Sara,
 Itrust Ed's opinion on this one!

 -----Original Message-----
From: 	Sacks, Edward  
Sent:	Wednesday, October 17, 2001 5:37 PM
To:	Vanek, Darren; Conwell, Wendy; Ngo, Tracy
Subject:	RE: Exelon Generation Company, LLC

The "reg out" is not applicable for these guys.  Its generally used on municipal cps.

-e

 -----Original Message-----
From: 	Vanek, Darren  
Sent:	Wednesday, October 17, 2001 5:21 PM
To:	Conwell, Wendy; Sacks, Edward; Ngo, Tracy
Subject:	FW: Exelon Generation Company, LLC


Any input guys? I am unfamiliar with a "regulatory out" provision.

-d
 -----Original Message-----
From: 	Shackleton, Sara  
Sent:	Wednesday, October 17, 2001 5:16 PM
To:	Vanek, Darren
Cc:	Panus, Stephanie
Subject:	Exelon Generation Company, LLC

Darren:
I've just reviewed this credit worksheet for a first draft ISDA.  Is this the type of counterparty for which a "regulatory out" MAC provision is appropriate?  I am not familiar with Exelon's business.  I know this event was used in some of Tracy's ISDA's with northwest utilities.
Sara

Sara Shackleton
Enron Wholesale Services
1400 Smith Street, EB3801a
Houston, TX  77002
Ph:  (713) 853-5620
Fax: (713) 646-3490