Spire counters regulators’ report, says Laclede Gas rates haven’t increased

The parent company of Laclede Gas has fired back at a critical report from state regulators, accusing them of inaccurately summarizing their findings.

St. Louis-based Spire Inc., formerly known as the Laclede Group, filed its rebuttal Tuesday to a Missouri Public Service Commission staff report released last week that indicated Spire’s $1.6 billion purchase of utility Alagasco two years ago has increased rates for Laclede Gas customers.

Spire argues some of the report’s summary language conflicts with PSC staff’s findings buried within the body of the 77-page investigation. That misled customers of its two Missouri utilities, Laclede and Missouri Gas Energy, Spire says.

The report was part of an investigation focused on determining whether Missouri regulators have jurisdiction over Spire’s pending purchase of small utilities in Mississippi and Alabama. PSC Chairman Daniel Hall emphasized Wednesday that the report was investigatory and that staff has indicated it will file complaints over Spire’s failure to seek approval for its purchases.

Read more: St. Louis Post-Dispatch

Tags:, , , , , , ,

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students