Company:Spire Inc

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Short description: American utility company
Spire Inc
TypePublic
IndustryEnergy
Founded1857 as The Laclede Gas Light Company
Headquarters
St. Louis, Missouri
,
United States
Area served
St. Louis, Missouri
Kansas City, Missouri
Birmingham, Alabama
Montgomery, Alabama
Mobile, Alabama
Hattiesburg, Mississippi
Key people
Suzanne Sitherwood (CEO)[1]
ProductsNatural gas
ServicesNatural gas distribution
RevenueDecrease US$1.855 billion (Fiscal Year Ended 30 September 2020)[2]
Decrease US$206.4 million (Fiscal Year Ended 30 September 2020)[2]
Decrease US$88.6 million (Fiscal Year Ended 30 September 2020)[2]
Total assetsIncrease US$8.241 billion (Fiscal Year Ended 30 September 2020)[2]
Total equityDecrease US$2.522 billion (Fiscal Year Ended 30 September 2020)[2]
Number of employees
Increase 3,296 (2016)[3]
SubsidiariesAlabama Gas Corporation (Alagasco)
EnergySouth, Inc.
Laclede Gas Company
Websitespireenergy.com

Spire Inc. (NYSE: SR) is a regional public utility holding company based in St. Louis, Missouri, providing natural gas service through its regulated core utility operations while engaging in non-regulated activities that provide business opportunities. Its primary subsidiary Laclede Gas Company is the largest natural gas distribution utility in Missouri, serving approximately 631,000 residential, commercial and industrial customers in the City of St. Louis and ten counties in eastern Missouri. Its corporate headquarters is located in the 700 Market building in downtown St. Louis.

On April 29, 2016, the company began trading on the New York Stock Exchange under the symbol SR. It had previously been known as the Laclede Group, trading under the symbol LG.[4]

History

Laclede Gas Company was one of the original 12 industrial companies that made up the Dow Jones Industrial Average but was removed in 1899.[5] On December 7, 2009, executives from The Laclede Group visited the New York Stock Exchange (NYSE) to ring the closing bell and commemorate the company’s 120th anniversary of trading on the exchange. The Company first listed its stock on November 14, 1889[citation needed], making it the 8th-oldest listed stock on the NYSE.

On February 1, 2012, Laclede hired its first female CEO, Suzanne Sitherwood. Sitherwood earned a bachelor of science degree in industrial engineering technology from the Southern College of Technology and an MBA from Brenau University.[6]

In 2013, The Laclede Group acquired Missouri Gas Energy from Southern Union Company,[7] expanding their Missouri holdings to include Kansas City.

In 2014 Laclede acquired Alabama Gas Corporation (Alagasco),[8] which serves the Greater Birmingham, East Lauderdale County, Gadsden, Jasper, Anniston-Oxford, Greater Tuscaloosa, Greater Montgomery, Opelika-Auburn, Tuskegee, Selma, and many Black Belt communities as Spire Alabama Inc.

On April 28, 2016, The Laclede Group shareholders approved renaming the company to Spire.[9] Later in 2016, Spire acquired Energy South, Inc from Sempra U.S. Gas & Power, the parent company of Mobile Gas and Willmut Gas.[10] Mobile Gas operates in Mobile, Alabama as Spire Gulf Coast Inc. while Willmut gas operates in Hattiesburg, Mississippi as Spire Mississippi Inc..

See also

  • Laclede Gas Company - Subsidiary of the Laclede Group
  • Laclede Gas Building

References

  1. ↑ "Spire Officers". Spire Energy. http://www.spireenergy.com/investors/corporate-governance/officers-and-directors. Retrieved 3 May 2017. 
  2. ↑ 2.0 2.1 2.2 2.3 2.4 "Spire, Inc. 2020 Annual Report". 30 September 2020. https://s25.q4cdn.com/231862843/files/doc_financials/2020/ar/Spire-2020-Form-10-K-Web-121620-FINAL.pdf. Retrieved 15 July 2021. 
  3. ↑ "2016 Annual Report for Spire Inc.". Spire Inc.. http://www.thelacledegroup.com/~/media/Files/S/Spire-Energy/documents/annual-reports/report-2016.pdf. 
  4. ↑ "Laclede News Release". http://www.lacledegas.com/about/news/article/143/. Retrieved 1 December 2016. 
  5. ↑ Schaefer, Steve (July 15, 2011). "The First 12 Dow Components: Where Are They Now?". Forbes. https://www.forbes.com/sites/steveschaefer/2011/07/15/the-first-12-dow-components-where-are-they-now/. 
  6. ↑ "Suzanne Sitherwood bio". St. Louis Post-Dispatch. 2012-01-13. https://www.stltoday.com/suzanne-sitherwood-bio/article_96067504-3dec-11e1-942a-0019bb30f31a.html. 
  7. ↑ Weiderman, Greta (2013-09-03). "Laclede closes on $975 million acquisition of Missouri Gas Energy". St. Louis Business Journal. http://www.bizjournals.com/stlouis/blog/2013/09/laclede-closes-on-975-million.html?page=all. Retrieved 2015-02-14. 
  8. ↑ Company Press Release. "The Laclede Group Acquires Alabama Gas Corporation.". Laclede Group Inc.. http://www.thelacledegroup.com/file.aspx?IID=4002506&FID=25052912. Retrieved September 2, 2014. 
  9. ↑ Group, Spire Inc ; The Laclede. "The Laclede Group is Now Spire". https://www.prnewswire.com/news-releases/the-laclede-group-is-now-spire-300259240.html. 
  10. ↑ "Sempra U.S. Gas & Power Closes Sale of Parent Company of Mobile Gas and Willmut Gas". https://finance.yahoo.com/news/sempra-u-gas-power-closes-200100442.html. Retrieved 5 May 2017. 

External links



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