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ACQUISITIONS (Tables) | 12 Months Ended
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Sep. 30, 2014
Business Acquisition [Line Items] |
Schedule of goodwill | The following table represents total goodwill of Laclede Group and Laclede Gas:
($ Millions) | Laclede Group |  | Laclede Gas
Acquisition | 2014 |  | 2013 |  | 2014 |  | 2013
MGE | $ | 210.2 |  |  | $ | 247.1 |  |  | $ | 210.2 |  |  | $ | 247.1 |
Alagasco | 727.6 |  |  | — |  |  | — |  |  | — |
Total | $ | 937.8 |  |  | $ | 247.1 |  |  | $ | 210.2 |  |  | $ | 247.1 |
The following table presents the total goodwill activity for the twelve months ended September 30, 2014:
($ Millions) | Laclede Group |  | Laclede Gas
September 30, 2013 | $ | 247.1 |  |  | $ | 247.1 |
MGE: |  |  |
Working capital and other adjustments to acquisition cost | (25.9 | ) |  | (25.9 | )
Sale of NEG | (11.0 | ) |  | (11.0 | )
Alagasco Acquisition | 727.6 |  |  | — |
September 30, 2014 | $ | 937.8 |  |  | $ | 210.2 |
Missouri Gas Energy (MGE) |
Business Acquisition [Line Items] |
Schedule of preliminary fair value of assets acquired and liabilities assumed | The following table summarizes the fair value of the MGE assets acquired and liabilities assumed at the date of the acquisition:
($ Millions) | September 1, 2013
Assets: |
Utility plant | $ | 671.1 |
Other property and investments | 3.3 |
Goodwill | 210.2 |
Other Property and Investments | 884.6 |
Accounts receivable and other current assets | 36.0 |
Inventories | 62.7 |
Total Current Assets | 983.3 |
Deferred Charges: |
Regulatory assets | 81.4 |
Other | 14.3 |
Total Deferred Charges | 95.7 |
Total Assets Acquired | $ | 1,079.0 |
Liabilities: |
Accounts payable | $ | 19.8 |
Taxes accrued | 17.2 |
Other | 28.9 |
Total Current Liabilities | 65.9 |
Pension and postretirement benefit costs | 24.5 |
Asset retirement obligations | 32.1 |
Other | 16.3 |
Total Deferred Credits and Other Liabilities | 72.9 |
Total Liabilities Assumed | 138.8 |
Net Assets Acquired | $ | 940.2 |
Schedule of Pro Forma Information | The amount of revenue and earnings of MGE included in Laclede Gas' Statements of Income and the Company's Statements of Consolidated Income subsequent to the September 1, 2013 acquisition date are as follows:
($ Millions, except per share data) | Year ended September 30, 2014 | September 1, 2013 - September 30, 2013
Total net revenues | $ | 554.2 |  | $ | 22.0 |
Net Income | 39.5 |  | 1.8 |
Earnings per share: |  |
Basic | $ | 1.10 |  | $ | 0.07 |
Diluted | $ | 1.10 |  | $ | 0.07 |
The following unaudited pro forma financial information presents the combined results of operations as if the MGE acquisition had occurred on October 1, 2012 and the Alagasco acquisition has occurred on October 1, 2013, respectively. The pro forma financial information does not reflect the costs of any integration activities. The pro forma results include estimates and assumptions, which management believes are reasonable. The unaudited pro forma financial information below is not necessarily indicative of either future results of operations or results that might have been achieved had Alagasco or MGE been part of the Company as of the beginning of fiscal years 2013 and 2012, respectively.
| Twelve Months Ended September 30,
($ Millions, except per share data) | 2014 |  | 2013 |  | 2012
Total net revenues | $ | 2,187.1 |  |  | $ | 2,051.5 |  |  | $ | 1,581.4 |
Net Income | 133.5 |  |  | 102.0 |  |  | 81.7 |
Earnings per share: |  |  |  |  |
Basic | $ | 3.11 |  |  | $ | 2.50 |  |  | $ | 2.52 |
Diluted | $ | 3.10 |  |  | $ | 2.49 |  |  | $ | 2.51 |
The amount of revenue and earnings of Alagasco included in our Statements of Consolidated Income subsequent to the Closing Date are as follows:
($ Millions, except per share data) | September 1, 2014 - September 30, 2014
Total net revenues | $ | 19.7 |
Net Loss | (2.9 | )
Earnings/(loss) per share: |
Basic | $ | (0.08 | )
Diluted | $ | (0.08 | )
Alagasco |
Business Acquisition [Line Items] |
Schedule of preliminary fair value of assets acquired and liabilities assumed | The following table summarizes the preliminary fair value of assets acquired and liabilities assumed at the date of the Alagasco acquisition:
($ Millions) | August 31, 2014
Assets: |
Utility plant | $ | 892.7 |
Accounts receivable | 37.3 |
Inventories | 47.7 |
Prepayments and other | 26.6 |
Total Current Assets | 1,004.3 |
Deferred Charges: |
Regulatory assets | 99.5 |
Deferred tax asset | 278.4 |
Pension and other postretirement | 25.7 |
Other | 18.2 |
Total Deferred Charges | 421.8 |
Total Assets Acquired | $ | 1,426.1 |
Liabilities: |
Accounts payable | $ | 32.9 |
Customer deposits | 19.9 |
Taxes accrued | 28.4 |
Regulatory liabilities |  |
Current portion of long-term debt | 15.0 |
Other | 92.2 |
Total Current Liabilities | 188.4 |
Pension and postretirement benefit costs | 27.9 |
Asset retirement obligations | 30.6 |
Regulatory liabilities | 56.1 |
Long-term debt | 249.8 |
Other | 15.8 |
Total Deferred Credits and Other Liabilities | 380.2 |
Total Liabilities Assumed | $ | 568.6 |
Laclede Group |
Goodwill | $ | 727.6 |
Deferred Tax Elimination | (267.8 | )
Net Assets Acquired | $ | 1,317.3 |

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- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13854-109267 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4845-128472 + Details
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