INFORMATION BY OPERATING SEGMENT

9 Months Ended

Jun. 30, 2011

Notes to Financial Statements [Abstract]

INFORMATION BY OPERATING SEGMENT

7. INFORMATION BY OPERATING SEGMENT

The Regulated Gas Distribution segment consists of the regulated operations of Laclede Gas. The Non-Regulated Other segment includes the non-regulated propane transactions and propane storage 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 impact of net unrealized gains and losses on energy-related derivative contracts.

	Regulated		Non-			Adjustments
	Gas		Regulated			&
(Thousands)	Distribution		Other			Eliminations		Total
Three Months Ended
June 30, 2011
Operating revenues	$	151,423	$	18,056		$	—	$	169,479
Net Economic Earnings		5,363		6,214			—		11,577
Total assets		1,582,214		1,387			—		1,583,601
Nine Months Ended
June 30, 2011
Operating revenues	$	817,241	$	18,056		$	—	$	835,297
Net Economic Earnings		53,000		6,214			—		59,214
Total assets		1,582,214		1,387			—		1,583,601
Three Months Ended
June 30, 2010
Operating revenues	$	124,745	$	1		$	—	$	124,746
Net Economic Earnings (Loss)		32		(2	)		—		30
Total assets		1,580,772		1,053			—		1,581,825
Nine Months Ended
June 30, 2010
Operating revenues	$	781,194	$	10,327		$	—	$	791,521
Net Economic Earnings		40,904		3,683			—		44,587
Total assets		1,580,772		1,053			—		1,581,825

Reconciliation of Net Economic Earnings to Net Income
	Three Months Ended						Nine Months Ended
	June 30,						June 30,
(Thousands)	2011			2010			2011		2010
Total Net Economic Earnings above	$	11,577		$	30		$	59,214	$	44,587
Add: Unrealized gain (loss) on energy-related
derivative contracts, net of tax		(44	)		(6	)		6		(81	)
Net Income	$	11,533		$	24		$	59,220	$	44,506