)
09-Jun-05		$	42.00			$	(31,825,956.27	)		3.6350	%		0.00				(28,577.86	)
10-Jun-05						$	(31,825,956.27	)		3.4150	%		0.00				(31,596.91	)
11-Jun-05						$	(31,825,956.27	)		3.4150	%		0.00				(34,615.96	)
12-Jun-05						$	(31,825,956.27	)		3.4150	%		0.00				(37,635.00	)
13-Jun-05		$	625.71			$	(31,825,330.56	)		3.4150	%		0.00				(40,653.99	)
14-Jun-05						$	(31,825,330.56	)		3.4150	%		0.00				(43,672.97	)
15-Jun-05		$	610.00			$	(31,824,720.56	)		3.4150	%		0.00				(46,691.90	)
16-Jun-05		$	58,613.94			$	(31,766,106.62	)		3.4150	%		0.00				(49,705.27	)
17-Jun-05						$	(31,766,106.62	)		3.4150	%		0.00				(52,718.64	)
18-Jun-05						$	(31,766,106.62	)		3.4150	%		0.00				(55,732.01	)
19-Jun-05						$	(31,766,106.62	)		3.4150	%		0.00				(58,745.37	)
20-Jun-05						$	(31,766,106.62	)		3.4150	%		0.00				(61,758.74	)
21-Jun-05		$	2,142.75			$	(31,763,963.87	)		3.4150	%		0.00				(64,771.91	)
22-Jun-05						$	(31,763,963.87	)		3.4150	%		0.00				(67,785.07	)
23-Jun-05						$	(31,763,963.87	)		3.4150	%		0.00				(70,798.24	)
24-Jun-05						$	(31,763,963.87	)		3.7650	%		0.00				(74,120.22	)
25-Jun-05						$	(31,763,963.87	)		3.7650	%		0.00				(77,442.20	)
26-Jun-05						$	(31,763,963.87	)		3.7650	%		0.00				(80,764.18	)
27-Jun-05						$	(31,763,963.87	)		3.7650	%		0.00				(84,086.16	)
28-Jun-05		$	(814,947.03	)		$	(32,578,910.90	)		3.7650	%		0.00				(87,493.37	)
29-Jun-05		$	399.23			$	(32,578,511.67	)		3.7650	%		0.00				(90,900.54	)
30-Jun-05		$	(832,011.48	)		$	(33,410,523.15	)		3.7650	%		0.00				(94,394.73	)
		$	(1,674,926.70	)		$	0.00			3.5497	%				0.00					0.00

---

INTERCOMPANY LOAN AGREEMENT

 

GROUP:		PACIFICORP GROUP HOLDINGS
SUBSIDIARY:		PFS

 

DATE		DAILY ACTIVITY PGH ADV/(REC)				PGH REC/(PAY)				DAILY % RATE			PFS pays int		INT PMT		PGH pays int			INT PMT
BALANCE FORWARD						$	(31,976,541.60	)					0.00				(37,345.25	)
01-May-05						$	(31,976,541.60	)		3.5350	%		0.00				(3,139.92	)		37,345.25
02-May-05		$	(37,072.24	)		$	(32,013,613.84	)		3.5450	%		0.00				(6,292.37	)
03-May-05						$	(32,013,613.84	)		3.5550	%		0.00				(9,453.72	)
04-May-05		$	3,727.08			$	(32,009,886.76	)		3.5150	%		0.00				(12,579.13	)
05-May-05		$	20.96			$	(32,009,865.80	)		3.4650	%		0.00				(15,660.08	)
06-May-05						$	(32,009,865.80	)		3.5750	%		0.00				(18,838.83	)
07-May-05						$	(32,009,865.80	)		3.5750	%		0.00				(22,017.59	)
08-May-05						$	(32,009,865.80	)		3.5750	%		0.00				(25,196.35	)
09-May-05						$	(32,009,865.80	)		3.5750	%		0.00				(28,375.11	)
10-May-05		$	561.55			$	(32,009,304.25	)		3.5350	%		0.00				(31,518.24	)
11-May-05		$	2,656.00			$	(32,006,648.25	)		3.5350	%		0.00				(34,661.12	)
12-May-05						$	(32,006,648.25	)		3.5350	%		0.00				(37,803.99	)
13-May-05		$	625.00			$	(32,006,023.25	)		3.5550	%		0.00				(40,964.59	)
14-May-05						$	(32,006,023.25	)		3.5550	%		0.00				(44,125.18	)
15-May-05						$	(32,006,023.25	)		3.5550	%		0.00				(47,285.78	)
16-May-05						$	(32,006,023.25	)		3.5550	%		0.00				(50,446.37	)
17-May-05						$	(32,006,023.25	)		3.6450	%		0.00				(53,686.98	)
18-May-05						$	(32,006,023.25	)		3.6450	%		0.00				(56,927.59	)
19-May-05						$	(32,006,023.25	)		3.5650	%		0.00				(60,097.08	)
20-May-05		$	187,600.71			$	(31,818,422.54	)		3.5950	%		0.00				(63,274.50	)
21-May-05						$	(31,818,422.54	)		3.5950	%		0.00				(66,451.92	)
22-May-05						$	(31,818,422.54	)		3.5950	%		0.00				(69,629.35	)
23-May-05		$	34,308.33			$	(31,784,114.21	)		3.5950	%		0.00				(72,803.34	)
24-May-05		$	2,081.79			$	(31,782,032.42	)		3.5950	%		0.00				(75,977.13	)
25-May-05						$	(31,782,032.42	)		3.5550	%		0.00				(79,115.61	)
26-May-05						$	(31,782,032.42	)		3.7050	%		0.00				(82,386.51	)
27-May-05						$	(31,782,032.42	)		3.5450	%		0.00				(85,516.16	)
28-May-05						$	(31,782,032.42	)		3.5450	%		0.00				(88,645.80	)
29-May-05						$	(31,782,032.42	)		3.5450	%		0.00				(91,775.45	)
30-May-05						$	(31,782,032.42	)		3.5450	%		0.00				(94,905.10	)
31-May-05		$	46,435.97			$	(31,735,596.45	)		3.7150	%		0.00				(98,180.04	)
		$	240,945.15			$	(31,735,596.45	)		3.5718	%				0.00					0.00

---

INTERCOMPANY LOAN AGREEMENT

 

GROUP:		PACIFICORP GROUP HOLDINGS
SUBSIDIARY:		PFS

 

DATE		DAILY ACTIVITY PGH ADV/(REC)				PGH REC/(PAY)				DAILY % RATE			PFS pays int		INT PMT		PGH pays int			INT PMT
BALANCE FORWARD						$	(11,453,542.02	)					0.00				(141,707.16	)
01-Apr-05		$	(141,695.40	)		$	(11,595,237.42	)		3.3350	%		0.00				(1,074.17	)		141,707.16
02-Apr-05						$	(11,595,237.42	)		3.3350	%		0.00				(2,148.34	)
03-Apr-05						$	(11,595,237.42	)		3.3350	%		0.00				(3,222.51	)
04-Apr-05		$	2,300.00			$	(11,592,937.42	)		3.3050	%		0.00				(4,286.81	)
05-Apr-05						$	(11,592,937.42	)		3.3050	%		0.00				(5,351.10	)
06-Apr-05		$	25,741.24			$	(11,567,196.18	)		3.3050	%		0.00				(6,413.03	)
07-Apr-05						$	(11,567,196.18	)		3.3050	%		0.00				(7,474.97	)
08-Apr-05						$	(11,567,196.18	)		3.3150	%		0.00				(8,540.11	)
09-Apr-05						$	(11,567,196.18	)		3.3150	%		0.00				(9,605.26	)
10-Apr-05						$	(11,567,196.18	)		3.3150	%		0.00				(10,670.41	)
11-Apr-05		$	4,637.86			$	(11,562,558.32	)		3.3150	%		0.00				(11,735.12	)
12-Apr-05						$	(11,562,558.32	)		3.3150	%		0.00				(12,799.84	)
13-Apr-05						$	(11,562,558.32	)		3.3150	%		0.00				(13,864.56	)
14-Apr-05						$	(11,562,558.32	)		3.5050	%		0.00				(14,990.31	)
15-Apr-05		$	(288,000.00	)		$	(11,850,558.32	)		3.5050	%		0.00				(16,144.09	)
16-Apr-05						$	(11,850,558.32	)		3.5050	%		0.00				(17,297.87	)
17-Apr-05						$	(11,850,558.32	)		3.5050	%		0.00				(18,451.66	)
18-Apr-05						$	(11,850,558.32	)		3.4450	%		0.00				(19,585.69	)
19-Apr-05						$	(11,850,558.32	)		3.4450	%		0.00				(20,719.72	)
20-Apr-05						$	(11,850,558.32	)		3.4650	%		0.00				(21,860.34	)
21-Apr-05		$	2,764.70			$	(11,847,793.62	)		3.4650	%		0.00				(23,000.69	)
22-Apr-05						$	(11,847,793.62	)		3.4650	%		0.00				(24,141.04	)
23-Apr-05						$	(11,847,793.62	)		3.4650	%		0.00				(25,281.39	)
24-Apr-05						$	(11,847,793.62	)		3.4650	%		0.00				(26,421.74	)
25-Apr-05						$	(11,847,793.62	)		3.4650	%		0.00				(27,562.09	)
26-Apr-05						$	(11,847,793.62	)		3.4950	%		0.00				(28,712.31	)
27-Apr-05						$	(11,847,793.62	)		3.5650	%		0.00				(29,885.57	)
28-Apr-05						$	(11,847,793.62	)		3.5850	%		0.00				(31,065.42	)
29-Apr-05		$	(20,128,747.98	)		$	(31,976,541.60	)		3.5350	%		0.00				(34,205.33	)
30-Apr-05						$	(31,976,541.60	)		3.5350	%		0.00				(37,345.25	)
		$	(20,522,999.58	)		$	0.00			3.4177	%				0.00					0.00

