Circuit panel removal

So part of the requirements to keep my homeowner's insurance after moving into the home was to remove the old Federal Pacific Electric Circuit panel. It appears that despite being a popular company a few decades back they are now looked at as a fire hazard. Two sources of more info on these panels: http://ismypanelsafe.com/fpe.aspx and http://www.inspectapedia.com/fpe/fpepanel.htm. Here's the old panel:

As you can see it was quite mess, looks like random things were added or removed throughout it's service. You can even see a doorbell transformer in there, needless to say that should not be mounted in a circuit panel, let alone be just put in hanging from the wires!

At least they used proper clamps to hold the wires.

 Some of the old wiring that's original to the home, it runs to all the light fixtures and the outlets upstairs.

 You can see how the old insulation was brittle and frayed in some spots.

 Luckily this wire was long enough I could cut off the dmaaged part in the new box.

Here's where the aluminum service wires enter the main breaker. Both carry 120 volts but at a different phase so when you run both to an appliance you get 240 volts for the heavy duty appliances like the stove, dryer and A/C unit.

No more power! Good thing it was a cool day.