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Warm winter shows effect on Laclede, UE earnings. (impact of the warm winter in St. Louis, Missouri on the earnings of Laclede Gas Co. and Union Electric Co.)(Energy and the Environment)
The St. Louis area's unusually warm winter was a blow to Laclede Gas Co.'s revenue and earnings. But Union Electric Co. wasn't affected as much.
Laclede's earnings for the quarter that ended March 31 were $1.15 per share, compared with $1.19 per share for the same period of 1994. Laclede officials attributed the earnings decrease primarily to lower sales resulting from the warm winter.
The abnormally warm weather had a significant impact on Laclede's earnings for the fiscal year to date and the 12-month period that ended March 31. Earnings for the six months that ended March 31 were $1.73 per share, compared with $1.96 per share for the same period a year earlier. …
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