8-K

United States

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): October 30, 2009

Commission File No.	Exact Name of Registrant as Specified in its Charter and Principal Office Address and Telephone Number	State of Incorporation	I.R.S. Employer Identification Number
1-16681	The Laclede Group, Inc. 720 Olive Street St. Louis, MO 63101 314-342-0500	Missouri	74-2976504
1-1822	Laclede Gas Company 720 Olive Street St. Louis, MO 63101 314-342-0500	Missouri	43-0368139

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[   ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[   ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[   ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[   ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 13e-4(c))

Item 2.02 Results of Operations and Financial Condition

See Item 7.01

Item 7.01 Regulation FD Disclosure

On October 30, 2009, the Company clarified its earnings news release for its unaudited results for the quarter and year ended September 30, 2009.  The revised release, included in Exhibit 99.1 attached to this report, includes clarifying language but does not affect any results in the release.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

99.1 Press release dated October 30, 2009.

SIGNATURES

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.

	THE LACLEDE GROUP, INC.
Date: October 30, 2009	By:	/s/ D. H. Yaeger
		D. H. Yaeger Chairman, President and Chief Executive Officer

	LACLEDE GAS COMPANY
Date:  October 30, 2009	By:	/s/ D. H. Yaeger
		D. H. Yaeger Chairman, President and Chief Executive Officer

Exhibit Index

Exhibit Number	Description
99.1	Corrected earnings press release dated October 30, 2009.

EX-99.1

NEWS RELEASE                                                                                                           

Contact:

Justin Gioia – (314) 342-0865

jgioia@lacledegas.com

The Laclede Group Announces Record Earnings for Seventh Consecutive Year

ST. LOUIS (October 30, 2009) - -- The Laclede Group, Inc. (NYSE: LG) reported today its seventh consecutive fiscal year of record earnings for fiscal 2009, which ended September 30, excluding the fiscal 2008 operating results and net gain on the sale of SM&P Utility Resources.

Consolidated income from continuing operations for fiscal 2009 increased 12 percent to $64.2 million, or $2.92 diluted earnings per share, compared to $57.5 million, or $2.64 diluted earnings per share, reported for fiscal 2008. This increase was principally due to higher earnings from Laclede Energy Resources, Inc. (LER), The Laclede Group’s non-regulated natural gas commodity service provider.

Fiscal 2008’s results of $3.58 diluted earnings per share on an as-reported basis included the operating results and the March 31, 2008 sale of SM&P Utility Resources, Inc, The Laclede Group’s former wholly owned subsidiary, which contributed $0.94 to diluted earnings per share in the prior fiscal year.  The results for fiscal 2008 also included $2.9 million, or $0.13 diluted earnings per share, in certain tax-related benefits. As a result, The Laclede Group posted total earnings of $77.9 million for fiscal 2008.

For the three months ended September 30, 2009, the Company posted a loss of $4.7 million, or ($0.22) diluted earnings per share, compared to a loss of $3.6 million, or ($0.16) diluted earnings per share, for the same quarter last year.  The Company frequently reports a loss in its fourth quarter because of lower gas usage by its utility customers during the summer months.

“We are pleased that we posted our seventh consecutive year of record earnings, despite the fact that the U.S. economy remains in one of the most difficult periods since the Great Depression,” said Douglas H. Yaeger, chairman, president and chief executive officer of The Laclede Group.  “During this period, we have continued to work to strengthen our balance sheet and improve free cash flow.  Future results will be impacted by the timing and sustainability of the economy’s recovery as well as changes in the gas markets.”

RESULTS OF OPERATIONS

Laclede Energy Resources

For fiscal 2009, LER reported earnings of $31.4 million, an increase of 63 percent when compared to last year. This represents a contribution of $1.43 to consolidated diluted earnings per share for this year as compared to $0.88 diluted earnings per share for last year.

LER’s higher earnings for the full year reflect its strategic acquisition of additional firm pipeline transportation capacity prior to the 2008-2009 winter.  This capacity, along with lower natural gas costs, supported higher sales volumes and greater margins this year when compared to last year.  Last year’s results also reflected the impact of $1.3 million, or $0.06 diluted earnings per share, in certain tax-related benefits.

LER reported earnings totaling $4.0 million, or $0.18 diluted earnings per share, for the fiscal 2009 fourth quarter, a decrease of 12 percent compared to the year-ago quarter.  Earnings for the most recent quarter reflect decreased sales margins, partially offset by higher sales volumes of natural gas.  The lower margins were driven primarily by reduced regional price differentials that currently prevail in the marketplace.

Laclede Gas Company

Laclede Gas Company, The Laclede Group’s core subsidiary and Missouri’s largest natural gas distribution utility, reported earnings of $33.2 million for fiscal 2009, a decrease of 15 percent compared to the previous fiscal year. The utility contributed $1.51 to consolidated diluted earnings per share for this year as compared to $1.80 diluted earnings per share for last year. The decrease in earnings was primarily attributable to increased operating and maintenance expenses, partially offset by higher revenue generated by the Infrastructure System Replacement Surcharge (ISRS).  Last year’s results for the period also reflected the impact of $1.6 million, or $0.07 diluted earnings per share, in certain tax-related benefits.

