The Peoples Gas Light and Coke Company Private Placement of $200 million of Mortgage Bonds
Hunton & Williams LLP advised the purchasers in connection with The Peoples Gas Light and Coke Company’s (Peoples Gas) issuance of $50 million aggregate principal amount of its First and Refunding Mortgage 3.65% Bonds, Series CCC due 2046 and $150 million aggregate principal amount of its First and Refunding 3.65% Bonds, Series DDD due 2046, each in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended.
Peoples Gas is a regulated natural gas utility serving approximately 833,000 customers in the Chicago, Illinois area with an approved rate base of over $1.8 billion, as of December 31, 2015. Peoples Gas utilizes its storage and pipeline supply assets as a natural gas hub, providing wholesale transportation and storage services in interstate commerce. Peoples Gas is a wholly-owned subsidiary of Peoples Energy, LLC, which is a wholly-owned subsidiary of Integrys, which in turn is a wholly-owned subsidiary of WEC Energy Group, Inc.
The Hunton & Williams LLP team included Bud Ellis, Steve Friend, Adam O’Brian and Patrick Jamieson.
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