Company Release - 08/02/2007 17:37
ST. LOUIS, Aug. 2 /PRNewswire-FirstCall/ -- Douglas H. Yaeger, Chairman,
President and Chief Executive Officer of The Laclede Group, Inc. (NYSE: LG),
was elected as Chairman of the Board of the Missouri Energy Development
Association on Wednesday, August 1. Yaeger will serve a 2-year term.
The Missouri Energy Development Association (MEDA), a statewide
organization headquartered in Jefferson City, was incorporated in October 2002
to develop, organize and promote measures that advance the ability of
investor-owned utilities to build, maintain, protect and provide the utility
infrastructure and services that are critical to the economic well being of
Missouri business and the health and safety of Missouri citizens. MEDA
supports economic development through the maintenance of a strong and reliable
statewide utility infrastructure. Neal English is president of the
association.
MEDA's accomplishments include helping to produce legislation allowing gas
utilities in Missouri to adjust rates twice a year through an Infrastructure
System Replacement Surcharge (ISRS) to recover the cost of installing
facilities associated with safety-related and public improvement projects on a
timelier basis. Members include Ameren UE, Aquila, Atmos Energy Corporation,
Empire District Electric Company, The Laclede Group, Missouri American Water,
Missouri Gas Energy and Kansas City Power & Light.
Yaeger joined Laclede in 1990 as Vice President -- Planning after spending
nearly 20 years in the interstate gas pipeline industry (including service as
Executive Vice President of Mississippi River Transmission Corporation,
Laclede's principal pipeline supplier, and Executive Vice President of Arkla
Energy Marketing Company). He was elected Chief Executive Officer and
Chairman of the Board in January 1999. A native of the St. Louis region
(Webster Groves), Yaeger holds an M.B.A. degree from Saint Louis University
and a B.S. degree in marketing from Miami University of Ohio. He also
completed the Advanced Management Program at the Harvard Business School.
Yaeger currently serves on the Board of Directors of the American Gas
Association and is the immediate past Chair of the Southern Gas Association.
Yaeger continues to serve on its Board. He also serves on the Boards of the
Greater St. Louis Area Council-Boy Scouts of America, Barnes-Jewish Hospital,
First Banks, Inc., the Municipal Theatre Association of St. Louis (Treasurer),
the St. Louis Regional Chamber and Growth Association, the St. Louis Science
Center Board of Commissioners and Webster University. He is the immediate
past President of Civic Progress.
The Laclede Group, Inc. is a public utility holding company committed to
providing reliable natural gas service through its regulated core utility
operations while engaging in non-regulated activities that provide
opportunities for sustainable growth. Its primary subsidiary -- Laclede Gas
Company -- is the largest natural gas distribution utility in Missouri,
serving approximately 631,000 residential, commercial and industrial customers
in the city of St. Louis and ten other counties in eastern Missouri. Its
primary non-regulated activities include SM&P Utility Resources, Inc., a major
underground facilities locating and marking service business headquartered in
Carmel, Indiana, and Laclede Energy Resources, Inc., a natural gas marketer
located in St. Louis, Missouri.
SOURCE The Laclede Group, Inc.