---

INTERCOMPANY LOAN AGREEMENT

 

GROUP:		PACIFICORP GROUP HOLDINGS
SUBSIDIARY:		PACIFICORP TRANS

 

DATE		DAILY ACTIVITY PGH ADV/(REC)			PGH REC/(PAY)			DAILY % RATE			trans pays int							PGH pays int			INT PMT
BALANCE FORWARD					$	95,375.68					$	277.84						$	0.00
01-Jun-05		$	277.84		$	95,653.52		3.6050	%		$	9.58		$	(277.84	)		$	0.00
02-Jun-05		$	153.97		$	95,807.49		3.4850	%		$	18.86						$	0.00
03-Jun-05		$	12,844.83		$	108,652.32		3.5650	%		$	29.61						$	0.00
04-Jun-05					$	108,652.32		3.5650	%		$	40.37						$	0.00
05-Jun-05					$	108,652.32		3.5650	%		$	51.13						$	0.00
06-Jun-05					$	108,652.32		3.6350	%		$	62.10						$	0.00
07-Jun-05					$	108,652.32		3.6350	%		$	73.08						$	0.00
08-Jun-05					$	108,652.32		3.6350	%		$	84.05						$	0.00
09-Jun-05					$	108,652.32		3.6350	%		$	95.02						$	0.00
10-Jun-05					$	108,652.32		3.4150	%		$	105.32						$	0.00
11-Jun-05					$	108,652.32		3.4150	%		$	115.63						$	0.00
12-Jun-05					$	108,652.32		3.4150	%		$	125.94						$	0.00
13-Jun-05		$	35.57		$	108,687.89		3.4150	%		$	136.25						$	0.00
14-Jun-05					$	108,687.89		3.4150	%		$	146.56						$	0.00
15-Jun-05		$	9.35		$	108,697.24		3.4150	%		$	156.87						$	0.00
16-Jun-05		$	1,781.30		$	110,478.54		3.4150	%		$	167.35						$	0.00
17-Jun-05					$	110,478.54		3.4150	%		$	177.83						$	0.00
18-Jun-05					$	110,478.54		3.4150	%		$	188.31						$	0.00
19-Jun-05					$	110,478.54		3.4150	%		$	198.79						$	0.00
20-Jun-05		$	2.80		$	110,481.34		3.4150	%		$	209.27						$	0.00
21-Jun-05		$	18,522.15		$	129,003.49		3.4150	%		$	221.51						$	0.00
22-Jun-05					$	129,003.49		3.4150	%		$	233.75						$	0.00
23-Jun-05		$	78.93		$	129,082.42		3.4150	%		$	245.99						$	0.00
24-Jun-05		$	572.47		$	129,654.89		3.7650	%		$	259.55						$	0.00
25-Jun-05					$	129,654.89		3.7650	%		$	273.11						$	0.00
26-Jun-05					$	129,654.89		3.7650	%		$	286.67						$	0.00
27-Jun-05		$	166.29		$	129,821.18		3.7650	%		$	300.25						$	0.00
28-Jun-05					$	129,821.18		3.7650	%		$	313.82						$	0.00
29-Jun-05					$	129,821.18		3.7650	%		$	327.40						$	0.00
30-Jun-05		$	244.00		$	130,065.18		3.7650	%		$	341.00						$	0.00
TOTAL		$	34,689.50		$	0.00		3.5497	%						0.00						0.00

---

INTERCOMPANY LOAN AGREEMENT

 

GROUP:		PACIFICORP GROUP HOLDINGS
SUBSIDIARY:		PACIFICORP TRANS

 

DATE		DAILY ACTIVITY PGH ADV / (REC)				PGH REC/(PAY)			DAILY % RATE			trans pays int							PGH pays int			INT PMT
BALANCE FORWARD						$	41,334.12					$	197.81						$	0.00
01-May-05						$	41,334.12		3.5350	%		$	4.06		$	(197.81	)		$	0.00
02-May-05		$	197.81			$	41,531.93		3.5450	%		$	8.15						$	0.00
03-May-05		$	12,844.83			$	54,376.76		3.5550	%		$	13.52						$	0.00
04-May-05						$	54,376.76		3.5150	%		$	18.83						$	0.00
05-May-05		$	177.05			$	54,553.81		3.4650	%		$	24.08						$	0.00
06-May-05		$	90.00			$	54,643.81		3.5750	%		$	29.50						$	0.00
07-May-05						$	54,643.81		3.5750	%		$	34.93						$	0.00
08-May-05						$	54,643.81		3.5750	%		$	40.36						$	0.00
09-May-05		$	30.31			$	54,674.12		3.5750	%		$	45.78						$	0.00
10-May-05						$	54,674.12		3.5350	%		$	51.15						$	0.00
11-May-05		$	83.40			$	54,757.52		3.5350	%		$	56.53						$	0.00
12-May-05		$	55,367.38			$	110,124.90		3.5350	%		$	67.34						$	0.00
13-May-05						$	110,124.90		3.5550	%		$	78.22						$	0.00
14-May-05						$	110,124.90		3.5550	%		$	89.09						$	0.00
15-May-05						$	110,124.90		3.5550	%		$	99.97						$	0.00
16-May-05		$	21,872.00			$	131,996.90		3.5550	%		$	113.00						$	0.00
17-May-05						$	131,996.90		3.6450	%		$	126.37						$	0.00
18-May-05						$	131,996.90		3.6450	%		$	139.73						$	0.00
19-May-05						$	131,996.90		3.5650	%		$	152.80						$	0.00
20-May-05						$	131,996.90		3.5950	%		$	165.99						$	0.00
21-May-05						$	131,996.90		3.5950	%		$	179.17						$	0.00
22-May-05						$	131,996.90		3.5950	%		$	192.35						$	0.00
23-May-05		$	(38,535.16	)		$	93,461.74		3.5950	%		$	201.68						$	0.00
24-May-05		$	1,842.48			$	95,304.22		3.5950	%		$	211.20						$	0.00
25-May-05		$	71.46			$	95,375.68		3.5550	%		$	220.62						$	0.00
26-May-05						$	95,375.68		3.7050	%		$	230.43						$	0.00
27-May-05						$	95,375.68		3.5450	%		$	239.82						$	0.00
28-May-05						$	95,375.68		3.5450	%		$	249.22						$	0.00
29-May-05						$	95,375.68		3.5450	%		$	258.61						$	0.00
30-May-05						$	95,375.68		3.5450	%		$	268.00						$	0.00
31-May-05						$	95,375.68		3.7150	%		$	277.84						$	0.00
TOTAL		$	54,041.56			$	95,375.68		3.5718	%						277.84						0.00

---

INTERCOMPANY LOAN AGREEMENT

 

GROUP:		PACIFICORP GROUP HOLDINGS
SUBSIDIARY:		PACIFICORP TRANS

 

DATE		DAILY ACTIVITY PGH ADV / (REC)				PGH REC/(PAY)			DAILY % RATE			trans pays int						PGH pays int				INT PMT
BALANCE FORWARD						$	8,006.95					$	60.37					$	(26.13	)
01-Apr-05		$	34.23			$	8,041.18		3.3350	%		$	121.48		$	60.37		$	0.00			$	26.13
02-Apr-05						$	8,041.18		3.3350	%		$	122.23					$	0.00
03-Apr-05						$	8,041.18		3.3350	%		$	122.97					$	0.00
04-Apr-05		$	17,248.32			$	25,289.50		3.3050	%		$	125.30					$	0.00
05-Apr-05						$	25,289.50		3.3050	%		$	127.62					$	0.00
06-Apr-05						$	25,289.50		3.3050	%		$	129.94					$	0.00
07-Apr-05						$	25,289.50		3.3050	%		$	132.26					$	0.00
08-Apr-05						$	25,289.50		3.3150	%		$	134.59					$	0.00
09-Apr-05						$	25,289.50		3.3150	%		$	136.92					$	0.00
10-Apr-05						$	25,289.50		3.3150	%		$	139.25					$	0.00
11-Apr-05						$	25,289.50		3.3150	%		$	141.58					$	0.00
12-Apr-05						$	25,289.50		3.3150	%		$	143.91					$	0.00
13-Apr-05		$	1.17			$	25,290.67		3.3150	%		$	146.23					$	0.00
14-Apr-05						$	25,290.67		3.5050	%		$	148.70					$	0.00
15-Apr-05						$	25,290.67		3.5050	%		$	151.16					$	0.00
16-Apr-05						$	25,290.67		3.5050	%		$	153.62					$	0.00
17-Apr-05						$	25,290.67		3.5050	%		$	156.08					$	0.00
18-Apr-05		$	97.83			$	25,388.50		3.4450	%		$	158.51					$	0.00
19-Apr-05						$	25,388.50		3.4450	%		$	160.94					$	0.00
20-Apr-05		$	83.40			$	25,471.90		3.4650	%		$	163.39					$	0.00
21-Apr-05						$	25,471.90		3.4650	%		$	165.85					$	0.00
22-Apr-05						$	25,471.90		3.4650	%		$	168.30					$	0.00
23-Apr-05						$	25,471.90		3.4650	%		$	170.75					$	0.00
24-Apr-05						$	25,471.90		3.4650	%		$	173.20					$	0.00
25-Apr-05		$	152.70			$	25,624.60		3.4650	%		$	175.67					$	0.00
26-Apr-05		$	20,744.83			$	46,369.43		3.4950	%		$	180.17					$	0.00
27-Apr-05						$	46,369.43		3.5650	%		$	184.76					$	0.00
28-Apr-05		$	3,127.62			$	49,497.05		3.5850	%		$	189.69					$	0.00
29-Apr-05		$	(8,162.93	)		$	41,334.12		3.5350	%		$	193.75					$	0.00
30-Apr-05						$	41,334.12		3.5350	%		$	197.81					$	0.00
TOTAL		$	33,327.17			$	0.00		3.4177	%						0.00							0.00

