Laclede Closes Agreement With Algonquin Power - Quick Facts

(RTTNews) - The Laclede Group Inc. (LG) Friday closed on its agreements with Algonquin Power & Utilities Corp. which enabled an Algonquin subsidiary to purchase the assets of New England Gas Co. directly from Southern Union Co., a wholly owned indirect subsidiary of Energy Transfer Partners L.P.

Pursuant to the closing, The Laclede Group received $11.0 million consistent with the agreements originally announced February 11, 2013.

The Massachusetts Department of Public Utilities approved the transfer of New England Gas to an Algonquin subsidiary on December 13, 2013.