Having identified the policy concern, the MoPSC
VoIP Report now
Karam, President and Chief Operating Officer of Southern Union, stated, "We are pleased to have reached this agreement with the MoPSC
staff and Public Counsel.
As announced on July 17, the MoPSC
approved Laclede Gas's purchase of the assets of MGE from Southern Union Company.
The Company will discuss the MoPSC
approval of the acquisition in more detail during its fiscal 2013 third quarter earnings conference call on July 30.
With this agreement, MoPSC
Staff will have more capacity to focus on a timely review of The Laclede Group's transformative acquisition of Missouri Gas Energy (MGE).
8 million increase was approved by the MoPSC effective March 15, 2013, bringing the annualized recovery to $14.
The Company and Laclede Gas jointly filed with the MoPSC on January 14, 2013 for approval of the MGE acquisition.
As previously announced, Laclede Gas filed a general rate case with the MoPSC
on December 21, 2012, seeking a $48.
Customers will not be impacted by this general rate case this winter as the MoPSC
will conduct a review of the filing that may take up to 11 months.
Pending approval by the MoPSC
, if these lower rates remain in effect, the proposed decrease is expected to save customers as a whole $44 million annually.
will conduct a thorough review of the company's request and offer opportunities for public comment.
Consumer protection provisions in the legislation give MoPSC
review over development and costs of any future generation.