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Laclede Gas Budget Billing Customers to See Lower Bills

January 09, 2009

Most customers who are enrolled in Laclede Gas Company’s Budget Billing program will pay an average of 13 percent less than they currently are paying. Laclede Gas Company announced today its budget billing customers will benefit as the effect of continuing lower wholesale natural gas prices are factored into Laclede’s normal January review of the program. This latest change follows the special review of customer budget bill amounts in November 2008 that was made in concert with the rate reduction the Company implemented at that time for all customers to reflect reduced wholesale natural gas prices.

The typical Budget Billing customer will pay about $97 per month compared to the previous average of $112 per month. Budget plan amounts are based on individual customer usage characteristics, and as a result, some customers may not experience a decrease. Approximately 143,000 Laclede Gas customers are enrolled in Budget Billing, which is designed to spread a customer’s gas bill evenly throughout the year. The new plan amounts will remain in place until the next scheduled review in July 2009.

For more information about Budget Billing, visit www.lacledegas.com/bill/pay.

Laclede Gas Company, a subsidiary of The Laclede Group (NYSE: LG), has provided safe and reliable service to the residents of the St. Louis metropolitan area for more than 150 years. It is the largest gas distribution company in Missouri, serving more than 630,000 natural gas customers in St. Louis and surrounding counties in Eastern Missouri.

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