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Laclede Gas

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About Laclede Gas

In the "Show Me" state, The Laclede Group is saying, "Show me the money." The group's main revenue source is utility Laclede Gas, which distributes natural gas to approximately 630,000 customers in eastern Missouri, including St. Louis. Laclede Group's nonregulated businesses provide gas transportation and other services and operate underground gas – more... storage fields. Operations include wholesale gas marketing (Laclede Energy Resources), a propane pipeline (Laclede Pipeline), insurance (Laclede Gas Family Services), real estate development ( Laclede Development), and natural gas compression services (Laclede Venture).

Laclede Group's business model balances providing regulated gas service with developing non-regulated but largely complementary operations to sustain business growth.

Growing its distribution assets, in 2012 the company made a deal with Southern Union Company, an affiliate of Energy Transfer Equity, and Energy Transfer Partners, to buy its Missouri Gas Energy and New England Gas Company divisions for more than $1 billion.

In 2010 Laclede Gas bought natural gas from 30 different suppliers (up from 26 in 2009) in order to meet its gas sales and natural gas storage commitments.

The company reported a drop in overall revenue in 2010 due to lower gas prices and warmer-than-usual winter weather suppressing customer demand in its regulated gas segment. The decrease was mitigated by a boost in revenues in the nonregulated gas marketing segment due primarily to higher volumes sold, and by a propane transaction in the wholesale market.

In 2008, in order to generate cash to invest in its core businesses, Laclede Group sold its SM&P Utility Resources unit (an underground facility locating and marking service business) to Stripe Acquisition for $85 million.

Laclede Gas dates back to 1852, and in 1896 was one of the 12 companies listed in the original Dow. The Laclede Group, as the holding company for both regulated and deregulated businesses, was formed in 2001. – less

Laclede Gas Employer Reviews

Employee (Current Employee), St. Louis, MOSeptember 23, 2014
Budget Analyst (Former Employee), Kansas City, MOJuly 17, 2014
Supervisor (Current Employee), St. Louis, MOFebruary 4, 2013
Leak Gas Man / Laborer (Former Employee), St. Louis, MOOctober 18, 2012