Agreement is first RSG transaction for Spire Marketing
HOUSTON, July 6, 2022 /PRNewswire/ — Spire Marketing Inc., a wholly owned subsidiary of Spire Inc. (NYSE: SR), has completed a multi-year agreement to purchase responsibly sourced gas (RSG) from Ascent Resources.
RSG is a distinct natural gas classification that is verified for low-emission responsible attributes and produced in an environmentally manner.
The agreement with Ascent represents the first RSG transaction for Spire Marketing.
“Increasingly over the past few months, we have received numerous requests from our clients regarding access to RSG. Our agreement with Ascent now provides us with the ability to bring this value to our clients throughout North America,” said Patrick Strange, Spire Marketing President. “Meeting the current and future needs of our clients, both from a reliability and sustainability standpoint, is core for Spire Marketing and our parent Spire. We are thankful to Ascent Resources for their continued leadership in the natural gas market and for their support in helping us add RSG to our portfolio.”
With more than three decades in the natural gas marketing space, Spire Marketing serves more than 120,000 clients and customers throughout North Americaincluding utilities, power generators, industrials, and selected commercial and retail accounts.
Ascent is one of the largest private producers of natural gas in the United Stateswith operations located in the Utica Shale in southern Ohio. With a continued focus on the environment and responsible operations, Ascent is committed to supplying affordable, clean and responsibly sourced gas to the North American market.
At Spire Inc. (NYSE: SR), we believe energy exists to help make people’s lives better. It’s a simple idea, but one that’s at the heart of our company. Every day we serve 1.7 million homes and businesses making us the fifth largest publicly traded natural gas company in the country. We help families and business owners fuel their daily lives through our gas utilities serving Alabama, Mississippi and Missouri. Our natural gas-related businesses include Spire Marketing, Spire STL Pipeline and Spire Storage. We are committed to transforming our business through growing organically, investing in infrastructure, and advancing through innovation. Learn more at SpireEnergy.com.
SOURCE Spire Inc.