United States Bankruptcy Court District of Maryland In re PG&E National Energy Group, Inc. Case No. Debtor Chapter 11 LIST OF CREDITORS HOLDING 30 LARGEST UNSECURED CLAIMS Following is the list of the debtor s creditors holding the 30 largest unsecured claims. The list is prepared in accordance with Fed. R. Bankr. P. 1007(d) for filing in this chapter 11 [or chapter 9] case. The list does not include (1) persons who come within the definition of "insider" set forth in 11 U.S.C. 101(30), or (2) secured creditors unless the value of the collateral is such that the unsecured deficiency places the creditor among the holders of the 30 largest unsecured claims. Name of creditor and complete mailing address, including zip code 1. Wilmington Trust Company as Indenture Trustee Name, telephone number and complete mailing address, including zip code, of employee, agent, or department of creditor familiar with claim who may be contacted 1100 North Market Street Wilmington, DE 19890 Attn: Steve Cimalore Tel: 302-636-6058 Fax: 302-636-4143 2. JP Morgan Chase JP Morgan Chase 270 Park Avenue New York, NY 10017 Attn: Agnes L. Levy, Managing Director Tel: 212-270-0420 Fax: 917-464-8909 3. Citibank, N.A. Citigroup 388 Greenwich Street New York, NY 10013 Attn: Greg Frenzel, Director Tel: 212-723-3106 Fax: 212-723-3964 4. Societe Generale Societe Generale 1221 Avenue of the Americas New York, NY 10020 Attn: Nina Ross, Director, Asset Recovery Management Tel: 212-278-7024 Fax: 212-278-6460 5. Cogentrix Caledonia Generating, LLC 9405 Arrowpoint Boulevard Charlotte, NC 28273 Attn: President Copy: General Counsel Tel: 704-525-3800 Fax: 704-529-1006 6. Citibank, N.A. Citigroup 388 Greenwich Street New York, NY 10013 Attn: Greg Frenzel, Director Tel: 212-723-3106 Fax: 212-723-3964 7. Societe Generale Societe Generale 1221 Avenue of the Americas New York, NY 10020 Attn: Nina Ross, Director, Asset Recovery Management Tel: 212-278-7024 Fax: 212-278-6460 Nature of claim (trade debt, bank loan, government contract, etc.) Indenture (10.375% Senior Notes due May 16, 2011) Indicate if claim is contingent, unliquidated, disputed, or subject to setoff Amount of claim [if secured, also state value of security] 1,108,147,876 Revolving Credit Facility 660,488,071 (La Paloma) (GenHoldings) (Caledonia) (Lake Road) (PG&E NEG Construction Company LLC) 379,057,054 354,720,386 250,000,000* 235,329,585 205,000,000

In re PG&E National Energy Group, Inc. Case No. Debtor(s) LIST OF CREDITORS HOLDING 30 LARGEST UNSECURED CLAIMS (Continuation Sheet) 8. Southaven Power, LLC Southaven Power, LLC 9405 Arrowpoint Boulevard Charlotte, NC 28273 Attn: General Counsel Tel: 704-525-3800 Fax: 704-529-1006 9. Orion (Reliant) Liberty Electric Power, LLC 133880 Dulles Corner Lane Herndon, VA 20171-4600 Attn: Vice President and General Counsel Tel: 703-561-6788 Fax: 703-561-7303 10. JP Morgan Chase JP Morgan Chase 270 Park Avenue New York, NY 10017 Attn: Agnes L. Levy, Managing Director Tel: 212-270-0420 Fax: 917-464-8909 11. General Electric Company General Electric Company 1 River Road Schenectady, NY 12345 Attn: Dan Rowley, General Counsel Tel.: 518-385-1407 Fax: 518-385-9051 (Southaven) (Liberty) (ETH Facility One) (PG&E NEG Construction Company, LLC) 175,000,000* 150,000,000* 25,162,000 22,721,300 CONTINGENT LIABILITIES: 12. Mitsubishi Heavy Industries Mitsubishi Heavy Industries, Ltd. Mitsubishi Heavy Industries America, Inc. 610 Crescent Executive Court Lake Mary, FL 32746 Attn: General Counsel Fax: 321-397-9674 (PG&E NEG Construction Company, LLC) Disputed 75,000,000* Headquarters: 100 Colonial Center Parkway Lake Mary, FL 32746 Tel: 407-688-6100 Fax: 407-688-6481 13. TXU Energy Trading Company 1717 Main Street Suite 2000 Dallas, TX 75201 Attn: Credit Department Tel: 214-875-9000 14. New York Independent System Operator 15. Aquila Energy Marketing Corporation 16. Duke Energy Trading & Marketing, LLC Fax: 214-875-9064 5172 Western Turnpike Altamont, NY 12009 Attn: Ray Salter Tel: 518-356-6060 Fax: 518-356-6146 1100 Walnut Street, Suite 3300 Kansas City, MO 64106 Attn: Vice President, Credit Risk Management Tel: 816-527-1000 Fax: 816-467-8257 5400 Westheimer Court Houston, TX 77056 Attn: Credit Manager Tel: 713-627-5400 Fax: 713-627-4849 65,000,000* 50,000,000* 40,000,000* 40,000,000*

In re PG&E National Energy Group, Inc. Case No. Debtor(s) LIST OF CREDITORS HOLDING 30 LARGEST UNSECURED CLAIMS (Continuation Sheet) 17. Tractebel Energy Marketing, Inc. 1177 West Loop South Suite 800 Houston, TX 77027 Attn: Director of Credit Tel: 713-552-2501 Fax: 713-548-5153 18. TXU Electric Company 1717 Main Street Suite 2000 Dallas, TX 75201 Attn: Craig Gilchrist Tel: 214-875-9000 Fax: 214-875-9050 19. Allegheny Energy Supply Company, LLC 4350 Northern Pike Monroeville, PA 15146-2841 Attn: Contract Administration Tel: 412-858-1600 Fax: 412-856-2913 20. Citibank, N.A. Citigroup 388 Greenwich Street New York, NY 10013 Attn: Greg Frenzel, Director Tel: 212-723-3106 Fax: 212-723-3964 21. Citibank, N.A. Citigroup 388 Greenwich Street New York, NY 10013 Attn: Greg Frenzel, Director Tel: 212-723-3106 Fax: 212-723-3964 22. Duke Energy Trading & Marketing, L.L.C. Duke Energy Trading & Marketing LLC 10777 Westheimer Suite 650 Houston, TX 77042 Attn: Controller Fax: 713-260-1825 23. Exelon Energy Company Exelon Energy Company Attn: Vice-President 2315 Enterprise Drive Westchester, IL 60154 Fax: 708 236-7903 24. Massey Coal Sales Company, Inc. Massey Coal Sales Company, Inc. Attn: President 4 North Fourth Street Richmond, VA 23219 Fax: 804-788-1811 25. Pinnacle West Capital Corporation Pinnacle West Arizona Public Service Company ATTN: Credit Department 400 North Fifth Street Mail Station 9855 Phoenix, AZ 85004 COPY: APS Law Department Mail Station 9820 Fax: 602-250-3393 26. ConocoPhillips Company ConocoPhillips Company Adams Tower 403 Cheyenne Tulsa, Oklahoma 74104 Fax: 281-293-5880 Guarantee Obligaton Guarantee Obligaton 40,000,000* 32,500,000* 25,000,000* 25,000,000* 25,000,000* 24,000,000* 20,000,000* 20,000,000* 20,000,000* 15,000,000*

In re PG&E National Energy Group, Inc. Case No. Debtor(s) LIST OF CREDITORS HOLDING 30 LARGEST UNSECURED CLAIMS (Continuation Sheet) 27. Coral Energy Resources, L.P. Coral Energy Holding, L.P. 909 Fannin, Suite 700 Houston, Texas 77010 Fax: 713-265-3843 28. ISO New England ISO New England One Sullivan Road Holyoke, Massachusetts 1040 Fax: 413-535-4204 29. Societe Generale Societe Generale 1221 Avenue of the Americas 11th Floor New York, NY 10020 Attn: Robert Preminger Fax: 212-278-5703 Tel: 212-278-6136/6148 30. Tennessee Valley Authority Tennessee Valley Authority 400 West Summit Hill Drive Knoxville, Tennessee 37914-1499 Fax: 865-632-3212 *Maximum potential liability. Any actual amount owed may be significantly lower. Guarantee Obligaton Guarantee Obligaton Guarantee Obligaton (Millennium) Guarantee Obligaton 15,000,000* 15,000,000* 15,000,000* 15,000,000* Penalty for making false statement or concealing property: Fine of up to $500,000 or imprisonment for up to 5 years or both. 18 U.S.C. 152 and 3571. 1501893v2