Laclede Gas

Laclede Gas
4:29 pm
Mon April 7, 2014

Laclede Expands Into Alabama

Credit (Filckr/Timothy Vollmer)

Laclede Group has acquired another natural gas utility, this one outside Missouri.

The company announced Monday it will buy the Alabama Gas Corporation, known as Alagasco, from Energen Corp. for $1.6 billion.

Energen had been seeking a buyer since early this year.

Laclede Group President and CEO Suzanne Sitherwood said the effective cost would drop to $1.34 billion after taking tax benefits of about $260 million dollars into account. The acquisition is also expected to generate net revenues in the first year.

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Laclede Gas TIF
4:25 pm
Fri December 13, 2013

Laclede Gas Incentives Get Final Approval

Thanks to a $7 million package of tax incentives, the General American Building will be the new headquarters of Laclede Gas.
(via Wikiemdia Commons/Nyttend)

The St. Louis Board of Aldermen has approved a $7 million package of tax incentives for renovations to the new downtown headquarters of Laclede Gas.

The measure easily cleared the board today by a vote of 23-2. The incentives will help the developer replace windows and heating and cooling systems, and make other upgrades to the General American Building at 706 Market.

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Laclede Gas
1:17 pm
Wed November 20, 2013

Laclede Gas Gets Tax Help To Move

(via Flickr/Fergus Randall)

Updated at 5:15 p.m. with comments from the committee hearing.

The Housing, Urban Development and Zoning committee of the St. Louis Board of Aldermen has approved $7 million in tax incentives to redo the General American Building at 706 Market as the new headquarters for Laclede Gas. 

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Business
12:21 pm
Wed October 30, 2013

Tax Help Approved For Laclede Gas Move

Citizens in opposition to the $8 million TIF held signs.
Maria Altman

The St. Louis Tax Increment Financing Commission voted in favor of an $8 million tax incentive Wednesday to redevelop a downtown building that Laclede Gas may occupy.

The Koman Group---which is seeking the TIF---plans to rehab the building at 706 Market St. for an estimated $46 million.

Laclede officials have indicated they would like to move from their current headquarters at 720 Olive St. to the building just a couple of blocks away.

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Business
3:58 pm
Mon October 28, 2013

Laclede Gas Should Move Without Tax Help, Protesters Say

MORE protests outside Laclede Gas headquarters on Monday.
Maria Altman

An advocacy organization is protesting the request for Tax Increment Financing as Laclede Gas plans to move down the street. 

Missourians Organizing for Reform and Empowerment, or MORE, held signs outside of Laclede Gas’ headquarters Monday.

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