Summary: The Peoples Gas Light & Coke Co. Feb 13
- ID: 2417136
- February 2013
- Standard & Poors
Standard & Poor's Ratings Services' ratings on Peoples Gas Light & Coke Co. (PG) reflect its parent company Integrys Energy Group Inc.'s consolidated credit profile. PG distributes gas to about 826,000 gas customers in the city of Chicago. The Illinois Commerce Commission (ICC) regulates the company's distribution rates. The business risk profile of PG is "excellent", reflecting the lower risk gas distribution business and effective management of regulatory risk in Illinois, which is a jurisdiction that we generally view as less credit supportive according to our U.S. Utility Regulatory Assessments. We expect the company to continue to reduce its regulatory lag by frequent rate case filings, including its currently pending rate case, through which PG requested an increase of $102.7...
Companies mentioned in this report are:
- The Peoples Gas Light & Coke Co.
- Integrys Energy Group Inc.
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