-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, V2zY0kdtU7/p5vyGx5xUZ/NDHEkufZGoYq093LMYCbrmsrkR9ZNnuX/sR+gVIAHz /8Eg6QbsRTb9jWRXebNxcw== 0000057183-01-000014.txt : 20010424 0000057183-01-000014.hdr.sgml : 20010424 ACCESSION NUMBER: 0000057183-01-000014 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010420 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010420 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LACLEDE GAS CO CENTRAL INDEX KEY: 0000057183 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS DISTRIBUTION [4924] IRS NUMBER: 430368139 STATE OF INCORPORATION: MO FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-01822 FILM NUMBER: 1608057 BUSINESS ADDRESS: STREET 1: 720 OLIVE ST CITY: ST LOUIS STATE: MO ZIP: 63101 BUSINESS PHONE: 3143420500 MAIL ADDRESS: STREET 1: 720 OLIVE ST CITY: ST LOUIS STATE: MO ZIP: 63101 8-K 1 0001.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 20, 2001 LACLEDE GAS COMPANY _____________________________________________________________________ (Exact name of registrant as specified in its charter) Missouri 1-1822 43-0368139 _____________________________________________________________________ (State or other (Commission (IRS Employer jurisdiction File Identification of Number) No.) incorporation) 720 Olive Street St. Louis, Missouri 63101 _____________________________________________________________________ (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (314) 342-0500 _______________ NONE _____________________________________________________________________ (Former name or former address, if changed since last report) Item 7. Exhibits. See the Index to Exhibits. Item 9. FD Regulation Disclosure On April 20, 2001, the Company filed with the Missouri Public Service Commission the attached press release seeking approval of a weather mitigation plan. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. LACLEDE GAS COMPANY (Registrant) By: GERALD T. MCNEIVE, JR. ________________________ Gerald T. McNeive, Jr. Senior Vice President- Finance and General Counsel April 20, 2001 (Date) Index to Exhibits Exhibit No. - ----------- 1 Laclede Gas Company news release dated April 20, 2001. EX-1 2 0002.txt Exhibit 1 NEWS RELEASE LACLEDE GAS Contact: Richard N. Hargraves (314) 342-0652 FOR IMMEDIATE RELEASE April 20, 2001 Laclede Gas seeks approval of weather mitigation plan ST. LOUIS, MO, April 20, 2001 - Laclede Gas Company (NYSE:LG) is seeking regulatory approval of a plan that would protect Laclede's 633,000 natural gas customers from weather-related fluctuations in their bills and stabilize the Company's annual revenues. The plan Laclede filed today with the Missouri Public Service Commission would mitigate the volatile effects of weather by basing a portion of customers' winter bills on usage associated with normal weather and adjusting to offset the impact of temperatures that are colder or warmer than normal. Laclede's current gas distribution rates are tied directly to weather, and Laclede's revenues increase or decrease depending on colder- or warmer-than-normal weather. "We are looking for ways to reduce the volatility in customers' bills, which hit home in very clear terms during this past winter," said Richard Hargraves, Laclede's Director of Corporate Communications. "We were faced with a combination of unseasonably cold winter weather and sharply higher wholesale gas costs. So customers were using much more natural gas to heat their homes, while higher wholesale gas prices were being passed through to customers." Weather clauses are working successfully elsewhere in the country, Hargraves said. Approximately 40 natural gas utilities in more than 20 states or Canadian provinces have weather clauses, according to a recent survey conducted by the American Gas Association. "Some companies have had weather clauses since 1980, although the average time companies have been operating under weather clauses is more than eight years," Hargraves said. The weather adjustment would apply to Laclede's distribution costs, that portion of a customer's bill that covers Laclede's costs of operating and maintaining its 15,000-mile distribution system and storage facilities. It would apply to residential, commercial and industrial customers. But it would not affect wholesale gas costs - the costs of acquiring enough gas to meet customer needs and transporting it from production fields to Laclede's service area. These costs would remain covered by Laclede's Purchased Gas Adjustment, which passes through to customers increases and decreases in these wholesale gas costs. Laclede already has received PSC approval of its hedging plan for the coming winter, and the Company has proposed other measures designed to reduce the volatile impact on customers' bills of wholesale price changes. By stabilizing Laclede's revenues, the weather clause would allow Laclede to cover what are primarily fixed costs that do not fluctuate with the weather while still providing the Company's shareholders with a fair return on investment. Laclede Gas is the largest natural gas distribution company in Missouri, serving 633,000 customers in St. Louis and surrounding counties in eastern Missouri. -----END PRIVACY-ENHANCED MESSAGE-----