Laclede Gas Company

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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Business
4:06 pm
Tue September 3, 2013

Laclede Gas Completes Purchase Of Mo. Gas Energy

(via Flickr/Fergus Randall)

Laclede Gas Co. says it has finalized a $975 million deal to buy Missouri Gas Energy.

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.

St. Louis-based Laclede had served about 630,000 customers in St. Louis and 10 eastern Missouri counties.  Missouri Gas Energy had served about 500,000 customers in about 30 western and central Missouri counties, including the Kansas City, St. Joseph and Joplin areas.

Laclede Gas
3:40 pm
Wed July 17, 2013

Mo. Regulators Approve Laclede Gas Purchase Of MGE

(via Flickr/Fergus Randall)

The Missouri Public Service Commission has given the go-ahead for St. Louis-based Laclede Gas to purchase Missouri Gas Energy.

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.  Laclede spokeswoman Jessica Willingham says, though, they would be allowed to seek an increase in the areas currently served by Missouri Gas once the purchase becomes official.

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Natural Gas
4:11 pm
Thu June 6, 2013

Lambert Upgrading Vehicle Fleet To Run On Natural Gas

Groundbreaking for a new CNG station at Lambert Airport.
Chris McDaniel, St. Louis Public Radio.

Lambert St. Louis Airport is upgrading the way it fuels its fleet of vehicles. Monday the Laclede Group and Siemens held a groundbreaking for a new natural gas fueling station at the airport.

The station will serve 160 fleet vehicles that run on compressed natural gas - a fuel that's considerably cheaper than gasoline.

Laclede Group CEO Suzanne Sitherwood says the station will also be available for the public to use.

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Business
9:54 am
Mon December 17, 2012

Laclede Customer Base To Double Under Southern Union Deal

(via Flickr/Fergus Randall)

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.

Energy Transfer Equity's takeover of pipeline operator Southern Union Co closed early this year.

The deal announced Monday also includes the assumption of about $20 million in debt, so the companies value it at nearly $1.04 billion.

Laclede, a utility holding company, expects the deal to close next summer, and start to boost earnings a year after that.

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Laclede Gas Co.
1:09 pm
Tue February 8, 2011

PSC says Laclede Gas violated records agreement

(via Flickr/Fergus Randall)

The Missouri Public Service Commission will take Laclede Gas Co. to court in a dispute over records of gas

purchases made by one of the utility's affiliates.

The commission's staff has been trying for three years to obtain information on gas transactions made by Laclede Energy Resources, a gas marketing company not regulated by the state.

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