Aquila

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Aquila, Inc.
Founded 1917; merged with Black Hills Energy in 2008
Headquarters Kansas City, MO USA
Website www.blackhillsenergy.com

Aquila was a Kansas City, Mo., based electric and natural gas distribution company that serves approximately 900,000 customers in five Midwestern states (Colorado, Iowa, Kansas, Nebraska and Missouri.) The company also owned and operated generation assets.

In February 2007, the company announced the potential sale of its Missouri electric operations to Great Plains Energy, and the sale of its Colorado electric operations and its natural gas operation in Colorado, Iowa, Kansas and Nebraska to Black Hills Corp. of South Dakota These transactions are expected to be completed in 2008.

At the beginning of 2007, Aquila's assets totaled $3.4 billion, sales were $1.4 billion and net income was $23.9 million.

On April 1, 2007, Aquila completed the sale of its Kansas electric properties to Mid-Kansas Electric Company (MKEC), a coalition of six consumer-owned cooperatives that also own Sunflower Electric Power Corporation, a regional generation and transmission service provider. During 2006, the company sold its natural gas properties in Michigan, Minnesota and Missouri. [1]


References

  1. Aquila Background. Aquila.