Enron Mail

From: d..steffes@enron.com To: harry.kingerski@enron.com, gloria.ogenyi@enron.com Subject: RE: Peoples Gas - IL Cc: Bcc: Date: Tue, 20 Nov 2001 13:25:32 -0800 (PST) Gloria -- We need to keep this type of information in our matrix on Recent Contact. Jim -----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.