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The Laclede Group (NYSE: LG) provides a flexible way to operate and grow our business. It is the parent organization of the regulated core utility component — Laclede Gas Company — and of a non-regulated component being developed to achieve sustainable growth in a measured and manageable manner. The Laclede Group’s largest non-regulated activity is Laclede Energy Resources, a subsidiary engaged in non-regulated efforts to market natural gas and related activities.
Important Shareholder Information – Dividend Tax Treatment
The Laclede Group has long been an advocate for our community, our customers, our employees and our shareholders. Currently the tax treatment of dividends received by shareholders was reduced to a maximum rate of 15 percent in 2003 and remains in effect until December 31, 2010. If the reduced dividend tax rate expires in 2010, our shareholders will likely face higher tax rates on their dividend income. Laclede favors a permanent reduction in the dividend tax rate and is working with the American Gas Association (AGA), the Missouri Energy Development Association and other related organizations to support necessary legislation. On April 15, 2008 the AGA issued a press release and a study by Ernst & Young on the issue urging Congress to extend the dividend tax rate.
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