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Managing for Results


The key elements of the established core utility strategy are to
stabilize utility earnings, overcome weather volatility, and to resolve
regulatory issues in a manner that enhances the focus on customer
service and business results. To stabilize earnings, the company is
managing the levers that can be affected and minimizing the variables
that cannot be affected. The Laclede Group's goal is to continue
providing investors with a solid overall return while stabilizing and
improving the performance of our core utility, developing our
non-regulated underground facilities locating business, and taking a
measured approach in the pursuit of additional growth opportunities.

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