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Report 2024

Peoples Gas: Escalating Business Risk in a Changing Energy Landscape

An analysis of how pipeline replacement spending and customer departures could affect Peoples Gas’s delivery costs and financial outlook.

Dorie Seavey, Michael Bloomberg

Citizens Utility Board and Groundwork Data

Conor Lyman (Modeling and analysis); Michael J. Walsh (Technical advisor)

Maps of Chicago air-quality and health indicators and environmental justice indicators, with their original legends.Expand figure
Maps of Chicago air-quality and health indicators and environmental justice indicators, with their original legends.

Peoples Gas, Figures 3.11–3.12: Chicago air-quality/health (2020) and environmental justice (2023) indices. Maps sourced in the report to the City of Chicago.

Open original image
Peoples Gas, Figures 3.11–3.12: Chicago air-quality/health (2020) and environmental justice (2023) indices. Maps sourced in the report to the City of Chicago.

This October 2024 report examines Peoples Gas’s pipeline replacement program, regulatory history, and exposure to competition from electric technologies. It models the delivery costs associated with different levels of infrastructure spending and customer departures.

The report finds that cutting spending could ease cost pressure but would not remove the risks of a shrinking customer base. It considers what those risks mean for customers, the utility, and its investors.