Peoples Energy to Host Earnings Conference Call CHICAGO, Jan. 21 /PRNewswire-FirstCall/ -- Peoples Energy (NYSE:PGL) will hold a conference call to discuss financial results for the first quarter of fiscal year 2005 on Friday, January 28 at 9:00 a.m. Central (10:00 a.m. Eastern). The conference call will be held after the release of the Company's first quarter results on January 28, before the market opens. WHO: Peoples Energy WHAT: Earnings Conference Call WHEN: Friday, January 28 at 9:00 a.m. Central (10:00 a.m. Eastern) HOW: To listen to the webcast live or in replay visit the "Investors" section of the Peoples Energy website at http://www.peoplesenergy.com/ and select the "Live Webcast" icon on the Corporate Overview page. A replay of the call can also be accessed by dialing 1-800-642-1687, reference number 2990791. The telephone replay will be available approximately two hours after completion of the call through February 1, 2005. The webcast replay will be available through January 2006. Peoples Energy, a member of the S&P 500, is a diversified energy company comprised of five primary business segments: Gas Distribution, Oil and Gas Production, Power Generation, Midstream Services, and Retail Energy Services. The Gas Distribution business serves about 1 million retail customers in Chicago and northeastern Illinois. Visit the Peoples Energy web site at http://www.peoplesenergy.com/ . DATASOURCE: Peoples Energy CONTACT: Media, Elizabeth Castro, +1-312-240-4567, or Investor Relations, Jim Chiti, +1-312-240-4730, both of Peoples Energy Web site: http://www.peoplesenergy.com/

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