Spire Marketing to provide RSG through agreement with Ascent Resources
Spire Marketing, a subsidiary of Spire (NYSE: SR), has finalized a multi-year agreement with Ascent Resources to purchase responsibly sourced gas (RSG). This marks the first RSG transaction for Spire Marketing, responding to increasing client demand for sustainable energy solutions. The contract supports Spire's commitment to sustainability and enhances its portfolio for over 120,000 clients across North America. Ascent, a major natural gas producer, emphasizes environmentally responsible operations, ensuring affordable and clean gas delivery.
- First agreement for responsibly sourced gas (RSG) enhances Spire Marketing's portfolio.
- Addresses growing client demand for sustainable energy solutions.
- Strengthens Spire's commitment to environmental responsibility.
- Serves over 120,000 clients in North America, expanding market opportunities.
- None.
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 attributes and produced in an environmentally responsible 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 America, including utilities, power generators, industrials, and selected commercial and retail accounts.
Ascent is one of the largest private producers of natural gas in the United States, with 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.
Media Contact: | Media Contact: |
Jason Merrill | Chris Benton |
314-365-7125 | 405-252-7850 |
jason.merrill@SpireEnergy.com | chris.benton@ascentresources.com |
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SOURCE Spire Inc.
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