Aquila completes sale of Missouri natural gas properties

Pipeline & Gas Journal, July, 2006

Aquila, Inc. has completed the sale of its Missouri natural gas utility division to The Empire District Gas Company for a base purchase price of $85 million. Total proceeds received were approximately $102 million. The transaction involves one of four utility properties Aquila is selling for a total of $897 million.

All sales transactions are expected to be completed this year. The Missouri gas properties consist of approximately 48,500 customers in 44 Missouri communities in northwest, north central and west central Missouri. The purchase includes 1,274 miles of transmission and distribution mains.

COPYRIGHT 2006 Oildom Publishing Company of Texas, Inc.
COPYRIGHT 2008 Gale, Cengage Learning

 

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