---

INTERCOMPANY LOAN AGREEMENT

 

GROUP:		PACIFICORP GROUP HOLDINGS
SUBSIDIARY:		PACE GROUP

 

DATE		DAILY ACTIVITY PGH ADV / (REC)				PGH REC/(PAY)				DAILY % RATE			PACE owes int			(INT PMT)		PGH owes int				INT PMT
BALANCE FORWARD						$	(2,188,758.44	)					$	0.00				$	(6,739.51	)
01-Jun-05						$	(2,188,758.44	)		3.6050	%		$	0.00				$	(219.18	)		$	6,739.51
02-Jun-05						$	(2,188,758.44	)		3.4850	%		$	0.00				$	(431.07	)
03-Jun-05		$	(6,739.51	)		$	(2,195,497.95	)		3.5650	%		$	0.00				$	(648.48	)
04-Jun-05						$	(2,195,497.95	)		3.5650	%		$	0.00				$	(865.90	)
05-Jun-05						$	(2,195,497.95	)		3.5650	%		$	0.00				$	(1,083.31	)
06-Jun-05						$	(2,195,497.95	)		3.6350	%		$	0.00				$	(1,305.00	)
07-Jun-05						$	(2,195,497.95	)		3.6350	%		$	0.00				$	(1,526.68	)
08-Jun-05						$	(2,195,497.95	)		3.6350	%		$	0.00				$	(1,748.36	)
09-Jun-05						$	(2,195,497.95	)		3.6350	%		$	0.00				$	(1,970.05	)
10-Jun-05		$	18,363.00			$	(2,177,134.95	)		3.4150	%		$	0.00				$	(2,176.57	)
11-Jun-05						$	(2,177,134.95	)		3.4150	%		$	0.00				$	(2,383.10	)
12-Jun-05						$	(2,177,134.95	)		3.4150	%		$	0.00				$	(2,589.62	)
13-Jun-05						$	(2,177,134.95	)		3.4150	%		$	0.00				$	(2,796.15	)
14-Jun-05		$	3,102.39			$	(2,174,032.56	)		3.4150	%		$	0.00				$	(3,002.38	)
15-Jun-05						$	(2,174,032.56	)		3.4150	%		$	0.00				$	(3,208.61	)
16-Jun-05						$	(2,174,032.56	)		3.4150	%		$	0.00				$	(3,414.84	)
17-Jun-05						$	(2,174,032.56	)		3.4150	%		$	0.00				$	(3,621.07	)
18-Jun-05						$	(2,174,032.56	)		3.4150	%		$	0.00				$	(3,827.31	)
19-Jun-05						$	(2,174,032.56	)		3.4150	%		$	0.00				$	(4,033.54	)
20-Jun-05		$	(24,500.00	)		$	(2,198,532.56	)		3.4150	%		$	0.00				$	(4,242.09	)
21-Jun-05						$	(2,198,532.56	)		3.4150	%		$	0.00				$	(4,450.65	)
22-Jun-05		$	7,681.97			$	(2,190,850.59	)		3.4150	%		$	0.00				$	(4,658.47	)
23-Jun-05						$	(2,190,850.59	)		3.4150	%		$	0.00				$	(4,866.30	)
24-Jun-05						$	(2,190,850.59	)		3.7650	%		$	0.00				$	(5,095.43	)
25-Jun-05						$	(2,190,850.59	)		3.7650	%		$	0.00				$	(5,324.55	)
26-Jun-05						$	(2,190,850.59	)		3.7650	%		$	0.00				$	(5,553.68	)
27-Jun-05						$	(2,190,850.59	)		3.7650	%		$	0.00				$	(5,782.81	)
28-Jun-05						$	(2,190,850.59	)		3.7650	%		$	0.00				$	(6,011.93	)
29-Jun-05						$	(2,190,850.59	)		3.7650	%		$	0.00				$	(6,241.06	)
30-Jun-05						$	(2,190,850.59	)		3.7650	%		$	0.00				$	(6,470.19	)
TOTAL		$	(2,092.15	)		$	0.00			3.5497	%					0.00							0.00

---

INTERCOMPANY LOAN AGREEMENT

 

GROUP:		PACIFICORP GROUP HOLDINGS
SUBSIDIARY:		PACE GROUP

 

DATE		DAILY ACTIVITY PGH ADV / (REC)			PGH REC/(PAY)				DAILY % RATE			PACE owes int			(INT PMT)		PGH owes int				INT PMT
BALANCE FORWARD					$	(2,211,659.97	)					$	0.00				$	(6,245.84	)
01-May-05					$	(2,211,659.97	)		3.5350	%		$	0.00				$	(217.17	)		$	6,245.84
02-May-05					$	(2,211,659.97	)		3.5450	%		$	0.00				$	(434.96	)
03-May-05		$	19,799.14		$	(2,191,860.83	)		3.5550	%		$	0.00				$	(651.41	)
04-May-05					$	(2,191,860.83	)		3.5150	%		$	0.00				$	(865.42	)
05-May-05					$	(2,191,860.83	)		3.4650	%		$	0.00				$	(1,076.38	)
06-May-05					$	(2,191,860.83	)		3.5750	%		$	0.00				$	(1,294.05	)
07-May-05					$	(2,191,860.83	)		3.5750	%		$	0.00				$	(1,511.71	)
08-May-05					$	(2,191,860.83	)		3.5750	%		$	0.00				$	(1,729.38	)
09-May-05					$	(2,191,860.83	)		3.5750	%		$	0.00				$	(1,947.04	)
10-May-05					$	(2,191,860.83	)		3.5350	%		$	0.00				$	(2,162.27	)
11-May-05					$	(2,191,860.83	)		3.5350	%		$	0.00				$	(2,377.50	)
12-May-05					$	(2,191,860.83	)		3.5350	%		$	0.00				$	(2,592.73	)
13-May-05		$	3,102.39		$	(2,188,758.44	)		3.5550	%		$	0.00				$	(2,808.87	)
14-May-05					$	(2,188,758.44	)		3.5550	%		$	0.00				$	(3,025.01	)
15-May-05					$	(2,188,758.44	)		3.5550	%		$	0.00				$	(3,241.15	)
16-May-05					$	(2,188,758.44	)		3.5550	%		$	0.00				$	(3,457.29	)
17-May-05					$	(2,188,758.44	)		3.6450	%		$	0.00				$	(3,678.90	)
18-May-05					$	(2,188,758.44	)		3.6450	%		$	0.00				$	(3,900.51	)
19-May-05					$	(2,188,758.44	)		3.5650	%		$	0.00				$	(4,117.26	)
20-May-05					$	(2,188,758.44	)		3.5950	%		$	0.00				$	(4,335.83	)
21-May-05					$	(2,188,758.44	)		3.5950	%		$	0.00				$	(4,554.40	)
22-May-05					$	(2,188,758.44	)		3.5950	%		$	0.00				$	(4,772.97	)
23-May-05					$	(2,188,758.44	)		3.5950	%		$	0.00				$	(4,991.54	)
24-May-05					$	(2,188,758.44	)		3.5950	%		$	0.00				$	(5,210.12	)
25-May-05					$	(2,188,758.44	)		3.5550	%		$	0.00				$	(5,426.26	)
26-May-05					$	(2,188,758.44	)		3.7050	%		$	0.00				$	(5,651.52	)
27-May-05					$	(2,188,758.44	)		3.5450	%		$	0.00				$	(5,867.05	)
28-May-05					$	(2,188,758.44	)		3.5450	%		$	0.00				$	(6,082.58	)
29-May-05					$	(2,188,758.44	)		3.5450	%		$	0.00				$	(6,298.11	)
30-May-05					$	(2,188,758.44	)		3.5450	%		$	0.00				$	(6,513.64	)
31-May-05					$	(2,188,758.44	)		3.7150	%		$	0.00				$	(6,739.51	)
TOTAL		$	22,901.53		$	(2,188,758.44	)		3.5718	%					0.00							0.00

---

INTERCOMPANY LOAN AGREEMENT

 

