Laclede Gas image

Main Navigation

Laclede Gas

Utility Navigation

Where am I?

News Releases

Media Line: if you're a member of the media and would like to speak with us regarding a news story, please call us at 314-342-3300.

Laclede Gas seeks to recover increased distribution costs.

February 18, 2005

ST. LOUIS, MO, February 18, 2005 — Laclede Gas Company, a subsidiary of The Laclede Group (NYSE: LG), today filed tariffs with the Missouri Public Service Commission requesting an increase in its rates to reflect increased costs the company incurs to operate and maintain its 15,000-mile distribution and storage system through which it distributes natural gas to its 630,000 customers.

Laclede last received such a general rate increase in 2002. Today’s proposal will have no impact on customers this winter as the Commission will conduct a review of the filing that may take as long as eleven months.

If approved, the proposed new rates would result in an increase in gas bills for a typical residential heating customer of about $4.00 per month. The new rates would apply throughout the Laclede Gas system, including its southeastern operating division known as Missouri Natural Gas.

Missouri law calls for rates to be established that reflect the utility’s cost of providing safe, reliable service to its customers while providing a reasonable rate of return to the company’s investors.

The proposed new rates would generate additional new annual revenues to the Company of $34.0 million. Although the Company’s filing requests an increase of $39.0 million, $5.0 million of that amount already is being paid by customers through the current Infrastructure System Replacement Surcharge, which would no longer be collected upon approval of the Company’s rate request.

Laclede Gas is Missouri’s largest natural gas distribution company, serving customers in St. Louis and surrounding counties in Eastern Missouri.

« Back to News | Back to the top

Go back to main content | Go back to main navigation

Footer Navigation

Footer Utility Navigation

Copyright © Laclede Gas Company      All rights reserved.

Go back to main content Go back to main navigation