INFORMATION BY OPERATING SEGMENT

6 Months Ended

Mar. 31, 2012

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 Laclede Gas’ non-regulated business activities, which are comprised of its non-regulated propane sales transactions and 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 acquisition, divestiture, and restructuring activities.

	Regulated		Non-
	Gas		Regulated
(Thousands)	Distribution		Other		Eliminations		Total
Three Months Ended
March 31, 2012
Operating revenues	$	298,623	$	274	$	—	$	298,897
Net Economic Earnings		25,772		136		—		25,908
Total assets		1,680,948		2,274		—		1,683,222
Six Months Ended
March 31, 2012
Operating revenues	$	549,525	$	1,355	$	—	$	550,880
Net Economic Earnings		46,851		751		—		47,602
Total assets		1,680,948		2,274		—		1,683,222
Three Months Ended
March 31, 2011
Operating revenues	$	388,375	$	—	$	—	$	388,375
Net Economic Earnings		26,203		—		—		26,203
Total assets		1,634,674		739		—		1,635,413
Six Months Ended
March 31, 2011
Operating revenues	$	665,818	$	—	$	—	$	665,818
Net Economic Earnings		47,637		—		—		47,637
Total assets		1,634,674		739		—		1,635,413

Reconciliation of Net Economic Earnings to Net Income
	Three Months Ended				Six Months Ended
	March 31,				March 31,
(Thousands)	2012		2011		2012		2011
Total Net Economic Earnings above	$	25,908	$	26,203	$	47,602	$	47,637
Add: Unrealized gain on energy-related
derivative contracts, net of tax		17		29		20		50
Net Income	$	25,925	$	26,232	$	47,622	$	47,687