GROUP:		PACIFICORP GROUP HOLDINGS
SUBSIDIARY:		PACE GROUP

 

DATE		DAILY ACTIVITY PGH ADV / (REC)				PGH REC/(PAY)				DAILY % RATE			PACE owes int			(INT PMT)		PGH owes int				INT PMT
BALANCE FORWARD						$	(2,193,061.69	)					$	0.00				$	(4,882.65	)
01-Apr-05						$	(2,193,061.69	)		3.3350	%		$	0.00				$	(203.16	)		$	4,882.65
02-Apr-05						$	(2,193,061.69	)		3.3350	%		$	0.00				$	(406.33	)
03-Apr-05						$	(2,193,061.69	)		3.3350	%		$	0.00				$	(609.49	)
04-Apr-05		$	(4,882.65	)		$	(2,197,944.34	)		3.3050	%		$	0.00				$	(811.27	)
05-Apr-05						$	(2,197,944.34	)		3.3050	%		$	0.00				$	(1,013.06	)
06-Apr-05						$	(2,197,944.34	)		3.3050	%		$	0.00				$	(1,214.84	)
07-Apr-05						$	(2,197,944.34	)		3.3050	%		$	0.00				$	(1,416.62	)
08-Apr-05						$	(2,197,944.34	)		3.3150	%		$	0.00				$	(1,619.02	)
09-Apr-05						$	(2,197,944.34	)		3.3150	%		$	0.00				$	(1,821.41	)
10-Apr-05						$	(2,197,944.34	)		3.3150	%		$	0.00				$	(2,023.80	)
11-Apr-05		$	7,681.98			$	(2,190,262.36	)		3.3150	%		$	0.00				$	(2,225.49	)
12-Apr-05						$	(2,190,262.36	)		3.3150	%		$	0.00				$	(2,427.18	)
13-Apr-05						$	(2,190,262.36	)		3.3150	%		$	0.00				$	(2,628.86	)
14-Apr-05		$	3,102.39			$	(2,187,159.97	)		3.5050	%		$	0.00				$	(2,841.81	)
15-Apr-05						$	(2,187,159.97	)		3.5050	%		$	0.00				$	(3,054.75	)
16-Apr-05						$	(2,187,159.97	)		3.5050	%		$	0.00				$	(3,267.70	)
17-Apr-05						$	(2,187,159.97	)		3.5050	%		$	0.00				$	(3,480.64	)
18-Apr-05						$	(2,187,159.97	)		3.4450	%		$	0.00				$	(3,689.94	)
19-Apr-05						$	(2,187,159.97	)		3.4450	%		$	0.00				$	(3,899.24	)
20-Apr-05						$	(2,187,159.97	)		3.4650	%		$	0.00				$	(4,109.75	)
21-Apr-05						$	(2,187,159.97	)		3.4650	%		$	0.00				$	(4,320.27	)
22-Apr-05						$	(2,187,159.97	)		3.4650	%		$	0.00				$	(4,530.78	)
23-Apr-05						$	(2,187,159.97	)		3.4650	%		$	0.00				$	(4,741.30	)
24-Apr-05						$	(2,187,159.97	)		3.4650	%		$	0.00				$	(4,951.81	)
25-Apr-05						$	(2,187,159.97	)		3.4650	%		$	0.00				$	(5,162.32	)
26-Apr-05						$	(2,187,159.97	)		3.4950	%		$	0.00				$	(5,374.66	)
27-Apr-05						$	(2,187,159.97	)		3.5650	%		$	0.00				$	(5,591.25	)
28-Apr-05		$	(24,500.00	)		$	(2,211,659.97	)		3.5850	%		$	0.00				$	(5,811.50	)
29-Apr-05						$	(2,211,659.97	)		3.5350	%		$	0.00				$	(6,028.67	)
30-Apr-05						$	(2,211,659.97	)		3.5350	%		$	0.00				$	(6,245.84	)
TOTAL		$	(18,598.28	)		$	0.00			3.4177	%					0.00							0.00

---

RULE 52 LOAN AGREEMENT

 

PARTIES:		PPM
		PECL

 

DATE		DAILY ACTIVITY			PPM LEND (OWE)				DAILY % RATE			PECL pays int		IP		PPM pays Interest
BALANCE FORWARD					$	(11,776,703.69	)					0.00				0.00
Prior Month Interest					$	(11,776,703.69	)					0.00				0.00
01-Jun-05						(11,776,703.69	)		3.1006	%		—				(1,014.30	)
02-Jun-05					$	(11,776,703.69	)		3.1006	%		—				(2,028.60	)
03-Jun-05					$	(11,776,703.69	)		3.1006	%		—				(3,042.90	)
04-Jun-05					$	(11,776,703.69	)		3.1006	%		—				(4,057.20	)
05-Jun-05					$	(11,776,703.69	)		3.1006	%		—				(5,071.50	)
06-Jun-05					$	(11,776,703.69	)		3.1006	%		—				(6,085.80	)
07-Jun-05					$	(11,776,703.69	)		3.1006	%		—				(7,100.10	)
08-Jun-05					$	(11,776,703.69	)		3.1006	%		—				(8,114.40	)
09-Jun-05					$	(11,776,703.69	)		3.1006	%		—				(9,128.70	)
10-Jun-05					$	(11,776,703.69	)		3.1006	%		—				(10,143.00	)
11-Jun-05					$	(11,776,703.69	)		3.1006	%		—				(11,157.30	)
12-Jun-05					$	(11,776,703.69	)		3.1006	%		—				(12,171.60	)
13-Jun-05					$	(11,776,703.69	)		3.1006	%		—				(13,185.90	)
14-Jun-05					$	(11,776,703.69	)		3.1006	%		—				(14,200.20	)
15-Jun-05		2,619.00			$	(11,774,084.69	)		3.1006	%		—				(15,214.28	)
16-Jun-05		10,499,970.00			$	(1,274,114.69	)		3.1006	%		—				(15,324.02	)
17-Jun-05					$	(1,274,114.69	)		3.1006	%		—				(15,433.76	)
18-Jun-05					$	(1,274,114.69	)		3.1006	%		—				(15,543.50	)
19-Jun-05					$	(1,274,114.69	)		3.1006	%		—				(15,653.24	)
20-Jun-05					$	(1,274,114.69	)		3.1006	%		—				(15,762.98	)
21-Jun-05					$	(1,274,114.69	)		3.1006	%		—				(15,872.72	)
22-Jun-05		(219,318.20	)		$	(1,493,432.89	)		3.1006	%		—				(16,001.35	)
23-Jun-05		5,606,876.53			$	4,113,443.64			3.1006	%		354.28				(16,001.35	)
24-Jun-05		3,019,860.00			$	7,133,303.64			3.1006	%		968.66				(16,001.35	)
25-Jun-05					$	7,133,303.64			3.1006	%		1,583.04				(16,001.35	)
26-Jun-05					$	7,133,303.64			3.1006	%		2,197.42				(16,001.35	)
27-Jun-05					$	7,133,303.64			3.1006	%		2,811.80				(16,001.35	)
28-Jun-05					$	7,133,303.64			3.1006	%		3,426.18				(16,001.35	)
29-Jun-05					$	7,133,303.64			3.1006	%		4,040.56				(16,001.35	)
30-Jun-05		(7,707,112.58	)		$	(573,808.94	)		3.1006	%		4,040.56				(16,050.77	)
30-Jun-05		(13,831.06	)		$	(587,640.00	)		Add interest to balance
												4,040.56				(16,050.77	)
TOTAL		11,202,894.75

---

RULE 52 LOAN AGREEMENT

 

PARTIES:		PPM
		PECL

 

