INFORMATION BY OPERATING SEGMENT

9 Months Ended

Jun. 30, 2012

INFORMATION BY OPERATING SEGMENT [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
June 30, 2012
Operating revenues	$	117,634	$	137	$	—	$	117,771
Net Economic Earnings		4,597		72		—		4,669
Total assets		1,640,101		2,021		—		1,642,122
Nine Months Ended
June 30, 2012
Operating revenues	$	667,159	$	1,492	$	—	$	668,651
Net Economic Earnings		51,448		823		—		52,271
Total assets		1,640,101		2,021		—		1,642,122
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

Reconciliation of Net Economic Earnings to Net Income
	Three Months Ended						Nine Months Ended
	June 30,						June 30,
(Thousands)	2012			2011			2012			2011
Total Net Economic Earnings above	$	4,669		$	11,577		$	52,271		$	59,214
Add: Unrealized (loss) gain on energy-related
derivative contracts, net of tax		(39	)		(44	)		(19	)		6
Net Income	$	4,630		$	11,533		$	52,252		$	59,220