The Laclede Group, Inc. (Laclede Group) is a public utility holding company. The Company provides natural gas service through its regulated core utility operations, while engaging in non-regulated activities. The Company operates in three segments: Regulated Gas Distribution, Non-Regulated Gas Marketing and Other. The Regulated Gas Distribution segment consists of the regulated operations of Laclede Gas Company (Laclede Gas or the Utility) and is the core business segment of Laclede Group. The Non-Regulated Gas Marketing segment includes the results of Laclede Energy Resources, Inc. (LER), a subsidiary engaged in the non-regulated marketing of natural gas and related activities. Other includes Laclede Pipeline Company’s transportation of liquid propane regulated by the Federal Energy Regulatory Commission (FERC), as well as non-regulated activities, including real estate development, the compression of natural gas and financial investments in other enterprises.