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LG > SEC Filings for LG > Form 8-K on 14-Feb-2014All Recent SEC Filings

Show all filings for LACLEDE GROUP INC



Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure.

As previously disclosed, effective as of September 1, 2013, Laclede Gas Company ("Laclede Gas") and Southern Union Company ("SUG"), an affiliate of Energy Transfer Equity, L.P. and Energy Transfer Partners, L.P. ("ETE"), completed the acquisition of substantially all of the assets and liabilities of SUG's Missouri Gas Energy division ("MGE") pursuant to a Purchase and Sale Agreement (the "PSA") dated December 14, 2012.

On November 13, 2013, in accordance with Section 3.2 of the PSA, Laclede Gas provided to SUG a reconciliation of certain balance sheet accounts from the amounts at September 30, 2012 to August 31, 2013, indicating the difference due to changes in the actual net assets transferred to the Company at closing from the level at September 30, 2012.

Laclede Gas and SUG agreed to the final reconciliation amount of $23.9 million that was paid by ETE to Laclede Gas on February 14, 2014. Laclede Gas, as well as its parent, The Laclede Group, Inc., expects this final reconciliation amount will reduce goodwill related to the transaction to approximately $212 million, subject to any other adjustments.

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