Aquila, Inc.
Aquila, Inc. was an electricity and natural gas distribution network headquartered in Kansas City, Missouri in the United States. The company also owned and operated power generation assets. It previously operated under the name UtiliCorp United, Inc. The company at one time ranked #33 on the Fortune 500 list.
| Company type | Merged |
|---|---|
| Genre | Energy Company |
| Founded | 1902 |
| Founder | Lemuel K. Green |
| Defunct | 2007 (Certain assets acquired by Black Hills Corporation, others acquired by Great Plains Energy) |
| Headquarters | , United States |
Key people | Richard C. Green (Chairman, President, CEO) Herman Cain (Director 1992-2008) |
| Revenue | USD $ 1,369 Million (2006) |
| USD -$190.1 Million (2006) | |
Net income | USD $ 23.9 Million (2006) |
| Total assets | USD $874.0 Million (2006) |
| Total equity | USD $1,306.1 Million (2006) |
| Website | blackhillsenergy.com |
On February 6, 2007, the company announced plans for a merger valued at $1.7 billion to become a wholly owned subsidiary of Great Plains Energy. In conjunction with the merger Black Hills Corporation is to acquire its Colorado electric utility and the Colorado, Iowa, Kansas, and Nebraska gas utilities for $940 million. The merger closed on July 14, 2008, and Aquila now operates under the name Black Hills Energy.
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