RE: ConEd Regulated T&D Rate Swap Meeting

Just Morgan Stanley requiring tighter credit terms so far.

-----Original Message-----
From: Herndon, Rogers
Sent: Thursday, October 25, 2001 10:14 AM
To: Presto, Kevin M.
Subject: ConEd Regulated T&D Rate Swap Meeting

Kevin -

FYI. Yesterday am ConEd abruptly cancelled the meeting we had with them to discuss this strategy. They had been anxious to discuss this concept. My guess is that the recent events led them to back off a little.

Any new developments up there re: trading partners?

RH