Thanks for everyone for your comments. It helps make decision going forward on what to do. As some of you suggested, we will leave electrical service panel in the closet...there's no practical place to relocate it and it would prove entirely too costly. However, I believe it will be prudent to replace the service panel since it is a Federal Pacific LX112-24, 125 amps. I neglected to say originally that this panel created some angst for the insurance company, but they finally gave in after a licensed electrician wrote a letter stating that just about all of the 300 units in the condo complex had these service panels. One thing that does bother me is the circuit breaker feeding the air conditioner trips often. And I'm not sure I would trust trying to find a circuit breaker for the Fed Pac. We will follow the recommendations you made about repairing the outlets and wall switches with AlumiConns. Seems like a smart thing to do, since some of the devices look old and need replacing. Thanks again.