| THE      LACLEDE GROUP, INC. AND SUBSIDIARY COMPANIES              |
|--------------------------------------------------------------------|
|                                                               |
| SCHEDULE      OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES |
|                                                               |

|                                                                                 |   | Twelve      Months Ended |    |
|--------------------------------------------------------------------------------------|--------|--------------------------|---------|
|                                                                                 |   | March      31,           |    |   |   | September      30, |   |
| (Thousands      of Dollars)                                                          |   |                     | 2008    |   |   |   |   | 2007 |   |   | 2006 |   |   | 2005 |   |   | 2004 |   |   | 2003 |   |
|                                                                                 |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income      from continuing    operations      before interest   |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     charges      and income taxes                                |   | $                        | 112,226 |   |   |   | $ | 101,866 |   | $ | 100,079 |   | $ | 78,677 |   | $ | 78,605 |   | $ | 81,532 |   |
| Add:      One third of applicable                                                    |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     rentals      charged to operating                            |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     expense      (which approximates                             |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     the      interest factor)                                    |   |                     | 1,612   |   |   |   |   | 1,485 |   |   | 1,291 |   |   | 938 |   |   | 538 |   |   | 457 |   |
|           Total      Earnings      |   | $                        | 113,838 |   |   |   | $ | 103,351 |   | $ | 101,370 |   | $ | 79,615 |   | $ | 79,143 |   | $ | 81,989 |   |
|                                                                                 |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                 |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest      on long-term debt –                                              |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Laclede      Gas                                             |   | $                        | 21,252  |   |   |   | $ | 22,503 |   | $ | 22,328 |   | $ | 22,836 |   | $ | 22,010 |   | $ | 20,169 |   |
| Other      interest                                                                  |   |                     | 11,277  |   |   |   |   | 11,431 |   |   | 10,555 |   |   | 4,418 |   |   | 3,511 |   |   | 3,971 |   |
| Add:      One third of applicable                                                    |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     rentals      charged to operating                            |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     expense      (which approximates                             |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     the      interest factor)                                    |   |                     | 1,612   |   |   |   |   | 1,485 |   |   | 1,291 |   |   | 938 |   |   | 538 |   |   | 457 |   |
|           Total      Fixed Charges |   | $                        | 34,141  |   |   |   | $ | 35,419 |   | $ | 34,174 |   | $ | 28,192 |   | $ | 26,059 |   | $ | 24,597 |   |
|                                                                                 |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                 |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratio      of Earnings to Fixed                                                      |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Charges                                                      |   |                     | 3.33    |   |   |   |   | 2.92 |   |   | 2.97 |   |   | 2.82 |   |   | 3.04 |   |   | 3.33 |   |
|                                                                                 |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                 |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                 |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| LACLEDE      GAS COMPANY                                           |
|--------------------------------------------------------------------|
|                                                               |
| SCHEDULE      OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES |
|                                                               |

|                                                                                 |   | Twelve      Months Ended |   |
|--------------------------------------------------------------------------------------|--------|--------------------------|--------|
|                                                                                 |   | March      31,           |   |   |   | September      30, |   |
| (Thousands      of Dollars)                                                          |   |                     | 2008   |   |   |   |   | 2007 |   |   | 2006 |   |   | 2005 |   |   | 2004 |   |   | 2003 |   |
|                                                                                 |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income      before interest                                                          |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     charges      and income taxes                                |   | $                        | 85,727 |   |   |   | $ | 80,134 |   | $ | 72,077 |   | $ | 72,092 |   | $ | 73,956 |   | $ | 76,274 |   |
| Add:      One third of applicable                                                    |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     rentals      charged to operating                            |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     expense      (which approximates                             |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     the      interest factor)                                    |   |                     | 1,612  |   |   |   |   | 1,485 |   |   | 1,291 |   |   | 938 |   |   | 538 |   |   | 457 |   |
|           Total      Earnings      |   | $                        | 87,339 |   |   |   | $ | 81,619 |   | $ | 73,368 |   | $ | 73,030 |   | $ | 74,494 |   | $ | 76,731 |   |
|                                                                                 |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                 |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest      on long-term debt                                                      |   | $                        | 21,252 |   |   |   | $ | 22,502 |   | $ | 22,329 |   | $ | 22,835 |   | $ | 22,010 |   | $ | 20,169 |   |
| Other      interest                                                                  |   |                     | 11,489 |   |   |   |   | 11,101 |   |   | 10,236 |   |   | 4,076 |   |   | 3,192 |   |   | 3,752 |   |
| Add:      One third of applicable                                                    |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     rentals      charged to operating                            |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     expense      (which approximates                             |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     the      interest factor)                                    |   |                     | 1,612  |   |   |   |   | 1,485 |   |   | 1,291 |   |   | 938 |   |   | 538 |   |   | 457 |   |
|           Total      Fixed Charges |   | $                        | 34,353 |   |   |   | $ | 35,088 |   | $ | 33,856 |   | $ | 27,849 |   | $ | 25,740 |   | $ | 24,378 |   |
|                                                                                 |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                 |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratio      of Earnings to Fixed                                                      |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Charges                                                      |   |                     | 2.54   |   |   |   |   | 2.33 |   |   | 2.17 |   |   | 2.62 |   |   | 2.89 |   |   | 3.15 |   |
|                                                                                 |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                 |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                 |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |