BEFORE THE PUBLIC SERVICE COMMISSION

OF THE STATE OF MISSOURI

 

 

In the Matter of the Joint Application of Southern        )

Union Company d/b/a Missouri Gas Energy,               )

The Laclede Group, Inc., and Laclede Gas                 )

Company for an Order Authorizing the Sale,               )         File No.  GM-2013-0254

Transfer, and Assignment of Certain Assets and         )

Liabilities from Southern Union Company to                )

Laclede Gas Company and, in Connection                  )

Therewith, Certain other Related Transactions            )

 

 

ORDER ESTABLISHING TIME TO RESPOND TO LACLEDE GAS COMPANY’S MOTION FOR LEAVE TO ENTER INTO CERTAIN INTEREST RATE SWAP AGREEMENTS

 

Issue Date:  February 4, 2013                               Effective Date:  February 4, 2013

 

On February 4, 2013, Laclede Gas Company filed a motion asking the Commission to grant it leave to enter into interest rate swap agreements to effectively lock in interest rates for its proposed purchase of Southern Union Company’s Missouri Gas Energy division.  Laclede explains that it wants to take advantage of current low interest rates while they are available.  The motion represents that Staff does not object to its proposal to enter into such swap agreements and asks the Commission to approve that proposal by February 13.   The Commission will direct its Staff to respond to Laclede’s motion and will offer the other parties an opportunity to do so.

THE COMMISSION ORDERS THAT:

1.  The Commission’s Staff shall respond to Laclede Gas Company’s Motion for Leave to Enter into Certain Interest Rate Swap Agreements no later than February 11, 2013.

2.  Any other party that wishes to respond to Laclede Gas Company’s Motion for Leave to Enter into Certain Interest Rate Swap Agreements shall do so no later than February 11, 2013.

3.  This order shall become effective upon issuance.

 

BY THE COMMISSION

 

 

 

 

Shelley Brueggemann

Acting Secretary

 

( S E A L )

 

Morris L. Woodruff, Chief Regulatory

Law Judge, by delegation of authority

pursuant to Section 386.240, RSMo 2000.

 

Dated at Jefferson City, Missouri,

on this 4th day of February, 2013.