Re: Puget Sound Energy, Inc.

We will need to update this ISDA on our new, revised, fantastic format!!!
I'll have to find out who to send it to. SS
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 01/28/2000
04:39 PM ---------------------------
To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: Re: Puget Sound Energy, Inc.

The original credit is fine. Pugent is still rated BBB+.

Sara Shackleton
01/28/2000 04:23 PM
To: Rod Nelson/HOU/ECT@ECT
cc: Tanya Rohauer/HOU/ECT@ECT
Subject: Puget Sound Energy, Inc.

Holly Krebbs just did a deal with these guys (short form) but they want to
negotiate an ISDA. We need to send an updated form to them. Will there be
any credit changes?