Peoples Energy elects new board member

CHICAGO, March 5, 2003 — Peoples Energy announced that its shareholders have elected Michael E. Lavin to the company’s board, effective immediately.

“We are very pleased that Mike Lavin has joined our board,” said Thomas M. Patrick, chairman, president and CEO of Peoples Energy. “His experience and knowledge in accounting and auditing will strengthen an already outstanding group of business, academic and civic leaders. This election reinforces Peoples Energy’s commitment to upholding the highest accounting standards and practices.”

A 35-year veteran of KPMG, a global accounting and consulting firm, Lavin retired as its Midwest Area Managing Partner in January 2003, a position he had held for the past nine years. He is a member of the American Institute of Certified Public Accountants and the Illinois CPA Society.

In addition to his professional memberships, Lavin has served in leadership roles for a number of charitable, civic, cultural and human welfare organizations throughout Chicago. These include the Chicagoland Chamber of Commerce, the Chicago Council on Foreign Relations, the Chicago Opera Theatre, the Jewish Federation of Metropolitan Chicago, the Museum of Science and Industry and the United Way of Chicago.

Lavin and his wife live in Highland Park, Ill.; they have three daughters.

Peoples Energy, a member of the S&P 500, is a diversified energy company comprised of five primary business segments: Gas Distribution, Power Generation, Midstream Services, Retail Energy Services, and Oil and Gas Production. The Gas Distribution business serves about 1 million retail customers in Chicago and northeastern Illinois. Visit the Peoples Energy web site at PeoplesEnergy.com .

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