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.

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 <NUMBER> (and which Teresa says is being processed).
The amount at issue is about <CUR>00k.
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.
credit provide adequate downgrade rating immediately december number teresa peoples parental guaranty processed issue cur 00k sending letter stated tariff continue cash deposit gas backed request