Laclede Buys Gas Utility, Expands Missouri Reach

The Laclede Group Inc. plans to acquire the assets of Southern Union Co.’s Missouri Gas Energy and New England Gas Co. divisions for nearly $1.04 billion, which will double the St. Louis company’s customer base to nearly 1.2 million.

The purchase of Kansas City-based Missouri Gas Energy means Laclede now serves natural gas customers in Missouri’s two largest metro areas. The MGE and NEG divisions had combined annual revenue of about $517 million and serve over 500,000 customers in western Missouri and over 50,000 in Massachusetts.

Read more in the St. Louis Business Journal

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