Spire Inc. · NYSE:SR
Spire — Laclede Group — Platt's 7th Annual Storage Outlook 2009
13 slides from Spire's conference presentation, Jan 16, 2009
Slide 1: Platt's 7th Annual Storage Outlook
Pl a tt’s 7 th Annual Storage Outlook Houston, TX January 16 th , 2009
Slide 2: Forward-looking statements
This presentation contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Future operating results may be affected by various uncertainties and risk factors, many of which are beyond the control of The Laclede Group, Inc., including w
Slide 3: Public utility holding company
• Public utility holding company formed Oct. ‘01 • Strong utility platform • Growth components complementary to core LDC business • Demonstrated strategic success • S&P Small Cap 600 Company
Slide 4: Laclede Gas Light Company history and service area
• Established as The Laclede Gas Light Company in 1857, and was an original Dow Jones index company • Largest LDC in Missouri, serving St. Louis and the surrounding 10 counties
Slide 5: Overall strategy and supply system assets
• Overall strategy – Reliably meet our customer’s weather-sensitive load requirements – Insofar as compatible with dependability, do as economically as possible • Supply system assets – Diverse supply and transportation access as well as significant storage to provide reliability, flexibility – 16,0
Slide 6: Financial instruments and physical storage
• Financial Instruments – Generally, up to 70% of Laclede’s flowing supply is covered with NYMEX financial hedges • Physical Storage – Upstream (North Louisiana): Approximately 23 Bcf of leased underground storage off MRT – Behind City Gates (North St. Louis): Approximately 4 Bcf of underground natu
Slide 7: Diversified supply from different suppliers
Diversified supply – 27 different suppliers Total Utility Deliveries ~ 83Bcf – Mainly MRT; Southern Star, Panhandle & MoGas as well Transport customers ~ 17 Bcf Laclede’s portfolio allows flexible access to Midcontinent supplies HUGOTON ANADARKO BASIN (42%) ONSHORE TEXAS REGION (16%) OFF-SHORE GULF
Slide 8: 63% of peak day supply comes from storage
Approximately 63% of Laclede’s peak day supply comes from natural gas or propane storage - Peak Day ~1.1Bcf Flowing Supply MRT Storage Lange Gas Storage & Propane Vaporization
Slide 9: Supply sources: LNG, Rockies, Marcellus Shale
Rocky Mts LNG LNG LNG Canadian Gas Reduction Marcellus Shale
Slide 10: LPG pipeline linking propane storage and vaporization
• Links LDC propane storage to vaporization facilities - “needle peaking” • Connects to Conoco Philips Wood River refinery • Granted interstate tariff by FERC (Apr. ’06) • Uniquely situated LPG pipeline – Market crossroads location – Only U.S. interstate LPG pipeline with LDC customer
Slide 11: Non-regulated regional natural gas marketer
• Non-regulated, regional natural gas marketer – Organically grown – Large base of retail customers and growing wholesale business (85% of LER’s revenues in ‘08) – Arranges for gas from over suppliers – Transacts business on twelve interstate pipelines
Slide 12: Share of business activity
75% of Business Activity 99% of Business Activity
Slide 13: Traditional story and non-traditional elements
Traditional story • Reliability is paramount • Asset portfolio mix optimization • Supply hedging through financial and physical means Non-traditional elements • Shifting supply and infrastructure • Peaking capabilities • Other corporate affiliate interests
Laclede Group — Platt's 7th Annual Storage Outlook 2009 on 6ix