Laclede Gas Co. wouldn’t raise natural gas delivery rates for customers in the St. Louis area for at least two years as part of an agreement submitted this week to help the utility win approval of its $975 million purchase of Missouri Gas Energy.
Missouri Gas Energy is the centerpiece of a $1.04 billion deal St. Louis-based Laclede agreed to in December. It would produce the fourth-largest gas distribution utility in the nation and almost double Laclede’s customer base in Missouri
The agreement, which is pending approval of the state’s Public Service Commission, doesn’t mean gas bills won’t rise during the next two years. Laclede would still be allowed to pass through other charges and costs.