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Aquila, Inc.



Aquila, Inc. is an integrated electric and natural gas utility. Aquila’s business is organized into three business units: Electric Utilities, Gas Utilities and Merchant Services. Electric Utilities comprises Aquila’s regulated electric utility operations. Gas Utilities includes Aquila’s regulated gas utility operations. Merchant Services comprises the unregulated energy activities operated by the company’s wholly owned merchant energy subsidiary, Aquila Merchant Services, Inc. All other operations are included in Corporate and Other, which includes Aquila’s former 97%-owned subsidiary, Everest Connections and its former investment in the United Kingdom. During the year ended December 31, 2006, Aquila closed the sale of its Michigan gas operations, Missouri gas operations and Minnesota gas operations. In June 2006, Aquila sold Everest Connections.


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