9.	SUBSEQUENT EVENT

On April 26, 2012, Steven P. Rasche was appointed Chief Financial Officer and principal accounting officer of Laclede Gas effective May 1, 2012. On April 27, 2012, Laclede Group announced a new organizational structure that will position it to grow through execution of four strategic imperatives: 1) develop and invest in emerging technologies, 2) pursue growth through the acquisition of businesses to which the Laclede Group can apply its operating model, 3) invest in infrastructure, and 4) leverage current business unit competencies to enhance growth. Laclede Group’s Board of Directors approved the following appointments and promotions effective May 1, 2012. These executives also currently serve as directors or officers of Laclede Gas.

•	Michael R. Spotanski will be appointed to the newly created position of Senior Vice President, Chief Integration and Innovation Officer. In his new role, Mr. Spotanski will lead Laclede Group’s efforts to integrate regulated natural gas distribution utilities and other businesses that it acquires as part of its growth strategy, as well as its efforts to develop and invest in emerging technologies. Currently, Mr. Spotanski is Senior Vice President Operations and Marketing of Laclede Gas. Until a new operating officer is appointed for Laclede Gas, Mr. Spotanski will continue to manage operations at Laclede Gas along with Suzanne Sitherwood who will remain President of Laclede Gas.

•	Mark C. Darrell will be appointed to the position of Senior Vice President, General Counsel and Chief Compliance Officer. In this role, Mr. Darrell will supervise Laclede Group’s corporate legal functions, including mergers and acquisition support, litigation, regulatory affairs, contracts and environmental matters. He will also be responsible for the Laclede Group’s corporate compliance.

•	Mary C. Kullman will be promoted to Senior Vice President, Chief Administrative Officer and Corporate Secretary. In her new role, Ms. Kullman’s responsibilities will include overseeing corporate communications, marketing and branding; the development and implementation of standards for shared services, enterprise risk management and internal audit. She will retain her current role as corporate secretary and responsibility for corporate governance, securities and ethics.

•	Steven P. Rasche will be promoted to Senior Vice President, Finance and Accounting and will serve as principal accounting officer for Laclede Group. Mr. Rasche’s responsibilities will include accounting, financial reporting and analysis, treasury, tax and investor relations. Mr. Rasche will report to Mr. Waltermire.

•	Richard A. Skau will be appointed to Senior Vice President, Chief Human Resources Officer. In this role, Mr. Skau will supervise Laclede Group’s efforts to attract, retain, develop and train employees to prepare them to execute on corporate strategy. His responsibilities also include employee relations, payroll, benefits, and diversity and inclusion.

•	Mark D. Waltermire will be promoted to Executive Vice President, Chief Financial Officer. In this role, Mr. Waltermire will oversee strategic planning and corporate development, information technology services, finance and accounting, supply chain functions and Laclede Energy Resources, Inc., an affiliate of Laclede Gas.