Business Context and Reporting Period
This Form 8-K was filed by The Laclede Group, Inc. and Laclede Gas Company on August 2, 2013, reporting events occurring on July 30, 2013. The filing details the execution of amendments and restatements to firm transportation and storage agreements with CenterPoint Energy - Mississippi River Transmission, LLP, effective August 1, 2013.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on the terms of contractual agreements rather than financial performance metrics.
Material Changes
The primary material change involves the extension of contract terms for natural gas storage and transportation capacity:
- Storage Capacity (Contract #3147): A portion of the capacity term was extended to May 15, 2015, while the remaining portion was extended to May 15, 2016.
- Transportation Capacity (Contracts #3310 and #3311): A portion of the capacity term was extended to July 31, 2015, while the remaining portions were extended to July 31, 2016.
- Automatic Extensions: The amended agreements include provisions for automatic annual extensions unless terminated by either party.
Outlook, Risks, and Management Commentary
The filing does not contain forward-looking guidance, management commentary on future performance, or specific risk factors beyond the standard contractual terms. The agreements are included as Exhibits 10.1, 10.2, and 10.3 to the report.
Key Facts for Investor Verification
- Verify the specific financial impact of the extended storage and transportation terms on future operating costs.
- Confirm the total volume of capacity covered under Contracts #3147, #3310, and #3311.
- Review the termination clauses within the amended agreements to understand exit risks.
- Check subsequent filings for any further amendments or early terminations of these contracts.