8-K

United States

Securities and Exchange Commission

Washington, D.C. 20549

Form 8-K

Current Report

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): March 11, 2009

Commission File No.	Exact Name of Registrant as Specified in its Charter and Principal Office Address and Telephone Number	State of Incorporation	I.R.S. Employer Identification Number
1-16681	The Laclede Group, Inc. 720 Olive Street St. Louis, MO 63101 314-342-0500	Missouri	74-2976504
1-1822	Laclede Gas Company 720 Olive Street St. Louis, MO 63101 314-342-0500	Missouri	43-0368139

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 13e-4(c))

Item 7.01 Regulation FD Disclosure.

On March 11, 2009, Company officers will be delivering the presentation attached to analysts in New York City.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

99.1 March 11, 2009 analyst presentation materials.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	THE LACLEDE GROUP, INC.
Date: March 10, 2009	By:	/s/ M. D. Waltermire
		M. D. Waltermire Chief Financial Officer

	LACLEDE GAS COMPANY
Date: March 10, 2009	By:	/s/ M. D. Waltermire
		M. D. Waltermire Senior Vice President, and Chief Financial Officer

Exhibit Index

Exhibit Number	Description
99.1	March 11, 2009 analyst presentation materials

EX-99.1

Exhibit 99.1

Company Overview

•Strong utility platform

•Public utility holding
company formed 2001

•Growth components
complementary to core

•Demonstrated strategic
execution

•S&P Small Cap 600
Company

Natural Gas Industry

Natural Gas Industry

Execution

•Six consecutive years of record earnings

–Acquisition and organic growth

•Utility operations

–Strong regulatory execution

–Operational improvements

–Stability of earnings

•Non-utility components

–Logical extension of core utility business

–Continued growth of Laclede Energy Resources
(LER)

–Developed and sold SM&P Utility Resources, Inc.

–Ongoing systematic evaluation of new opportunities

•Experienced management

Our System & Strengths

•Largest LDC in Missouri

–630,000 Customers (83%
market saturation)

–Over 16,000 miles of pipe

•Diversified gas supply

•Significant storage
capacity

–Market area: ≈5 Bcf
natural gas, ≈3 Bcfe liquid
propane

–Upstream system: 23 Bcf

Upstream Pipeline Transportation Network

Regulation and Rate Design

•Missouri Public Service Commission

•Rate design largely decoupled

–Mitigates exposure to weather and customer
conservation

–Shifts recovery from usage to customer charge

•Infrastructure System Replacement Surcharge
(ISRS)

–Allows recovery between rate cases of facility-related
expenditures

–Recovers depreciation, property taxes, and rate of
return

•Long-established Purchased Gas Adjustment
(PGA) clause

Advocacy

•Missouri Energy Development Association
(MEDA)

–Missouri investor-owned natural gas, electric, and
water utilities

•Advocates measures to support utility infrastructure and
services to benefit Missouri citizens and businesses

–Current Chairman

–Legislative achievements

•Infrastructure System Replacement Surcharge

•Fuel Adjustment Clause for Electric Utilities

•Weather and Conservation Rider

•Environmental Cost Recovery Mechanism

–Missouri Utility Shareholders Association

Operational and Customer Focus

Laclede Energy Resources

•Non-regulated natural
gas marketer

–Organically grown

–Large retail and wholesale
customer base

–Flexible pricing
alternatives

–Risk management utilizing
financial markets

•Lock in margins

–Experienced management

•Mostly long-term, firm
transport

•Major markets

–Perryville Hub - 240,000
Dth/D

–St. Louis - 60,000 Dth/D

•Provides arbitrage
opportunities between PRVL,
Ozark, Tetco and NGPL
pipelines

•Provides diversity in supply
basins to enhance overall
delivery reliability

Core Transport Capacity

Centerpoint Energy

•Long-term firm transport at
discounted rates

•Significant flexibility on
receipts and deliveries

•Integrates well with
Centerpoint capacity
delivering gas to PRVL Hub
and St. Louis for significant
arbitrage opportunities

•Provides redundancy of
supply choices to enhance
overall delivery reliability

Core Transport Capacity

Trunkline Gas Co.

Laclede Energy Resources

•Strong performance

–15% increase in 2008 sales volumes over 2007

–2008 volumes delivered similar to Laclede Gas Company (123
Bcf vs. 108 Bcf)

–Quarter ended December 2008 strongest in history

•160% increase in net income over quarter ended December 2007

•Growth in overall portfolio

–Additional long-term transportation capacity and gas supplies

–Increased number of counterparties

•Growth in sales base

–New retail / wholesale customers

–Producer services

–Customer asset management

85% of Business Activity

99% of Business Activity

Current LER Footprint

Drivers of Growth

•Pipeline expansion projects

–Additional marketing opportunities

•Storage expansion

•Growing gas supply basins

–Shale plays

•Producer services

•Additional markets

–Power generation

–LDCs

Growth Potential

Laclede Pipeline Company

•Uniquely situated LPG
pipeline

–Market crossroads location

–Only U.S. interstate LPG
pipeline with LDC customer

•FERC jurisdiction

–Allows transport of various
liquids

–Creates opportunity to
grow customer base
beyond Laclede Gas

–Preserves historic role re:
Laclede Gas Company
peaking needs

Rocky Mts

LNG

LNG

Canadian Gas

Reduction

Marcellus Shale

Supply Shift

Strategic Storage Opportunities

Strategic Storage Opportunities

Strategic Storage Opportunities

•Assessing and evaluating natural gas
storage assets

•Thoughtful, disciplined approach

•Opportunity for sustainable, long term
growth

	Laclede Group	Laclede Gas FMB	Laclede Gas CP
S&P	A	A	A-1
Moody’s		A3	P-2
Fitch	A-	A+	F1

Strong Credit Ratings and Liquidity

Liquidity and Financial Capacity

•Standing lines of credit

–Laclede Group:$50.0 MM

–Laclede Gas:$320.0 MM

•Seasonal lines of credit

–Laclede Gas:$75.0 MM

•Recent bond issue

–$80 MM of 6.35%, callable after 5 years, 30-year First
Mortgage Bonds issued September 2008

Earnings by Segment ($MM)

Net Income ($MM)

	2006	2007	2008
Operating Cash Flow from Continuing Operations (excluding Working Capital)	$78.5	$81.9	$96.1
Dividends Paid	(29.8)	(31.2)	(32.4)
Capital Expenditures - Continuing Operations	(58.5)	(56.4)	(55.4)
Free Cash Flow	$(9.8)	$(5.7)	$8.3
% of Capital Expenditures Internally Generated	83%	90%	115%

Improving Cash Flow

Earnings and Dividends Per Share

Historical Stock Price

Total Shareholder Return

Total Shareholder Return

Key Takeaways

•Strong core gas distribution
business

–Stable earnings platform

–Dedicated customer service
initiatives

–Focus on internal improvements

•Synergistic growth
components

–LER and Laclede Pipeline
expansion opportunities

–Asset-based opportunities
complementary to core

•Focus on shareholder value

–Strengthening of balance sheet

–Earnings and dividend growth