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Laclede Gas Company

From Alfawiki
Laclede Gas Company
Company typeSubsidiary
IndustryNatural gas utility
PredecessorLaclede Gas Light Company
FoundedMarch 2, 1857; 169 years ago (1857-03-02) in Missouri, United States
FateSubsidiary of Spire Inc
Headquarters
St. Louis
,
United States
Area served
St. Louis and ten counties in eastern Missouri
ProductsNatural gas distribution, underground natural gas storage, propane storage and vaporization
OwnerSpire Inc
ParentSpire Inc
Websitewww.lacledegas.com

Laclede Gas Company stands as Missouri's foremost utility for distributing natural gas, catering to around 632,000 customers across residential, commercial, and industrial sectors within St. Louis and ten counties in eastern Missouri. Beyond its primary role in gas distribution, Laclede Gas also operates an underground natural gas storage facility, a propane storage cavern, and propane vaporization units.

As a regulated public utility, Laclede Gas functions as a wholly owned subsidiary of Spire Inc (previously known as Laclede Group). Its main corporate offices are situated in the 700 Market building located in downtown St. Louis.

History

Initially established as the Laclede Gas Light Company, the enterprise leveraged the advancement of gas-powered street and household lighting, which supplanted earlier illumination methods such as candles and kerosene lamps prior to the widespread use of electric lighting. The company was officially chartered in Missouri on March 2, 1857, bearing the name of Pierre Laclède, the founder of St. Louis.

In 1905, North American Company—a conglomerate of public utilities—acquired St. Louis United Railways and reported ownership over Union Electric and Laclede Gas. However, by 1909, antitrust regulations under Missouri law compelled North American to divest Laclede Gas. The sale transferred ownership to a group of St. Louis investors led by G. H. Walker and Adolphus Busch for $7 million. While Walker planned to sell his shares afterward, Busch committed $1 million as an investment.

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