Laclede Gas reported a loss of $7.5 million for the fourth quarter of fiscal 2009, compared to a loss of $7.4 million for the same quarter last year. Laclede Gas contributed ($0.34) to diluted earnings per share during the fourth quarter of both fiscal 2009 and fiscal 2008.  As discussed previously, the utility typically experiences losses in the fourth quarter due to lower gas usage by utility customers during the summer months.

ABOUT THE LACLEDE GROUP

Headquartered in St. Louis, Missouri, The Laclede Group, Inc. is a public utility holding company committed to providing reliable natural gas service through its regulated core utility operations, while also engaging in non-regulated activities that provide opportunities for sustainable growth. Its subsidiary Laclede Gas Company, the regulated operations of which are included in the Regulated Gas Distribution segment, serves approximately 630,000 residential, commercial and industrial customers in the city of St. Louis, St. Louis County and nine other counties in Eastern Missouri. The Laclede

Group’s primary non-regulated business, Laclede Energy Resources, Inc., is included in the Non-Regulated Gas Marketing segment and serves wholesale, large commercial and industrial customers throughout the Midwest. For more information about The Laclede Group and its subsidiaries, visit www.thelacledegroup.com.

The Laclede Group’s earnings are seasonal in nature and generally correspond with the heating season for Laclede Gas Company, its largest subsidiary.

For additional details on The Laclede Group’s fiscal 2009 fourth-quarter and full-year results, please see the accompanying unaudited Statements of Consolidated Income.

CAUTIONARY STATEMENTS ON FORWARD-LOOKING INFORMATION

This news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. The Company's future operating results may be affected by various uncertainties and risk factors, many of which are beyond the Company's control, including weather conditions, governmental and regulatory policy and action, the competitive environment and economic factors. For a more complete description of these uncertainties and risk factors, see the Company's Form 10-Q for the period ended June 30, 2009, filed with the Securities and Exchange Commission.

#   #   #

UNAUDITED

STATEMENTS OF CONSOLIDATED INCOME

THE LACLEDE GROUP, INC.

(Thousands, Except Per Share Amounts)

			Three Months Ended September 30,						Twelve Months Ended September 30,
			2009			2008			2009		2008
OPERATING REVENUES
		Regulated Gas Distribution	$	95,092		$	110,708		$	1,053,993	$	1,128,287
		Non-Regulated Gas Marketing		155,794			340,014			836,865		1,075,845
		Other		1,044			1,067			4,340		4,841
		Total Operating Revenues		251,930			451,789			1,895,198		2,208,973
OPERATING EXPENSES
		Regulated Gas Distribution
		Natural and propane gas		43,740			56,834			699,984		770,097
		Other operation expenses		36,090			36,124			146,542		144,611
		Maintenance		7,364			7,235			27,818		25,827
		Depreciation and amortization		9,262			9,008			36,751		35,303
		Taxes, other than income taxes		8,244			8,538			68,639		69,023
		Total Regulated Gas Distribution Operating Expenses		104,700			117,739			979,734		1,044,861
		Non-Regulated Gas Marketing		149,456			333,234			787,056		1,048,162
		Other		841			788			3,344		4,603
		Total Operating Expenses		254,997			451,761			1,770,134		2,097,626
Operating Income (Loss)				(3,067	)		28			125,064		111,347
Other Income and (Income Deductions) - Net				(864	)		(1,008	)		1,453		1,881
Interest Charges:
		Interest on long-term debt		6,146			4,974			24,583		19,851
		Interest on long-term debt to unconsolidated affiliate trust		—			—			—		486
		Other interest charges		612			1,732			5,163		9,140
		Total Interest Charges		6,758			6,706			29,746		29,477
Income (Loss) from Continuing Operations Before Income Taxes
		and Dividends on Laclede Gas Redeemable Preferred Stock		(10,689	)		(7,686	)		96,771		83,751
Income Tax Expense (Benefit)				(5,942	)		(4,523	)		32,509		26,190
Dividends on Laclede Gas Redeemable Preferred Stock				—			8			15		35
Income (Loss) from Continuing Operations				(4,747	)		(3,171	)		64,247		57,526
Income (Loss) from Discontinued Operations, Net of Income Tax				—			(423	)		—		20,396
Net Income (Loss)			$	(4,747	)	$	(3,594	)	$	64,247	$	77,922
Average Number of Common Shares Outstanding:
	Basic			21,920			21,785			21,893		21,657
	Diluted			21,920			21,785			22,024		21,763
Basic Earnings (Loss) Per Share of Common Stock:
		Income (Loss) from Continuing Operations	$	(0.22	)	$	(0.14	)	$	2.93	$	2.66
		Income (Loss) from Discontinued Operations		—			(0.02	)		—		0.94
		Net Income (Loss)	$	(0.22	)	$	(0.16	)	$	2.93	$	3.60
Diluted Earnings (Loss) Per Share of Common Stock:
		Income (Loss) from Continuing Operations	$	(0.22	)	$	(0.14	)	$	2.92	$	2.64
		Income (Loss) from Discontinued Operations		—			(0.02	)		—		0.94
		Net Income (Loss)	$	(0.22	)	$	(0.16	)	$	2.92	$	3.58