DATE		DAILY ACTIVITY			PPM LEND (OWE)				DAILY % RATE			PECL pays int		IP		PPM pays Interest
BALANCE FORWARD					$	(42,851,249.77	)					0.00				0.00
Prior Month Interest					$	(42,851,249.77	)					0.00				0.00
01-May-05					$	(42,851,249.77	)		3.0644	%		—				(3,647.59	)
02-May-05		(3,999,990.00	)		$	(46,851,239.77	)		3.0644	%		—				(7,635.67	)
03-May-05					$	(46,851,239.77	)		3.0644	%		—				(11,623.75	)
04-May-05		(1,999,990.00	)		$	(48,851,229.77	)		3.0644	%		—				(15,782.08	)
05-May-05					$	(48,851,229.77	)		3.0644	%		—				(19,940.41	)
06-May-05		7,414.04			$	(48,843,815.73	)		3.0644	%		—				(24,098.10	)
07-May-05					$	(48,843,815.73	)		3.0644	%		—				(28,255.79	)
08-May-05					$	(48,843,815.73	)		3.0644	%		—				(32,413.48	)
09-May-05					$	(48,843,815.73	)		3.0644	%		—				(36,571.17	)
10-May-05		5,457.00			$	(48,838,358.73	)		3.0644	%		—				(40,728.40	)
11-May-05					$	(48,838,358.73	)		3.0644	%		—				(44,885.63	)
12-May-05		(4,559.14	)		$	(48,842,917.87	)		3.0644	%		—				(49,043.25	)
13-May-05					$	(48,842,917.87	)		3.0644	%		—				(53,200.87	)
14-May-05					$	(48,842,917.87	)		3.0644	%		—				(57,358.49	)
15-May-05					$	(48,842,917.87	)		3.0644	%		—				(61,516.11	)
16-May-05					$	(48,842,917.87	)		3.0644	%		—				(65,673.73	)
17-May-05					$	(48,842,917.87	)		3.0644	%		—				(69,831.35	)
18-May-05					$	(48,842,917.87	)		3.0644	%		—				(73,988.97	)
19-May-05		1,044.00			$	(48,841,873.87	)		3.0644	%		—				(78,146.50	)
20-May-05					$	(48,841,873.87	)		3.0644	%		—				(82,304.03	)
21-May-05					$	(48,841,873.87	)		3.0644	%		—				(86,461.56	)
22-May-05					$	(48,841,873.87	)		3.0644	%		—				(90,619.09	)
23-May-05		(2,074.66	)		$	(48,843,948.53	)		3.0644	%		—				(94,776.80	)
24-May-05					$	(48,843,948.53	)		3.0644	%		—				(98,934.51	)
25-May-05		35,000.00			$	(48,808,948.53	)		3.0644	%		—				(103,089.24	)
26-May-05		(5,537,974.68	)		$	(54,346,923.21	)		3.0644	%		—				(107,715.37	)
27-May-05					$	(54,346,923.21	)		3.0644	%		—				(112,341.50	)
28-May-05					$	(54,346,923.21	)		3.0644	%		—				(116,967.63	)
29-May-05					$	(54,346,923.21	)		3.0644	%		—				(121,593.76	)
30-May-05					$	(54,346,923.21	)		3.0644	%		—				(126,219.89	)
31-May-05		42,697,431.04			$	(11,649,492.17	)		3.0644	%		—				(127,211.52	)
31-May-05		(127,211.52	)		$	(11,776,703.69	)		Add interest to balance			0.00				(127,211.52	)
TOTAL		31,201,757.60

---

RULE 52 LOAN AGREEMENT

 

PARTIES:		PPM
		PECL

 

DATE		DAILY ACTIVITY			PPM LEND (OWE)				DAILY % RATE			PECL pays int		IP		PPM pays Interest
BALANCE FORWARD						(37,460,532.12	)					0.00				0.00
01-Apr-05		(600,000.00	)		$	(38,060,532.12	)		2.8500	%		—				(3,013.13	)
02-Apr-05					$	(38,060,532.12	)		2.8500	%		—				(6,026.26	)
03-Apr-05					$	(38,060,532.12	)		2.8500	%		—				(9,039.39	)
04-Apr-05					$	(38,060,532.12	)		2.8500	%		—				(12,052.52	)
05-Apr-05		(1,800,000.00	)		$	(39,860,532.12	)		2.8500	%		—				(15,208.15	)
06-Apr-05		1,050,778.05			$	(38,809,754.07	)		2.8500	%		—				(18,280.59	)
07-Apr-05		1,621,248.01			$	(37,188,506.06	)		2.8500	%		—				(21,224.68	)
08-Apr-05		204,189.10			$	(36,984,316.96	)		2.8500	%		—				(24,152.61	)
09-Apr-05					$	(36,984,316.96	)		2.8500	%		—				(27,080.54	)
10-Apr-05					$	(36,984,316.96	)		2.8500	%		—				(30,008.47	)
11-Apr-05		500,000.00			$	(36,484,316.96	)		2.8500	%		—				(32,896.81	)
12-Apr-05		400,000.00			$	(36,084,316.96	)		2.8500	%		—				(35,753.49	)
13-Apr-05		4,928,350.90			$	(31,155,966.06	)		2.8500	%		—				(38,220.00	)
14-Apr-05					$	(31,155,966.06	)		2.8500	%		—				(40,686.51	)
15-Apr-05		328,996.14			$	(30,826,969.92	)		2.8500	%		—				(43,126.98	)
16-Apr-05					$	(30,826,969.92	)		2.8500	%		—				(45,567.45	)
17-Apr-05					$	(30,826,969.92	)		2.8500	%		—				(48,007.92	)
18-Apr-05					$	(30,826,969.92	)		2.8500	%		—				(50,448.39	)
19-Apr-05		2,997,298.99			$	(27,829,670.93	)		2.8500	%		—				(52,651.57	)
20-Apr-05					$	(27,829,670.93	)		2.8500	%		—				(54,854.75	)
21-Apr-05					$	(27,829,670.93	)		2.8500	%		—				(57,057.93	)
22-Apr-05		11,252,212.53			$	(16,577,458.40	)		2.8500	%		—				(58,370.31	)
23-Apr-05					$	(16,577,458.40	)		2.8500	%		—				(59,682.69	)
24-Apr-05					$	(16,577,458.40	)		2.8500	%		—				(60,995.07	)
25-Apr-05		(22,404,443.20	)		$	(38,981,901.60	)		2.8500	%		—				(64,081.14	)
26-Apr-05					$	(38,981,901.60	)		2.8500	%		—				(67,167.21	)
27-Apr-05		(10,834,636.27	)		$	(49,816,537.87	)		2.8500	%		—				(71,111.02	)
28-Apr-05		(35,000.00	)		$	(49,851,537.87	)		2.8500	%		—				(75,057.60	)
29-Apr-05					$	(49,851,537.87	)		2.8500	%		—				(79,004.18	)
30-Apr-05		7,082,678.15			$	(42,768,859.72	)		2.8500	%		—				(82,390.05	)
30-Apr-05		(82,390.05	)		$	(42,851,249.77	)		Add interest			—
												0.00				(82,390.05	)
TOTAL		(5,308,327.60	)

---

RULE 52 LOAN AGREEMENT

 

PARTIES:		PPM ENERGY INC
		ENSTOR Op Co.

 

DATE		DAILY ACTIVITY PPM ADV / (REC’T)				PPM REC/(PAY)			DAILY % RATE			ENSTOR pays int		IP		PPM pays int		INT PMT
BALANCE FORWARD						$	962,828.77					0				0.00
Final Prior Month Interest		$	44,462.08			$	1,007,290.85
01-Jun-05		$	(9,776.86	)		$	997,513.99		3.1006	%		85.91				0.00
02-Jun-05		$	(1,675.00	)		$	995,838.99		3.1006	%		171.68				0.00
03-Jun-05		$	(61,153.31	)		$	934,685.68		3.1006	%		252.19				0.00
04-Jun-05						$	934,685.68		3.1006	%		332.69				0.00
05-Jun-05						$	934,685.68		3.1006	%		413.19				0.00
06-Jun-05		$	(17,400.00	)		$	917,285.68		3.1006	%		492.19				0.00
07-Jun-05		$	(51,794.02	)		$	865,491.66		3.1006	%		566.74				0.00
08-Jun-05		$	(2,260.41	)		$	863,231.25		3.1006	%		641.09				0.00
09-Jun-05		$	(123,080.47	)		$	740,150.78		3.1006	%		704.83				0.00
10-Jun-05		$	(49,760.46	)		$	690,390.32		3.1006	%		764.29				0.00
11-Jun-05						$	690,390.32		3.1006	%		823.76				0.00
12-Jun-05						$	690,390.32		3.1006	%		883.22				0.00
13-Jun-05						$	690,390.32		3.1006	%		942.68				0.00
14-Jun-05		$	827,050.74			$	1,517,441.06		3.1006	%		1,073.37				0.00
15-Jun-05		$	261,062.44			$	1,778,503.50		3.1006	%		1,226.55				0.00
16-Jun-05						$	1,778,503.50		3.1006	%		1,379.73				0.00
17-Jun-05		$	(30,332.78	)		$	1,748,170.72		3.1006	%		1,530.30				0.00
18-Jun-05						$	1,748,170.72		3.1006	%		1,680.86				0.00
19-Jun-05						$	1,748,170.72		3.1006	%		1,831.43				0.00
20-Jun-05		$	(38,046.62	)		$	1,710,124.10		3.1006	%		1,978.72				0.00
21-Jun-05		$	(2,246.43	)		$	1,707,877.67		3.1006	%		2,125.81				0.00
22-Jun-05						$	1,707,877.67		3.1006	%		2,272.91				0.00
23-Jun-05		$	(7,393.98	)		$	1,700,483.69		3.1006	%		2,419.37				0.00
24-Jun-05		$	(52,468.51	)		$	1,648,015.18		3.1006	%		2,561.31				0.00
25-Jun-05						$	1,648,015.18		3.1006	%		2,703.25				0.00
26-Jun-05						$	1,648,015.18		3.1006	%		2,845.19				0.00
27-Jun-05		$	1,369,700.85			$	3,017,716.03		3.1006	%		3,105.10				0.00
28-Jun-05		$	(46,143.12	)		$	2,971,572.91		3.1006	%		3,361.03				0.00
29-Jun-05		$	(9,282.94	)		$	2,962,289.97		3.1006	%		3,616.17				0.00
30-Jun-05		$	(2,615,124.48	)		$	347,165.49		3.1006	%		3,646.07				0.00
30-Jun-05		$	3,646.07			$	350,811.55		3.1006	%
TOTAL		$	(660,125.36	)								3,646.07				0.00

---

RULE 52 LOAN AGREEMENT

 

PARTIES:		PPM ENERGY INC
		ENSTOR Op Co.

