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The Laclede Group Announces Close of Agreement with Algonquin Power & Utilities Corp.

    The Laclede Group Announces Close of Agreement with Algonquin Power &
                               Utilities Corp.

PR Newswire

ST. LOUIS, Dec. 20, 2013

ST. LOUIS, Dec. 20, 2013 /PRNewswire/ --The Laclede Group, Inc. (NYSE: LG)
today closed on its agreements with Algonquin Power & Utilities Corp. (APUC)
which enabled an APUC subsidiary to purchase the assets of New England Gas
Company (NEG) directly from Southern Union Company, a wholly owned indirect
subsidiary of Energy Transfer Partners, L.P. Pursuant to the closing, The
Laclede Group received $11.0 million consistent with the agreements originally
announced February 11, 2013.

The Massachusetts Department of Public Utilities approved the transfer of NEG
to an APUC subsidiary on December 13, 2013. NEG is a natural gas utility
serving 53,000 customers in Massachusetts.

ABOUT THE LACLEDE GROUP
The Laclede Group, Inc. (NYSE: LG), headquartered in St. Louis, Missouri, is a
public utility holding company. The Gas Utility segment serves St. Louis and
eastern Missouri through Laclede Gas and serves Kansas City and western
Missouri through Missouri Gas Energy. Together they provide more than 1.13
million residential, commercial and industrial customers with safe and
reliable natural gas service. Laclede's primary non-utility business, Laclede
Energy Resources, Inc., included in the Gas Marketing segment, provides
non-regulated natural gas services. Laclede Group 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 Laclede and its subsidiaries, visit
www.TheLacledeGroup.com.

CAUTIONARY STATEMENTS ON FORWARD-LOOKING INFORMATION
This news 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 Laclede or APUC. 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 Laclede. Laclede does not undertake
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
Contact: Investor Contact: Scott W. Dudley Jr., 314-342-0878,
Scott.Dudley@TheLacledeGroup.com, or Media Contact: Jessica B. Willingham,
314-342-3300, Jessica.Willingham@TheLacledeGroup.com