Laclede Gas Files to Reduce Cost of Gas for the Winter Season

        Laclede Gas Files to Reduce Cost of Gas for the Winter Season

New rates reflect lowest cost in nine years

PR Newswire

ST. LOUIS, Nov. 1, 2012

ST. LOUIS, Nov. 1, 2012 /PRNewswire/ --Customers of Laclede Gas Company will
benefit from lower natural gas costs for the winter heating season (November
2012 through March 2013). Yesterday, Laclede Gas filed a request with the
Missouri Public Service Commission (MoPSC) to lower its rates by six percent
as a result of reduced natural gas costs. If approved, these rates will be
the lowest in nine years with customers paying an average of $0.54 per therm
for the natural gas portion of the bill.

"We are pleased to pass along any and all savings to our customers as we enter
the winter heating season," said Steve Lindsey, president of Laclede Gas.
"Customers will always be able to count on safe and reliable natural gas
service from Laclede, and they can also count on us to pass savings along when
the price of natural gas gets lower. Right now gas costs less than it has in
nearly a decade."

Pending approval by the MoPSC, if these lower rates remain in effect, the
proposed decrease is expected to save customers as a whole $44 million
annually. This means the average residential customer can expect to save
nearly $38 during the winter heating season, excluding the impact from
weather-related changes in usage.

The cost of natural gas accounts for nearly 60 percent of a typical
residential customer bill. The remaining 40 percent is made up of the
infrastructure, operating and maintenance costs Laclede Gas incurs to deliver
that gas safely and reliably to homes and businesses. To continue to provide
top-quality delivery and services, Laclede Gas intends to file a general rate
case this December - the first time in three years. This will not impact
customers during this winter's heating season. The general rate case
encompasses a review of all of the related investment, maintenance and
operation costs for the thousands of miles of natural gas pipelines and the
other services Laclede Gas provides for the delivery of natural gas around the
clock. Laclede Gas may also propose a slight change to its Infrastructure
System Replacement Surcharge at some point during the winter heating season to
recover costs associated with safety-related replacements and upgrades to its
distribution system.

ABOUT LACLEDE GAS
A subsidiary of The Laclede Group (NYSE: LG), Laclede Gas Company 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 625,000 natural gas customers in St. Louis and
surrounding counties in Eastern Missouri. For more information, please visit
www.LacledeGas.com.

SOURCE Laclede Gas

Website: http://www.LacledeGas.com
Contact: Jessica Willingham, +1-314-342-3300, jwillingham@lacledegas.com
 
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