PR Newswire: news distribution, targeting and monitoring
See more news releases in Oil & Energy  | Legal Issues

Court Upholds Laclede Gas Company's Position on Its Price Stabilization Program

Share with Twitter Share with LinkedIn
    ST. LOUIS, Nov. 10 /PRNewswire-FirstCall/ -- The Circuit Court of Cole
 County, Missouri, has vacated a Missouri Public Service Commission decision
 relating to Laclede Gas Company's Price Stabilization Program that was in
 effect during the heating season of 2000-2001.
     Under that program, Laclede Gas had generated gains of nearly
 $28.5 million, which for the most part were passed through to Laclede's
 customers with Laclede being entitled to retain $4.9 million. The Commission
 decided in April 2003 that Laclede should not be allowed to retain its share
 of these gains.
     The Court ruled on November 5, 2003, that the Commission's decision was
 unlawful and not supported by competent and substantial evidence on the
 record. The Court's Order and Judgment becomes final 30 days after the date it
 was issued, at which time it will be subject to appeal.
     Laclede Gas Company, a regulated subsidiary of The Laclede Group
 (NYSE:   LG) is the largest natural gas distribution utility in Missouri,
 serving more than 630,000 natural gas customers in the St. Louis area and
 elsewhere in eastern Missouri.

SOURCE Laclede Gas Company

Featured Video

Journalists and Bloggers

Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.

View and download archived video content distributed by MultiVu on The Digital Center.

Share with Twitter Share with LinkedIn

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.



PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.


Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.


Online Member Center

Not a Member?
Click Here to Join
Search News Releases
Advanced Search
  1. PR Newswire Services
  2. Knowledge Center
  3. Browse News Releases
  4. Contact PR Newswire
  5. Send a News Release