SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Sep. 30, 2014

The following table presents a reconciliation of the beginning and ending balances of asset retirement obligations at September 30 as reported in the Balance Sheets:



	Laclede Group						Laclede Gas
($ millions)	2014			2013			2014			2013
Asset retirement obligations, beginning of year	$	74.6		$	40.4		$	74.3		$	40.1
Liabilities incurred during the period	0.5			0.8			0.5			0.8
Liabilities settled during the period	(1.5		)	(1.1		)	(1.5		)	(1.1		)
Accretion	3.7			2.3			3.7			2.3
Revisions in estimated cash flows	(5.8		)	—			(5.8		)	—
Addition of MGE asset retirement obligation	—			32.2			—			32.2
Addition of Alagasco asset retirement obligation	27.7			—			—			—
Asset retirement obligations, end of year	$	99.2		$	74.6		$	71.2		$	74.3

Schedule of goodwill

The following table represents total goodwill of Laclede Group and Laclede Gas:



($ Millions)	Laclede Group				Laclede Gas
Acquisition	2014		2013		2014		2013
MGE	$	210.2	$	247.1	$	210.2	$	247.1
Alagasco	727.6		—		—		—
Total	$	937.8	$	247.1	$	210.2	$	247.1

The following table presents the total goodwill activity for the twelve months ended September 30, 2014:



($ Millions)	Laclede Group			Laclede Gas
September 30, 2013	$	247.1		$	247.1
MGE:
Working capital and other adjustments to acquisition cost	(25.9		)	(25.9		)
Sale of NEG	(11.0		)	(11.0		)
Alagasco Acquisition	727.6			—
September 30, 2014	$	937.8		$	210.2

Off-System Sales



Laclede Gas
Pre-tax Income	Customer Share	Company Share
First $2 million	100%	—%
Next $2 million	80%	20%
Next $2 million	75%	25%
Amounts exceeding $6 million	70%	30%

MGE
Pre-tax Income	Customer Share	Company Share
First $1.2 million	85%	15%
Next $1.2 million	80%	20%
Next $1.2 million	75%	25%
Amounts exceeding $3.6 million	70%	30%