RE: Con Ed of NY

Looks good to me. We will need to amend our outgoing gty by increasing the
amount from $10MM to $20MM and also expand gty coverage to cover all agmts
which are financially settled w/ ENA.

Ed Sacks

-----Original Message-----
From: Panus, Stephanie
Sent: Thursday, April 19, 2001 11:25 AM
To: Sacks, Edward
Cc: Shackleton, Sara
Subject: Con Ed of NY

Ed,

Please review the attached revised confirm for Con Ed. The revision is to
the Exposure Threshold/Credit Ratings on page 1 of Annex B-1. As ENA does
not have a credit rating above BBB+, we have inserted $20 mil. (the BBB+
threshold) for those ratings above BBB+.

Please contact either Sara or myself.

Thanks,
Stephanie

<< File: 153Aconf (Con Ed NY).doc <<

Sara - I spoke to Clement about the revised guaranty and have emailed him
clean and blacklined copies.