Laclede Gas Purchase of Missouri Gas Energy Approved

July 18, 2013 17:28 by Clayton Reeves in Cooperatives, M&A, Natural Gas, Regulation, Utilities  //  Tags: , , ,   //   Comments (0)
Yesterday, state utility regulators approved the combination of Missouri's two largest natural gas companies. The Missouri Public Service Commission unanimously sent an agreement through that allows Laclede Gas Co. to purchase Missouri Gas Energy. The combined entity will have more than 1.1 million customers. The deal prevents Laclede Gas from seeking a general rate increase in its current service area until October 2015.  However, through the MGE territory, Laclede could seek an immediate rate hike. Read the full story here.

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