Laclede Group is a publicly traded utility holding company. The business continues to trade on the New York Stock Exchange and uses the ticker symbol LG. It remains to be listed as a component of the Wilshire 5000 Index and holds its headquarters in St. Louis, Missouri. It thrives in the energy industry and continues to operate as a multi-million venture.
The history of the company goes back to its founding in 1857 as The Laclede Gas Light Company. Today, it serves as the parent business to three natural gas utility companies that provide services to different regions in the United States. The operations of these companies reach more than 1.5 million customers, which is a combination of commercial, industrial and residential consumers in the state of Alabama and Missouri. The first subsidiary of the company is Laclede Gas, which provides its products and services to residents in the areas of St. Louis and eastern Missouri. It is in Kansas City and in western Missouri that Missouri Gas Energy operates. Through its services, consumers are able to receive reliable natural gas for heating and for cooking. The Alabama Gas Corporation operates in more than 200 communities in the state of Alabama.
By continuously innovating its products and services and by upgrading its facilities, the business is able to provide affordable gas and reliable service to their consumers. The company has also taken on several Go Green initiatives to sustain their operations, while lessening its impact on the environment. In addition to the three regulated subsidiaries of the company is their non-regulated natural gas service provider, Laclede Energy Resources, Inc.
It is worth noting that the company is considered as the 8th longest stock listed on the New York Stock Exchange. It debuted in the exchange in 1889 and trades in the market for more than 120 years now.
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