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Slide #15. Laclede Gas — Missouri Gas Energy
Laclede Gas (LG)
Missouri Gas Energy
The Missouri Public Service Commission (MoPSC) today approved the acquisition of Missouri Gas Energy (MGE) by Laclede Gas, a subsidiary of The Laclede Group, Inc. (NYSE: LG), from Southern Union Company. The approval is effective July 31, 2013, and permits closing on the transaction on or after September 1, 2013. Further, Laclede Gas is authorized to complete the financing necessary to support the acquisition.
Laclede Group is a public utility holding company. Co. has two business segments: Gas Utility and Gas Marketing. The Gas Utility segment includes the regulated operations of Laclede Gas Company, which is a natural gas distribution utility in Missouri; and Alabama Gas Corporation, which is a public utility in central and north Alabama. The Gas Marketing segment includes Laclede Energy Resources, Inc., which is engaged in the marketing of natural gas and related activities on a non-regulated basis. Co. is also engaged in compression of natural gas, oil production, real estate development, risk management, and financial investments in other enterprises, among other activities.
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