Hunton & Williams LLP advised the purchasers in connection with The Peoples Gas Light and Coke Company’s (Peoples Gas) issuance of $100 million aggregate principal amount of its First and Refunding Mortgage 3.77% Bonds, Series EEE due 2047, 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 844,000 customers in the Chicago, Illinois area with an approved rate base of approximately $1.9 billion, as of December 31, 2016. 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 Holding, Inc., which in turn is a wholly-owned subsidiary of WEC Energy Group, Inc.
The Hunton & Williams LLP team included Bud Ellis, Adam O’Brian and Patrick Jamieson.