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The Laclede Group and Energy Transfer Announce Early Termination of Hart-Scott-Rodino Review Period



     The Laclede Group and Energy Transfer Announce Early Termination of
                       Hart-Scott-Rodino Review Period

PR Newswire

ST. LOUIS and DALLAS, Jan. 24, 2013

ST. LOUIS and DALLAS, Jan. 24, 2013 /PRNewswire/ -- The Laclede Group, Inc.
(NYSE: LG) ("Laclede Group") and Energy Transfer Equity, L.P. (NYSE: ETE) and
Energy Transfer Partners, L.P. (NYSE: ETP) today  announced the early
termination on January 22 of the waiting period under the Hart-Scott-Rodino
Antitrust Improvements Act of 1976 ("HSR") in connection with the previously
announced transaction. The transactions include purchase and sale agreements
under which two wholly owned subsidiaries of Laclede Group will acquire the
assets of Missouri Gas Energy and New England Gas Company (collectively, the
"LDCs") from Southern Union Company, a jointly owned affiliate of ETE and ETP.

The early termination of the HSR review period satisfies a significant
regulatory condition to the consummation of the acquisitions.

The acquisitions of the LDCs are expected to be closed before the end of the
third quarter of calendar 2013, subject to the receipt of certain other
regulatory approvals. 

The Laclede Group, Inc. (NYSE: LG), headquartered in St. Louis, Missouri, is a
public utility holding company. Its subsidiary, Laclede Gas Company, the
regulated operations of which are included in the Regulated Gas Distribution
segment, serves approximately 630,000 residential, commercial and industrial
customers in St. Louis City and parts of 10 counties in eastern Missouri. The
Laclede Group's primary non-utility business, Laclede Energy Resources, Inc.,
included in the Non-Regulated Gas Marketing segment, provides non-regulated
natural gas services. The Laclede Group, Inc. is committed to pursuing growth
through 1) developing and investing in emerging technologies; 2) investing in
infrastructure; 3) acquiring businesses to which the Company can apply its
operating model, and 4) leveraging its current business unit competencies. For
more information about The Laclede Group and its subsidiaries, visit
www.TheLacledeGroup.com.

Energy Transfer Equity, L.P.  (NYSE:ETE) is a master limited partnership,
which owns the general partner and 100% of the incentive distribution rights
(IDRs) of Energy Transfer Partners, L.P. (NYSE:ETP) and approximately 50.2
million ETP limited partner units; and owns the general partner and 100% of
the IDRs of Regency Energy Partners LP (NYSE:RGP) and approximately 26.3
million RGP limited partner units. ETE also owns a non-controlling interest in
a corporation (ETP Holdco Corporation) that owns Southern Union Company and
Sunoco, Inc. The ETE family of companies owns approximately 69,000 miles of
natural gas, natural gas liquids, refined products, and crude pipelines. For
more information, visit the Energy Transfer Equity, L.P. website at
www.energytransfer.com.

Energy Transfer Partners, L.P. (NYSE:ETP) is a master limited partnership
owning and operating one of the largest and most diversified portfolios of
energy assets in the United States. ETP currently has natural gas operations
that include approximately 24,000 miles of gathering and transportation
pipelines, treating and processing assets, and storage facilities. ETP also
owns the general partner interests, 100% of the incentive distribution rights,
and a 32.4% limited partnership interest in Sunoco Logistics Partners L.P.
(NYSE:SXL), which operates a geographically diverse portfolio of crude oil and
refined products pipelines, terminalling and crude oil acquisition and
marketing assets. ETP also holds a 70% interest in Lone Star NGL, a joint
venture that owns and operates natural gas liquids storage, fractionation and
transportation assets in Texas, Louisiana and Mississippi. In addition, ETP
holds controlling interest in a corporation (ETP Holdco Corporation) that owns
Southern Union Company and Sunoco, Inc. ETP's general partner is owned by
Energy Transfer Equity, L.P. (NYSE:ETE). For more information, visit the
Energy Transfer Partners, L.P. website at www.energytransfer.com.

CAUTIONARY STATEMENTS ON FORWARD-LOOKING INFORMATION
This press release may include certain statements concerning expectations for
the future, including statements regarding the anticipated benefits and other
aspects of the transaction described above, that are forward-looking
statements as defined by federal law. Such forward-looking statements are
subject to a variety of known and unknown risks, uncertainties, and other
factors that are difficult to predict and many of which are beyond the control
of the management teams of ETE, ETP, Southern Union or Laclede. Among those is
the risk that the transactions described above may not be consummated or that
the anticipated benefits from the transactions cannot be fully realized. An
extensive list of factors that can affect future results are discussed in the
reports filed with the Securities and Exchange Commission by ETE, ETP,
Southern Union and Laclede. None of ETE, ETP, Southern Union or Laclede
undertakes any obligation to update or revise any forward-looking statement to
reflect new information or events.

SOURCE The Laclede Group, Inc.

Website: http://www.TheLacledeGroup.com
Website: http://www.energytransfer.com
Contact: For The Laclede Group, Investors, Scott W. Dudley Jr.,
+1-314-342-0878, sdudley@thelacledegroup.com, or Media, Jessica B. Willingham,
+1-314-342-3300, jwillingham@thelacledegroup.com; or For Energy Transfer
Equity, L.P., Energy Transfer Partners, L.P. and Southern Union Company,
Investors, Brent Ratliff, +1-214-981-0700, Brent.Ratliff@energytransfer.com,
or Media, Vicki Granado, +1-214-599-8785, vicki@granadopr.com
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