INFORMATION BY OPERATING SEGMENT

12 Months Ended

Sep. 30, 2014

Segment Reporting [Abstract]

INFORMATION BY OPERATING SEGMENT

INFORMATION BY OPERATING SEGMENT

Laclede Group

All of Laclede Group’s subsidiaries are 100% owned. In the first quarter of fiscal year 2013, the Company retitled its segment names. The Gas Utility segment consists of the regulated operations of the Company and is the core business segment of Laclede Group. The Gas Utility segment consists of Laclede Gas and Alagasco. Laclede Gas and Alagasco are public utilities engaged in the retail distribution and sale of natural gas serving an area in eastern Missouri through Laclede Gas, an area in western Missouri, through MGE (collectively, the Missouri Utility) and central and north Alabama through Alagasco (the Alabama Utility) (collectively, the Utilities). The Gas Marketing segment includes the results of Laclede Energy Resources, Inc. (LER), a subsidiary engaged in the non-regulated marketing of natural gas and related activities, and LER Storage Services, Inc., which became operational in January 2012 and utilizes natural gas storage contracts for providing natural gas sales. Other includes Laclede Pipeline Company’s transportation of liquid propane regulated by the Federal Energy Regulatory Commission (FERC) as well as non-regulated activities, including, among other activities, real estate development, the compression of natural gas (Spire), and financial investments in other enterprises. Other also includes Laclede's Gas' non-regulated business activities, which are comprised of its propane storage and related services. Beginning July 1, 2013, propane-related services were included within Gas Utility operations pursuant to Laclede Gas' most recent rate case. Accounting policies are described in Note 1, Summary of Significant Accounting Policies. Intersegment transactions include sales of natural gas from Laclede Gas to LER, propane storage services provided by Laclede Gas to Laclede Pipeline Company, sales of natural gas from LER to Laclede Gas, and propane transportation services provided by Laclede Pipeline Company to Laclede Gas.

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 also excludes the after-tax impacts related to acquisition, divestiture, and restructuring activities.

	Gas Utility		Gas Marketing			Other				Eliminations			Consolidated
($ Millions)
Fiscal 2014
Revenues from external customers	$	1,462.6	$	162.6		$	2.0			$	—		$	1,627.2
Intersegment revenues	5.2		84.0			1.8				(91.0		)	—
Total Operating Revenues	1,467.8		246.6			3.8				(91.0		)	1,627.2
Operating Expenses
Gas Utility
Natural and Propane Gas	821.8		—			—				(90.1		)	731.7
Other Operation and Maintenance	288.7		—			—				(0.9		)	287.8
Depreciation and Amortization	82.4		—			—				—			82.4
Taxes, Other than Income Taxes	112.0		—			—				—			112.0
Total Gas Utility Operating Expenses	1,304.9		—			—				(91.0		)	1,213.9
Gas Marketing	—		226.4		(a)					—			226.4
Other	—		—			20.5			(b)	—			20.5
Total Operating Expenses	1,304.9		226.4			20.5				(91.0		)	1,460.8
Operating Income	162.9		20.2			(16.7		)		—			166.4
Net economic earnings	92.8		10.2			(2.9		)		—			100.1
Capital expenditures	168.6		—			2.4				—			171.0
Fiscal 2013
Revenues from external customers	$	847.2	$	165.1		$	4.7			$	—		$	1,017.0
Intersegment revenues	10.6		24.3			1.5				(36.4		)	—
Total Operating Revenues	857.8		189.4			6.2				(36.4		)	1,017.0
Operating Expenses
Gas Utility
Natural and Propane Gas	469.1		—			—				(35.7		)	433.4
Other Operation and Maintenance	180.7		—			—				(0.4		)	180.3
Depreciation and Amortization	48.3		—			—				—			48.3
Taxes, Other than Income Taxes	60.1		—			—				—			60.1
Total Gas Utility Operating Expenses	758.2		—			—				(36.1		)	722.1
Gas Marketing	—		176.6		(a)	—				—			176.6
Other	—		—			22.1			(b)	(0.3		)	21.8
Total Operating Expenses	758.2		176.6			22.1				(36.4		)	920.5
Operating Income	99.6		12.8			(15.9		)		—			96.5
Net economic earnings	56.6		8.9			(0.5		)		—			65.0
Capital Expenditures	128.5		—			2.3				—			130.8

	Gas Utility		Gas Marketing			Other			Eliminations			Consolidated
($ Millions)
Fiscal 2012
Revenues from external customers	$	763.5	$	358.1		$	3.9		$	—		$	1,125.5
Intersegment revenues	1.2		15.4			1.0			(17.6		)	—
Total Operating Revenues	764.7		373.5			4.9			(17.6		)	1,125.5
Operating Expenses
Gas Utility
Natural and Propane Gas	414.8		—			—			(17.5		)	397.3
Other Operation and Maintenance	167.4		—			—			—			167.4
Depreciation and Amortization	40.7		—			—			—			40.7
Taxes, Other than Income Taxes	53.7		—			—			—			53.7
Total Gas Utility Operating Expenses	676.6		—			—			(17.5		)	659.1
Gas Marketing	—		353.3		(a)	—			—			353.3
Other	—		—			2.6		(b)	(0.1		)	2.5
Total Operating Expenses	676.6		353.3			2.6			(17.6		)	1,014.9
Operating Income	88.1		20.2			2.3			—			110.6
Net economic earnings	48.1		12.3			2.2			—			62.6
Capital expenditures	106.7		0.1			2.0			—			108.8

(a) Depreciation and amortization for Gas Marketing are included in Gas Marketing Expenses on the Statements of Consolidated Income ($0.4 for fiscal year 2014, $0.3 for fiscal year 2013, and $0.3 for fiscal year 2012).

(b) Depreciation, amortization, and accretion for Other is included in the Other Operating Expenses on the Statements of Consolidated Income ($0.5 for fiscal year 2014, $0.6 for fiscal year 2013 and $0.3 for fiscal year 2012).

Total Assets
($ Millions)	2014			2013			2012
Gas Utility	$	4,520.0		$	2,981.0		$	1,759.0
Gas Marketing	156.7			163.9			190.7
Other	1,575.7			115.6			102.2
Eliminations	(1,178.4		)	(135.1		)	(171.6		)
Total Assets	$	5,074.0		$	3,125.4		$	1,880.3

Reconciliation of Consolidated Net Income to Consolidated Net Economic Earnings
($ Millions)	2014			2013		2012
Net Income (GAAP)	$	84.6		$	52.8	$	62.6
Unrealized loss (gain) on energy-related      derivatives	(0.9		)	0.5		(0.3		)
Lower of cost or market inventory adjustments	(0.7		)	0.9		—
Realized (gain) loss on economic hedges prior      to the sale of the physical commodity	(0.2		)	—		0.2
Acquisition, divestiture and restructuring activities	17.3			10.8		0.1
Net Economic Earnings (Non-GAAP)	$	100.1		$	65.0	$	62.6