Business Services Industry
Utility Aquila attracts Missouri regulators' notice.
Knight Ridder/Tribune Business News, June, 2004
By Steve Everly, The Kansas City Star, Mo. Knight Ridder/Tribune Business News
Jun. 26--KANSAS CITY, Mo. -- Missouri regulators are stepping up their review of Aquila Inc. after a court decision raised questions about the company's ability to deliver natural gas to customers this winter.
Steve Gaw, chairman of the Missouri Public Service Commission, said it was too early to determine how serious Kansas City-based Aquila's situation is after a judge ordered a preliminary injunction preventing Aquila from using $504 million in proceeds from the sale of its Canadian utilities.
But the commission has directed its staff to discuss with Aquila how they plan to deal with the situation. They also will monitor the court case that led to the...
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