Missouri Gas Energy http://news.stlpublicradio.org en Laclede Expands Into Alabama http://news.stlpublicradio.org/post/laclede-expands-alabama <p>Laclede Group has acquired another natural gas utility, this one outside Missouri.</p><p><span style="line-height: 1.5;">The company announced Monday it will buy the Alabama Gas Corporation, known as </span>Alagasco<span style="line-height: 1.5;">, from </span><span style="line-height: 1.5;">Energen</span><span style="line-height: 1.5;"> Corp. for $1.6 billion.</span></p><p><span style="line-height: 1.5;">Energen had been seeking a buyer since early this year.</span></p> Mon, 07 Apr 2014 21:29:50 +0000 Maria Altman 35104 at http://news.stlpublicradio.org Laclede Expands Into Alabama Laclede Gas Completes Purchase Of Mo. Gas Energy http://news.stlpublicradio.org/post/laclede-gas-completes-purchase-mo-gas-energy <p>Laclede&nbsp;Gas Co. says it has finalized a $975 million deal to buy Missouri Gas Energy.</p><p><span style="line-height: 1.5;">Laclede announced Tuesday that the purchase has been completed. The deal combines Missouri's two largest natural gas companies under one entity that will serve more than 1.1 million customers across the state.</span></p> Tue, 03 Sep 2013 21:06:58 +0000 The Associated Press 29610 at http://news.stlpublicradio.org Laclede Gas Completes Purchase Of Mo. Gas Energy Mo. Regulators Approve Laclede Gas Purchase Of MGE http://news.stlpublicradio.org/post/mo-regulators-approve-laclede-gas-purchase-mge <div><p>The Missouri Public Service Commission has given the go-ahead for St. Louis-based Laclede Gas to purchase Missouri Gas Energy.</p><p>Commission members placed a major condition on the purchase – Laclede Gas is barred from seeking a rate increase in its current service area until October of 2015.&nbsp;&nbsp;Laclede spokeswoman Jessica Willingham says, though, they would&nbsp;be allowed to seek an increase in the areas currently served by Missouri Gas once the purchase becomes official.</p> Wed, 17 Jul 2013 20:40:28 +0000 Marshall Griffin & The Associated Press 28321 at http://news.stlpublicradio.org Mo. Regulators Approve Laclede Gas Purchase Of MGE Laclede Customer Base To Double Under Southern Union Deal http://news.stlpublicradio.org/post/laclede-customer-base-double-under-southern-union-deal <p>St. Louis-based Laclede Group Inc. will buy two of Houston-based Southern Union Co.'s utilities, Missouri Gas Energy and New England Gas Co., for $1.02 billion.</p><p>Energy Transfer Equity's takeover of pipeline operator Southern Union Co closed early this year.</p><p>The deal announced Monday also includes the assumption of about $20 million in debt, so the companies value it at nearly $1.04 billion.</p><p>Laclede, a utility holding company, expects the deal to close next summer, and start to boost earnings a year after that.</p> Mon, 17 Dec 2012 15:54:11 +0000 The Associated Press 7439 at http://news.stlpublicradio.org Laclede Customer Base To Double Under Southern Union Deal