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Exhibit 10.2

On UMB Letterhead


                                         January 16, 2001


Mr. Ronald L. Krutzman
Treasurer and Assistant Secretary
Laclede Gas Company
720 Olive Street
St. Louis, MO  63101

Dear Mr. Krutzman:

UMB Bank, n.a. (the "Bank") is pleased to provide a $5,000,000 line of
credit maturing January 31, 2002 to Laclede Gas Company ("Laclede") for
general corporate purposes and for commercial paper backup.  The Bank will
consider requests for advances with maturity dates of 90 days or less under
the line of credit until January 31, 2002.  Our officers may, at their
discretion make short-term loans to Laclede under the following terms.

All borrowings will be priced at Laclede's option at: (i) Bank's prime rate,
(ii) at Libor for a similar principal amount and maturity plus 1/4 of 1%,
(iii) the Bank's Certificate of Deposit rate for similar maturity plus 1/2 of
1%, or (iv) the Federal Funds interest rate for similar maturity plus 1/4 of
1%.  Notes issued under this line shall not exceed 90 days.  If a note is
outstanding with a majority after January 31, 2002, the note may be renewed
in whole or in part provided no note shall mature later than May 1, 2002.

Interest shall be payable at maturity or on date of repayment.  Interest
shall be computed on the basis of actual 365/366 days for prime rate and
Federal Funds rate borrowings and on actual 360 day basis for LIBOR or CD
loans.  Notes issued may be prepaid at any time without penalty.

It is understood that any loans obtained by any subsidiary of Laclede Gas
Company, whether or not they are guaranteed by Laclede Gas Company, are
excluded from this agreement and shall not be charged against the line of
credit described above.



Main Office
2 South Broadway
P.O. Box 66919
St. Louis, Missouri
63166-6919
(314) 621-1000
umb.com

Member FDIC











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UMB
                                                       Page 2


We ask that you supply us with quarterly financial data and other
information, which may be reasonably requested by the Bank from time to
time.  The Bank may terminate this agreement at any time if Bank determines
in good faith that we are not satisfied with your conditions, operations or
performance, financial or otherwise.  This letter, a/k/a the Line of Credit
Agreement, constitutes the entire understanding between the Bank and Laclede
regarding the line of credit.



UMB Bank, N.A.

By:  /s/ Theresa D. Bible
Name:  Theresa D. Bible
Title:    Assistant Vice President

Accepted the 17th day of January, 2001


Laclede Gas Company

By:  /s/ Ronald L. Krutzman
Name:  Ronald L. Krutzman
Title:    Treasurer and Assistant Secretary


































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                                       January 16, 2001



Mr. Ronald L. Krutzman
Treasurer and Assistant Secretary
Laclede Gas Company
720 Olive Street
St. Louis, MO  63101

Dear Mr. Krutzman:

UMB Bank, n.a. (the "Bank") is pleased to provide a $10,000,000 committed
line of credit maturing January 31, 2002 to Laclede Gas Company ("Laclede")
for general corporate purposes and for commercial paper backup.  The Bank
will comply with requests for advances with maturity dates of 90 days or
less under the line of credit until January 31, 2002.  Our officers will
make short-term loans to Laclede under the following terms.

All borrowings will be priced at Laclede's option at: (i) Bank's prime rate,
(ii) at Libor for a similar principal amount and maturity plus 1/4 of 1%,
(iii) the Bank's Certificate of Deposit rate for similar maturity plus 1/2 of
1%, or (iv) the Federal Funds interest rate for similar maturity plus 1/4 of
1%.  Notes issued under this line shall not exceed 90 days.  If a note is
outstanding with a maturity after January 31, 2002, the note may be renewed
in whole or in part provided no note shall mature later than May 1, 2002.

Interest shall be payable at maturity or on date of repayment.  Interest
shall be computed on the basis of actual 365/366 days for prime rate and
Federal Funds rate borrowings and on actual 360 day basis for LIBOR or CD
loans.  Notes issued may be prepaid at any time without penalty.

It is understood that any loans obtained by any subsidiary of Laclede Gas
Company, whether or not they are guaranteed by Laclede Gas Company, are
excluded from this agreement and shall not be charged against the line of
credit described above.







Main Office
2 South Broadway
P.O. Box 66919
St. Louis, Missouri
63166-6919
(314) 621-1000
umb.com

Member FDIC









                                 Page 31


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UMB
                                                     Page 2



This line of Credit is contingent upon payment to Bank by Laclede of a fee
in the amount of 5 basis points per annum ($5,000) and the Bank receiving a
properly executed promissory note that is satisfactory to the Bank for each
advance.

Laclede agrees to provide the Bank with quarterly financial statements in a
timely manner and other information, which may be reasonably requested by
Bank.  This letter, a/k/a the Committed Line of Credit Agreement,
constitutes the entire understanding between the Bank and Laclede regarding
the line of credit.




UMB BANK,N.A.


By: /s/ Theresa D. Bible
Name:  Theresa D. Bible
Title:  Assistant Vice President



Accepted the 17th day of January, 2001



Laclede Gas Company

By: /s/ Ronald L. Krutzman
Name:  Ronald L. Krutzman
Title: Treasurer and Assistant Secretary
























                                  Page 32