Aquila, Inc.

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Aquila, Inc.
Type Public
Genre Energy Company
Founded 1902
Founder Lemuel K. Green
Headquarters Kansas City, Missouri, United States
Key people Richard C. Green (Chairman, President, CEO)
Revenue USD $ 1,369 Million (2006)[1]
Operating income USD -$190.1 Million (2006)[2]
Net income USD $ 23.9 Million (2006)[3]
Total assets USD $874.0 Million (2006)[4]
Total equity USD $1,306.1 Million (2006)[5]
Website aquila.com

Aquila, Inc. (NYSE: ILA), is an electricity and natural gas distribution network headquartered in Kansas City, Missouri in the United States. The company also owns and operates power generation assets. It previously operated under the name UtiliCorp United, Inc.

It is in the process of liquidating most of its assets.

Selling its assets to Great Plains Energy Inc. and Black Hills Corp. in separate transactions.

On February 7, 2007, Aquila announced that is is selling its assets to Great Plains Energy, the parent company of Kansas City Power and Light, said it will acquire all the outstanding shares of the Kansas City-based Aquila in a deal valued at about $1.7 billion.

Kansas City-based Great Plains will pay $4.54 in cash and stock for each Aquila share. Great Plains will also assume about $1 billion in Aquila's debt.

Before the sale, Black Hills will purchase Aquila's electric utility in Colorado and its gas utilities in Colorado, Kansas, Nebraska and Iowa. Black Hills, based in Rapid City, S.D., will pay about $940 million in cash for the utilities.

  1. ^ Finance.Google.com finance.google.com profile
  2. ^ Finance.Google.com finance.google.com profile
  3. ^ Finance.Google.com finance.google.com profile
  4. ^ Finance.Google.com finance.google.com profile
  5. ^ Finance.Google.com finance.google.com profile

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