Subject: Peoples Gas - IL
From: [email-masked]
To: [email-masked], [email-masked], [email-masked]
Cc: [email-masked], [email-masked]
Date: Tue, 20 Nov 2001 13:08:43 -0800 (PST)

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.