Message-ID: <22119970.1075861712698.JavaMail.evans@thyme> Date: Tue, 20 Nov 2001 14:57:43 -0800 (PST) From: don.black@enron.com To: s..bradford@enron.com Subject: FW: Peoples Gas - IL Cc: john.lavorato@enron.com, louise.kitchen@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: john.lavorato@enron.com, louise.kitchen@enron.com X-From: Black, Don X-To: Bradford, William S. X-cc: Lavorato, John , Kitchen, Louise X-bcc: X-Folder: \JLAVORA (Non-Privileged)\Lavorato, John\Deleted Items X-Origin: Lavorato-J X-FileName: JLAVORA (Non-Privileged).pst FYI -----Original Message----- From: Kingerski, Harry Sent: Tuesday, November 20, 2001 3:09 PM To: Black, Don; Mihalik, Teresa; Des Champs, Joseph Cc: Steffes, James D.; Ogenyi, Gloria Subject: Peoples Gas - IL Peoples Gas has backed down from their request for a letter of credit to provide "Adequate Assurances of Payment", as stated in their tariff. They will continue to accept a parental guaranty, which is due no later than December 3 (and which Teresa says is being processed). The amount at issue is about $40k. However, they are sending me a letter that will say, if there is any further downgrade in our rating, they will immediately require a l/c or cash deposit.