 

DATE		DAILY ACTIVITY PPM ADV / (REC’T)				PPM REC/(PAY)				DAILY % RATE			ENSTOR pays int		IP		PPM pays int			INT PMT
BALANCE FORWARD						$	135,646.66						0				0.00
Final Prior Month Interest		$	(957.66	)		$	134,689.00
01-May-05						$	134,689.00			3.0644	%		11.47				0.00
02-May-05						$	134,689.00			3.0644	%		22.93				0.00
03-May-05		$	(3,896.42	)		$	130,792.58			3.0644	%		34.06				0.00
04-May-05		$	57.60			$	130,850.18			3.0644	%		45.20				0.00
05-May-05		$	(806.79	)		$	130,043.39			3.0644	%		56.27				0.00
06-May-05		$	162.39			$	130,205.78			3.0644	%		67.35				0.00
07-May-05						$	130,205.78			3.0644	%		78.44				0.00
08-May-05						$	130,205.78			3.0644	%		89.52				0.00
09-May-05		$	(3,230.00	)		$	126,975.78			3.0644	%		100.33				0.00
10-May-05		$	(3,408.47	)		$	123,567.31			3.0644	%		110.85				0.00
11-May-05		$	(380.72	)		$	123,186.59			3.0644	%		121.33				0.00
12-May-05		$	(127,415.27	)		$	(4,228.68	)		3.0644	%		121.33				(0.36	)
13-May-05		$	29,275,033.80			$	29,270,805.12			3.0644	%		2,612.93				(0.36	)
14-May-05						$	29,270,805.12			3.0644	%		5,104.53				(0.36	)
15-May-05						$	29,270,805.12			3.0644	%		7,596.12				(0.36	)
16-May-05						$	29,270,805.12			3.0644	%		10,087.72				(0.36	)
17-May-05						$	29,270,805.12			3.0644	%		12,579.31				(0.36	)
18-May-05		$	(25,499.99	)		$	29,245,305.13			3.0644	%		15,068.74				(0.36	)
19-May-05		$	(26,760.88	)		$	29,218,544.25			3.0644	%		17,555.89				(0.36	)
20-May-05		$	804.75			$	29,219,349.00			3.0644	%		20,043.10				(0.36	)
21-May-05						$	29,219,349.00			3.0644	%		22,530.32				(0.36	)
22-May-05						$	29,219,349.00			3.0644	%		25,017.53				(0.36	)
23-May-05		$	(2,236,174.06	)		$	26,983,174.94			3.0644	%		27,314.40				(0.36	)
24-May-05		$	(15,327.78	)		$	26,967,847.16			3.0644	%		29,609.97				(0.36	)
25-May-05		$	2,001,041.97			$	28,968,889.13			3.0644	%		32,075.86				(0.36	)
26-May-05		$	(39,251.32	)		$	28,929,637.81			3.0644	%		34,538.42				(0.36	)
27-May-05		$	(23,956.95	)		$	28,905,680.86			3.0644	%		36,998.93				(0.36	)
28-May-05						$	28,905,680.86			3.0644	%		39,459.45				(0.36	)
29-May-05						$	28,905,680.86			3.0644	%		41,919.96				(0.36	)
30-May-05						$	28,905,680.86			3.0644	%		44,380.48				(0.36	)
31-May-05		$	(27,942,852.09	)		$	962,828.77			3.0644	%		44,462.44				(0.36	)
31-May-05		$	44,462.08			$	1,007,290.85
TOTAL		$	828,139.77										44,462.44				(0.36	)

---

RULE 52 LOAN AGREEMENT

 

PARTIES:		PPM ENERGY INC
		ENSTOR Op Co.

 

DATE		DAILY ACTIVITY PPM ADV / (REC’T)				PPM REC/(PAY)				DAILY % RATE			ENSTOR pays int		IP		PPM pays int			INT PMT
BALANCE FORWARD						$	(1,434,110.84	)					0				0.00
Final Prior Month Interest						$	(1,434,110.84	)									0.00
01-Apr-05						$	(1,434,110.84	)		2.8500	%		0.00				(113.53	)
02-Apr-05						$	(1,434,110.84	)		2.8500	%		0.00				(227.07	)
03-Apr-05						$	(1,434,110.84	)		2.8500	%		0.00				(340.60	)
04-Apr-05						$	(1,434,110.84	)		2.8500	%		0.00				(454.14	)
05-Apr-05		$	(416,831.22	)		$	(1,850,942.06	)		2.8500	%		0.00				(600.67	)
06-Apr-05						$	(1,850,942.06	)		2.8500	%		0.00				(747.20	)
07-Apr-05		$	(372,459.95	)		$	(2,223,402.01	)		2.8500	%		0.00				(923.22	)
08-Apr-05		$	(11,689.71	)		$	(2,235,091.72	)		2.8500	%		0.00				(1,100.17	)
09-Apr-05						$	(2,235,091.72	)		2.8500	%		0.00				(1,277.11	)
10-Apr-05						$	(2,235,091.72	)		2.8500	%		0.00				(1,454.05	)
11-Apr-05						$	(2,235,091.72	)		2.8500	%		0.00				(1,631.00	)
12-Apr-05		$	(34,342.51	)		$	(2,269,434.23	)		2.8500	%		0.00				(1,810.66	)
13-Apr-05		$	(745,818.51	)		$	(3,015,252.74	)		2.8500	%		0.00				(2,049.37	)
14-Apr-05		$	2,348,191.41			$	(667,061.33	)		2.8500	%		0.00				(2,102.18	)
15-Apr-05		$	2,033,111.01			$	1,366,049.68			2.8500	%		108.15				(2,102.18	)
16-Apr-05						$	1,366,049.68			2.8500	%		216.29				(2,102.18	)
17-Apr-05						$	1,366,049.68			2.8500	%		324.44				(2,102.18	)
18-Apr-05						$	1,366,049.68			2.8500	%		432.58				(2,102.18	)
19-Apr-05						$	1,366,049.68			2.8500	%		540.73				(2,102.18	)
20-Apr-05		$	(504.69	)		$	1,365,544.99			2.8500	%		648.83				(2,102.18	)
21-Apr-05		$	(122,819.56	)		$	1,242,725.43			2.8500	%		747.22				(2,102.18	)
22-Apr-05		$	20.00			$	1,242,745.43			2.8500	%		845.60				(2,102.18	)
23-Apr-05						$	1,242,745.43			2.8500	%		943.98				(2,102.18	)
24-Apr-05						$	1,242,745.43			2.8500	%		1,042.37				(2,102.18	)
25-Apr-05		$	1,203.20			$	1,243,948.63			2.8500	%		1,140.85				(2,102.18	)
26-Apr-05		$	(1,471,162.66	)		$	(227,214.03	)		2.8500	%		1,140.85				(2,120.17	)
27-Apr-05		$	286,346.82			$	59,132.79			2.8500	%		1,145.53				(2,120.17	)
28-Apr-05		$	(54,222.71	)		$	4,910.08			2.8500	%		1,145.92				(2,120.17	)
29-Apr-05		$	68,975.70			$	73,885.78			2.8500	%		1,151.77				(2,120.17	)
30-Apr-05		$	61,760.88			$	135,646.66			2.8500	%		1,162.51				(2,120.17	)
30-Apr-05		$	(957.66	)		$	134,689.00			Add interest to final balance
TOTAL		$	1,569,757.50										1,162.51				(2,120.17	)

---

RULE 52 LOAN AGREEMENT

 

PARTIES:		PPM ENERGY INC
		Katy

 

DATE		DAILY ACTIVITY PPM ADV / (REC’T)				PPM REC/(PAY)			DAILY % RATE			Katy pays int		IP		PPM pays int		INT PMT
BALANCE FORWARD						$	106,580,972.91					0				0.00
Prior Month Interest			11,542.87			$	106,592,515.78					0.00				0.00
01-Jun-05		$	9,776.86			$	106,602,292.64		3.1006	%		9,181.42				0.00
02-Jun-05		$	1,675.00			$	106,603,967.64		3.1006	%		18,362.98				0.00
03-Jun-05		$	61,153.31			$	106,665,120.95		3.1006	%		27,549.81				0.00
04-Jun-05						$	106,665,120.95		3.1006	%		36,736.64				0.00
05-Jun-05						$	106,665,120.95		3.1006	%		45,923.47				0.00
06-Jun-05						$	106,665,120.95		3.1006	%		55,110.30				0.00
07-Jun-05		$	51,794.02			$	106,716,914.97		3.1006	%		64,301.59				0.00
08-Jun-05		$	2,097.94			$	106,719,012.91		3.1006	%		73,493.06				0.00
09-Jun-05		$	119,386.91			$	106,838,399.82		3.1006	%		82,694.82				0.00
10-Jun-05		$	51,082.92			$	106,889,482.74		3.1006	%		91,900.97				0.00
11-Jun-05						$	106,889,482.74		3.1006	%		101,107.12				0.00
12-Jun-05						$	106,889,482.74		3.1006	%		110,313.28				0.00
13-Jun-05						$	106,889,482.74		3.1006	%		119,519.43				0.00
14-Jun-05		$	612.48			$	106,890,095.22		3.1006	%		128,725.64				0.00
15-Jun-05		$	1,063,719.75			$	107,953,814.97		3.1006	%		138,023.46				0.00
16-Jun-05						$	107,953,814.97		3.1006	%		147,321.28				0.00
17-Jun-05		$	27,129.75			$	107,980,944.72		3.1006	%		156,621.44				0.00
18-Jun-05						$	107,980,944.72		3.1006	%		165,921.60				0.00
19-Jun-05						$	107,980,944.72		3.1006	%		175,221.76				0.00
20-Jun-05		$	38,046.62			$	108,018,991.34		3.1006	%		184,525.19				0.00
21-Jun-05						$	108,018,991.34		3.1006	%		193,828.63				0.00
22-Jun-05						$	108,018,991.34		3.1006	%		203,132.07				0.00
23-Jun-05						$	108,018,991.34		3.1006	%		212,435.50				0.00
24-Jun-05		$	12,934.11			$	108,031,925.45		3.1006	%		221,740.05				0.00
25-Jun-05						$	108,031,925.45		3.1006	%		231,044.60				0.00
26-Jun-05						$	108,031,925.45		3.1006	%		240,349.15				0.00
27-Jun-05		$	(2,538,574.38	)		$	105,493,351.07		3.1006	%		249,435.06				0.00
28-Jun-05		$	40,802.58			$	105,534,153.65		3.1006	%		258,524.48				0.00
29-Jun-05						$	105,534,153.65		3.1006	%		267,613.90				0.00
30-Jun-05		$	1,399,466.98			$	106,933,620.63		3.1006	%		276,823.86				0.00
30-Jun-05		$	276,823.86			$	107,210,444.49		Add interest to final balance
TOTAL		$	341,104.85									276,823.86				0.00

