Spire Inc
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Spire Inc. is a regional
public utility A public utility company (usually just utility) is an organization that maintains the infrastructure for a public service (often also providing a service using that infrastructure). Public utilities are subject to forms of public control and ...
holding company A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share ...
based in
St. Louis St. Louis ( , sometimes referred to as St. Louis City, Saint Louis or STL) is an independent city in the U.S. state of Missouri. It lies near the confluence of the Mississippi and the Missouri rivers. In 2020, the city proper had a populatio ...
,
Missouri Missouri (''see #Etymology and pronunciation, pronunciation'') is a U.S. state, state in the Midwestern United States, Midwestern region of the United States. Ranking List of U.S. states and territories by area, 21st in land area, it border ...
, providing
natural gas Natural gas (also fossil gas, methane gas, and gas) is a naturally occurring compound of gaseous hydrocarbons, primarily methane (95%), small amounts of higher alkanes, and traces of carbon dioxide and nitrogen, hydrogen sulfide and helium ...
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 A residential area is a land used in which houses, housing predominates, as opposed to industrial district, industrial and Commercial Area, commercial areas. Housing may vary significantly between, and through, residential areas. These include ...
,
commercial Commercial may refer to: * (adjective for) commerce, a system of voluntary exchange of products and services ** (adjective for) trade, the trading of something of economic value such as goods, services, information or money * a dose of advertising ...
and industrial
customers In sales, commerce, and economics, a customer (sometimes known as a client, buyer, or purchaser) is the recipient of a good, service, product, or an idea, obtained from a seller, vendor, or supplier via a financial transaction or an e ...
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 The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...
under the symbol SR. It had previously been known as the Laclede Group, trading under the symbol LG.


History

Laclede Gas Company was one of the original 12 industrial companies that made up the
Dow Jones Industrial Average The Dow Jones Industrial Average (DJIA), Dow Jones, or simply the Dow (), is a stock market index of 30 prominent companies listed on stock exchanges in the United States. The DJIA is one of the oldest and most commonly followed equity indice ...
but was removed in 1899. 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, 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. In 2013, The Laclede Group acquired Missouri Gas Energy from Southern Union Company, expanding their Missouri holdings to include Kansas City. In 2014 Laclede acquired Alabama Gas Corporation (Alagasco), which serves the Greater Birmingham, East Lauderdale County, Gadsden,
Jasper Jasper, an aggregate of microgranular quartz and/or cryptocrystalline chalcedony and other mineral phases, is an opaque, impure variety of silica, usually red, yellow, brown or green in color; and rarely blue. The common red color is due to ...
, 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. Later in 2016, Spire acquired Energy South, Inc from Sempra U.S. Gas & Power, the parent company of Mobile Gas and Willmut Gas. 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


External links

* Energy companies of the United States Holding companies of the United States Natural gas companies of the United States Oil companies of the United States Companies based in St. Louis Energy infrastructure in Missouri Energy companies established in 2016 Holding companies established in 2016 Non-renewable resource companies established in 2016 2016 establishments in Missouri Companies listed on the New York Stock Exchange Companies based in Missouri 19th-century initial public offerings Companies in the S&P 400 {{US-company-stub