| LACLEDE GAS COMPANY                                           |                                                                            |
|---------------------------------------------------------------|---------------------------------------------------------------------------------|
|                                                          |                                                                            |
| SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES |                                                                            |
|                                                          |                                                                            |
|                                                          |                                                                            |   |   |
|                                                          |                                                                            |   | Twelve Months Ended |
|                                                          |                                                                            |   | Mar. 31, |   |   |   | September 30, |
|                                                          | (Thousands of Dollars)                                                          |   |   | 2011 |   |   |   |   | 2010 |   |   | 2009 |   |   | 2008 |   |   | 2007 |   |   | 2006 |
|                                                          |                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                          | Income before interest                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                          |      charges and income taxes                          |   | $ | 89,574 |   |   |   | $ | 84,727 |   | $ | 77,395 |   | $ | 84,684 |   | $ | 80,134 |   | $ | 72,077 |
|                                                          | Add: One third of applicable                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                          |      rentals charged to operating                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                          |      expense (which approximates                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                          |      the interest factor)                              |   |   | 1,827 |   |   |   |   | 1,820 |   |   | 1,833 |   |   | 1,691 |   |   | 1,485 |   |   | 1,291 |
|                                                          |           Total Earnings      |   | $ | 91,401 |   |   |   | $ | 86,547 |   | $ | 79,228 |   | $ | 86,375 |   | $ | 81,619 |   | $ | 73,368 |
|                                                          |                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                          |                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                          | Interest on long-term debt                                                      |   | $ | 23,973 |   |   |   | $ | 24,583 |   | $ | 24,583 |   | $ | 19,851 |   | $ | 22,502 |   | $ | 22,329 |
|                                                          | Other interest                                                                  |   |   | 2,549 |   |   |   |   | 2,269 |   |   | 5,770 |   |   | 10,363 |   |   | 11,101 |   |   | 10,236 |
|                                                          | Add: One third of applicable                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                          |      rentals charged to operating                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                          |      expense (which approximates                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                          |      the interest factor)                              |   |   | 1,827 |   |   |   |   | 1,820 |   |   | 1,833 |   |   | 1,691 |   |   | 1,485 |   |   | 1,291 |
|                                                          |           Total Fixed Charges |   | $ | 28,349 |   |   |   | $ | 28,672 |   | $ | 32,186 |   | $ | 31,905 |   | $ | 35,088 |   | $ | 33,856 |
|                                                          |                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                          |                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                          | Ratio of Earnings to Fixed                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                          |      Charges                                           |   |   | 3.22 |   |   |   |   | 3.02 |   |   | 2.46 |   |   | 2.71 |   |   | 2.33 |   |   | 2.17 |
|                                                          |                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                          |                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                          |                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |