fw : peoples gas - il 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 $ 40 k .
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 .
fw : peoples gas - il
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 $ 40 k .
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 .