---

RULE 52 LOAN AGREEMENT

 

PARTIES:		PPM ENERGY INC
		Katy

 

DATE		DAILY ACTIVITY PPM ADV / (REC’T)				PPM REC/(PAY)			DAILY % RATE			Katy pays int		IP		PPM pays int		INT PMT
BALANCE FORWARD						$	109,150,664.99					0				0.00
Prior Month Interest			(8,949.07	)		$	109,141,715.92					0.00				0.00
01-May-05						$	109,141,715.92		3.0644	%		9,290.39				0.00
02-May-05						$	109,141,715.92		3.0644	%		18,580.77				0.00
03-May-05		$	3,896.42			$	109,145,612.34		3.0644	%		27,871.49				0.00
04-May-05						$	109,145,612.34		3.0644	%		37,162.20				0.00
05-May-05		$	815.21			$	109,146,427.55		3.0644	%		46,452.99				0.00
06-May-05		$	(162.39	)		$	109,146,265.16		3.0644	%		55,743.76				0.00
07-May-05						$	109,146,265.16		3.0644	%		65,034.54				0.00
08-May-05						$	109,146,265.16		3.0644	%		74,325.31				0.00
09-May-05		$	3,230.00			$	109,149,495.16		3.0644	%		83,616.36				0.00
10-May-05		$	3,408.47			$	109,152,903.63		3.0644	%		92,907.69				0.00
11-May-05		$	882.23			$	109,153,785.86		3.0644	%		102,199.11				0.00
12-May-05		$	130,601.98			$	109,284,387.84		3.0644	%		111,501.64				0.00
13-May-05						$	109,284,387.84		3.0644	%		120,804.17				0.00
14-May-05						$	109,284,387.84		3.0644	%		130,106.70				0.00
15-May-05		$	(365,338.67	)		$	108,919,049.17		3.0644	%		139,378.13				0.00
16-May-05						$	108,919,049.17		3.0644	%		148,649.56				0.00
17-May-05						$	108,919,049.17		3.0644	%		157,920.99				0.00
18-May-05		$	1,410.16			$	108,920,459.33		3.0644	%		167,192.54				0.00
19-May-05		$	26,760.88			$	108,947,220.21		3.0644	%		176,466.37				0.00
20-May-05						$	108,947,220.21		3.0644	%		185,740.20				0.00
21-May-05						$	108,947,220.21		3.0644	%		195,014.03				0.00
22-May-05						$	108,947,220.21		3.0644	%		204,287.86				0.00
23-May-05		$	599.52			$	108,947,819.73		3.0644	%		213,561.74				0.00
24-May-05		$	15,343.98			$	108,963,163.71		3.0644	%		222,836.93				0.00
25-May-05		$	(1,996,233.06	)		$	106,966,930.65		3.0644	%		231,942.19				0.00
26-May-05		$	39,251.32			$	107,006,181.97		3.0644	%		241,050.80				0.00
27-May-05		$	25,431.20			$	107,031,613.17		3.0644	%		250,161.56				0.00
28-May-05						$	107,031,613.17		3.0644	%		259,272.33				0.00
29-May-05						$	107,031,613.17		3.0644	%		268,383.10				0.00
30-May-05						$	107,031,613.17		3.0644	%		277,493.87				0.00
31-May-05		$	(725,640.26	)		$	106,305,972.91		3.0644	%		286,542.87				0.00
31-May-05		$	286,542.87			$	106,592,515.78		Add interest to final balance
TOTAL		$	(2,835,743.01	)								286,542.87				0.00

---

RULE 52 LOAN AGREEMENT

 

PARTIES:		PPM ENERGY INC
		Katy

 

DATE		DAILY ACTIVITY PPM ADV / (REC’T)				PPM REC/(PAY)			DAILY % RATE			Katy pays int		IP		PPM pays int		INT PMT
BALANCE FORWARD						$	112,005,298.68					0				0.00
Prior Month Interest		$	0.00			$	112,005,298.68					0.00				0.00
01-Apr-05						$	112,005,298.68		2.8500	%		8,867.09				0.00
02-Apr-05						$	112,005,298.68		2.8500	%		17,734.17				0.00
03-Apr-05						$	112,005,298.68		2.8500	%		26,601.26				0.00
04-Apr-05						$	112,005,298.68		2.8500	%		35,468.34				0.00
05-Apr-05		$	416,904.35			$	112,422,203.03		2.8500	%		44,368.44				0.00
06-Apr-05						$	112,422,203.03		2.8500	%		53,268.53				0.00
07-Apr-05		$	372,459.95			$	112,794,662.98		2.8500	%		62,198.10				0.00
08-Apr-05		$	11,689.71			$	112,806,352.69		2.8500	%		71,128.61				0.00
09-Apr-05						$	112,806,352.69		2.8500	%		80,059.11				0.00
10-Apr-05						$	112,806,352.69		2.8500	%		88,989.61				0.00
11-Apr-05		$	(248.01	)		$	112,806,104.68		2.8500	%		97,920.10				0.00
12-Apr-05		$	34,355.86			$	112,840,460.54		2.8500	%		106,853.30				0.00
13-Apr-05		$	745,818.51			$	113,586,279.05		2.8500	%		115,845.55				0.00
14-Apr-05		$	12,407.96			$	113,598,687.01		2.8500	%		124,838.78				0.00
15-Apr-05		$	(2,049,040.15	)		$	111,549,646.86		2.8500	%		133,669.79				0.00
16-Apr-05						$	111,549,646.86		2.8500	%		142,500.80				0.00
17-Apr-05						$	111,549,646.86		2.8500	%		151,331.82				0.00
18-Apr-05						$	111,549,646.86		2.8500	%		160,162.83				0.00
19-Apr-05						$	111,549,646.86		2.8500	%		168,993.84				0.00
20-Apr-05		$	504.69			$	111,550,151.55		2.8500	%		177,824.90				0.00
21-Apr-05		$	122,819.56			$	111,672,971.11		2.8500	%		186,665.67				0.00
22-Apr-05						$	111,672,971.11		2.8500	%		195,506.45				0.00
23-Apr-05						$	111,672,971.11		2.8500	%		204,347.23				0.00
24-Apr-05						$	111,672,971.11		2.8500	%		213,188.01				0.00
25-Apr-05						$	111,672,971.11		2.8500	%		222,028.78				0.00
26-Apr-05		$	643,791.55			$	112,316,762.66		2.8500	%		230,920.53				0.00
27-Apr-05		$	6,618.51			$	112,323,381.17		2.8500	%		239,812.79				0.00
28-Apr-05		$	52,705.27			$	112,376,086.44		2.8500	%		248,709.23				0.00
29-Apr-05		$	(2,198,727.86	)		$	110,177,358.58		2.8500	%		257,431.61				0.00
30-Apr-05		$	(1,301,693.59	)		$	108,875,664.99		2.8500	%		266,050.93				0.00
30-Apr-05		$	266,050.93			$	109,141,715.92		Add interest to final balance							0.00
TOTAL		$	(3,129,633.69	)												0.00

---

RULE 52 LOAN AGREEMENT

 

PARTIES:		PPM ENERGY INC
		Waha

 

