INFORMATION BY OPERATING SEGMENT

3 Months Ended

Dec. 31, 2012

Segment Reporting [Abstract]

INFORMATION BY OPERATING SEGMENT

7. INFORMATION BY OPERATING SEGMENT

In the first quarter of fiscal year 2013, Laclede Gas retitled its segment names. The Gas Utility segment, previously titled Regulated Gas Distribution, consists of the regulated operations of Laclede Gas. The Other segment, previously titled Non-Regulated Other, includes Laclede Gas’ non-regulated business activities, which are comprised of its propane storage and related services. Accounting policies are described in Note 1. There are no material intersegment revenues.

Management evaluates the performance of the operating segments based on the computation of net economic earnings. Net economic earnings exclude from reported net income the after-tax impacts of net unrealized gains and losses and other timing differences associated with energy-related transactions. Net economic earnings will also exclude, if applicable, the after-tax impact of costs related to unique acquisition, divestiture, and restructuring activities.

(Thousands)	Gas Utility		Other		Adjustments & Eliminations		Total
Three Months Ended
December 31, 2012
Operating revenues	$	250,791	$	1,143	$	—	$	251,934
Net Economic Earnings	25,341		460		—		25,801
Total assets	1,809,722		1,008		—		1,810,730
Three Months Ended
December 31, 2011
Operating revenues	$	250,902	$	1,081	$	—	$	251,983
Net Economic Earnings	21,079		615		—		21,694
Total assets	1,753,859		2,176		—		1,756,035

Reconciliation of Net Economic Earnings to Net Income
	Three Months Ended
	December 31,
(Thousands)	2012			2011
Total Net Economic Earnings above	$	25,801		$	21,694
Add: Unrealized (loss) gain on energy-related  derivative contracts, net of tax	(58		)	3
Net Income	$	25,743		$	21,697