Aquila Will Review Second Quarter Results in Webcast August 5 at 9:30 A.M. Eastern

Business Wire, August 3, 2004

KANSAS CITY, Mo. -- Aquila, Inc. (NYSE:ILA) will conduct a conference call and webcast on August 5 at 9:30 a.m. Eastern Time to discuss 2004 second quarter results and information on its operations and restructuring, including the company's progress on terminating long-term natural gas contracts. Participants will be Chief Executive Officer Rick Green, Chief Operating Officer Keith Stamm and Chief Financial Officer Rick Dobson. Aquila's earnings and quarterly report on Form 10-Q will be made public earlier on August 5.

To access the live webcast via the Internet, go to Aquila's website at www.aquila.com and click "Investor Information" for a link to the webcast. Allow at least five minutes to register and access the presentation. Replays will be available on the website at the same location ("Investor Information"), beginning approximately two hours after the webcast.

In addition, audio replay will be available by telephone through August 12 at 800-405-2236 in the United States, and at 303-590-3000 for international callers. Callers need to enter the access code 11003033 when prompted.

Based in Kansas City, Missouri, Aquila operates electricity and natural gas distribution utilities serving customers in Colorado, Iowa, Kansas, Michigan, Minnesota, Missouri and Nebraska. The company also owns and operates power generation assets. More information is available at www.aquila.com.