DATE		DAILY ACTIVITY PPM ADV / (REC’T)			PPM REC/(PAY)			DAILY % RATE			Waha pays int		IP		PPM pays int		INT PMT
BALANCE FORWARD					$	16,896,228.50					0				0.00
Prior Month Interest		$	9,955.72		$	16,906,184.22					0.00				0.00
01-Jun-05		$	8,795.30		$	16,914,979.52		3.1006	%		1,456.85				0.00
02-Jun-05					$	16,914,979.52		3.1006	%		2,913.70				0.00
03-Jun-05		$	100,666.11		$	17,015,645.63		3.1006	%		4,379.22				0.00
04-Jun-05					$	17,015,645.63		3.1006	%		5844.74				0.00
05-Jun-05					$	17,015,645.63		3.1006	%		7,310.26				0.00
06-Jun-05					$	17,015,645.63		3.1006	%		8,775.78				0.00
07-Jun-05		$	201,122.51		$	17,216,768.14		3.1006	%		10,258.62				0.00
08-Jun-05		$	433,155.52		$	17,649,923.66		3.1006	%		11,778.77				0.00
09-Jun-05		$	41,299.32		$	17,691,222.98		3.1006	%		13,302.47				0.00
10-Jun-05		$	21,534.42		$	17,712,757.40		3.1006	%		14,828.04				0.00
11-Jun-05					$	17,712,757.40		3.1006	%		16,353.60				0.00
12-Jun-05					$	17,712,757.40		3.1006	%		17,879.16				0.00
13-Jun-05					$	17,712,757.40		3.1006	%		19,404.72				0.00
14-Jun-05		$	1,900.00		$	17,714,657.40		3.1006	%		20,930.44				0.00
15-Jun-05		$	719,113.84		$	18,433,771.24		3.1006	%		22,518.10				0.00
16-Jun-05		$	89,598.00		$	18,523,369.24		3.1006	%		24,113.48				0.00
17-Jun-05		$	59,655.08		$	18,583,024.32		3.1006	%		25,713.99				0.00
18-Jun-05					$	18,583,024.32		3.1006	%		27,314.51				0.00
19-Jun-05					$	18,583,024.32		3.1006	%		28,915.02				0.00
20-Jun-05		$	11,181.80		$	18,594,206.12		3.1006	%		30,516.50				0.00
21-Jun-05		$	129,600.00		$	18,723,806.12		3.1006	%		32,129.14				0.00
22-Jun-05		$	48,661.53		$	18,772,467.65		3.1006	%		33,745.97				0.00
23-Jun-05		$	113,587.51		$	18,886,055.16		3.1006	%		35,372.58				0.00
24-Jun-05		$	110,843.06		$	18,996,898.22		3.1006	%		37,008.74				0.00
25-Jun-05					$	18,996,898.22		3.1006	%		38,644.90				0.00
26-Jun-05					$	18,996,898.22		3.1006	%		40,281.06				0.00
27-Jun-05					$	18,996,898.22		3.1006	%		41,917.23				0.00
28-Jun-05					$	18,996,898.22		3.1006	%		43,553.39				0.00
29-Jun-05		$	257,528.19		$	19,254,426.41		3.1006	%		45,211.73				0.00
30-Jun-05		$	338,572.25		$	19,592,998.66		3.1006	%		46,899.23				0.00
30-Jun-05		$	46,899.23		$	19,639,897.89		Add interest to final balance
TOTAL		$	2,686,814.44								46,899.23				0.00

---

RULE 52 LOAN AGREEMENT

 

PARTIES:		PPM ENERGY INC
		Waha

 

DATE		DAILY ACTIVITY PPM ADV / (REC’T)			PPM REC/(PAY)			DAILY % RATE			Waha pays int		IP		PPM pays int		INT PMT
BALANCE FORWARD					$	15,465,671.57					0				0.00
Prior Month Interest		$	32,571.90		$	15,498,243.47					0.00				0.00
01-May-05					$	15,498,243.47		3.0644	%		1,319.24				0.00
02-May-05					$	15,498,243.47		3.0644	%		2,638.49				0.00
03-May-05					$	15,498,243.47		3.0644	%		3,957.73				0.00
04-May-05					$	15,498,243.47		3.0644	%		5,276.98				0.00
05-May-05					$	15,498,243.47		3.0644	%		6,596.22				0.00
06-May-05					$	15,498,243.47		3.0644	%		7,915.47				0.00
07-May-05					$	15,498,243.47		3.0644	%		9,234.71				0.00
08-May-05					$	15,498,243.47		3.0644	%		10,553.96				0.00
09-May-05					$	15,498,243.47		3.0644	%		11,873.20				0.00
10-May-05		$	181,140.66		$	15,679,384.13		3.0644	%		13,207.87				0.00
11-May-05		$	40,014.45		$	15,719,398.58		3.0644	%		14,545.94				0.00
12-May-05		$	22,027.38		$	15,741,425.96		3.0644	%		15,885.88				0.00
13-May-05					$	15,741,425.96		3.0644	%		17,225.83				0.00
14-May-05					$	15,741,425.96		3.0644	%		18,565.77				0.00
15-May-05					$	15,741,425.96		3.0644	%		19,905.72				0.00
16-May-05					$	15,741,425.96		3.0644	%		21,245.66				0.00
17-May-05		$	133,550.84		$	15,874,976.80		3.0644	%		22,596.98				0.00
18-May-05		$	24,089.83		$	15,899,066.63		3.0644	%		23,950.34				0.00
19-May-05					$	15,899,066.63		3.0644	%		25,303.71				0.00
20-May-05					$	15,899,066.63		3.0644	%		26,657.07				0.00
21-May-05					$	15,899,066.63		3.0644	%		28,010.43				0.00
22-May-05					$	15,899,066.63		3.0644	%		29,363.80				0.00
23-May-05					$	15,899,066.63		3.0644	%		30,717.16				0.00
24-May-05		$	6,961.18		$	15,906,027.81		3.0644	%		32,071.12				0.00
25-May-05		$	22,734.74		$	15,928,762.55		3.0644	%		33,427.01				0.00
26-May-05		$	666,855.76		$	16,595,618.31		3.0644	%		34,839.66				0.00
27-May-05		$	87,833.26		$	16,683,451.57		3.0644	%		36,259.80				0.00
28-May-05					$	16,683,451.57		3.0644	%		37,679.93				0.00
29-May-05					$	16,683,451.57		3.0644	%		39,100.06				0.00
30-May-05					$	16,683,451.57		3.0644	%		40,520.19				0.00
31-May-05		$	180,776.93		$	16,864,228.50		3.0644	%		41,955.72				0.00
31-May-05		$	41,955.72		$	16,906,184.22		Add interest to final balance
TOTAL		$	1,365,985.03								41,955.72				0.00

---

RULE 52 LOAN AGREEMENT

 

PARTIES:		PPM ENERGY INC
		Waha

 

DATE		DAILY ACTIVITY PPM ADV / (REC’T)			PPM REC/(PAY)			DAILY % RATE			Waha pays int		IP		PPM pays int		INT PMT
BALANCE FORWARD					$	13,509,329.04					0				0.00
Prior Month Interest					$	13,509,329.04					0.00				0.00
01-Apr-05					$	13,509,329.04		2.8500	%		1,069.49				0.00
02-Apr-05					$	13,509,329.04		2.8500	%		2,138.98				0.00
03-Apr-05					$	13,509,329.04		2.8500	%		3,208.47				0.00
04-Apr-05					$	13,509,329.04		2.8500	%		4,277.95				0.00
05-Apr-05					$	13,509,329.04		2.8500	%		5,347.44				0.00
06-Apr-05					$	13,509,329.04		2.8500	%		6,416.93				0.00
07-Apr-05					$	13,509,329.04		2.8500	%		7,486.42				0.00
08-Apr-05					$	13,509,329.04		2.8500	%		8,555.91				0.00
09-Apr-05					$	13,509,329.04		2.8500	%		9,625.40				0.00
10-Apr-05					$	13,509,329.04		2.8500	%		10,694.89				0.00
11-Apr-05					$	13,509,329.04		2.8500	%		11,764.37				0.00
12-Apr-05					$	13,509,329.04		2.8500	%		12,833.86				0.00
13-Apr-05					$	13,509,329.04		2.8500	%		13,903.35				0.00
14-Apr-05					$	13,509,329.04		2.8500	%		14,972.84				0.00
15-Apr-05					$	13,509,329.04		2.8500	%		16,042.33				0.00
16-Apr-05					$	13,509,329.04		2.8500	%		17,111.82				0.00
17-Apr-05					$	13,509,329.04		2.8500	%		18,181.31				0.00
18-Apr-05					$	13,509,329.04		2.8500	%		19,250.79				0.00
19-Apr-05					$	13,509,329.04		2.8500	%		20,320.28				0.00
20-Apr-05					$	13,509,329.04		2.8500	%		21,389.77				0.00
21-Apr-05					$	13,509,329.04		2.8500	%		22,459.26				0.00
22-Apr-05		$	499,332.62		$	14,008,661.66		2.8500	%		23,568.28				0.00
23-Apr-05					$	14,008,661.66		2.8500	%		24,677.30				0.00
24-Apr-05					$	14,008,661.66		2.8500	%		25,786.32				0.00
25-Apr-05					$	14,008,661.66		2.8500	%		26,895.34				0.00
26-Apr-05					$	14,008,661.66		2.8500	%		28,004.35				0.00
27-Apr-05					$	14,008,661.66		2.8500	%		29,113.37				0.00
28-Apr-05		$	48,341.05		$	14,057,002.71		2.8500	%		30,226.22				0.00
29-Apr-05		$	106,975.27		$	14,163,977.98		2.8500	%		31,347.53				0.00
30-Apr-05		$	1,301,693.59		$	15,465,671.57		2.8500	%		32,571.90				0.00
30-Apr-05		$	32,571.90		$	15,498,243.47		Add interest to final balance							0.00
TOTAL		$	1,956,342.53												0.00