American Public Energy Awards Gas Contract to Aquila Energy.Business Editors KANSAS CITY Kansas City, two adjacent cities of the same name, one (1990 pop. 149,767), seat of Wyandotte co., NE Kansas (inc. 1859), the other (1990 pop. 435,146), Clay, Jackson, and Platte counties, NW Mo. (inc. 1850). , Mo.--(BUSINESS WIRE)--Aug. 28, 2000 Aquila Energy, a wholly-owned subsidiary of UtiliCorp United (NYSE NYSE See: New York Stock Exchange : UCU UCU University and College Union (UK) UCU Ucore Uranium Inc (stock symbol) UCU University College Utrecht (The Netherlands) UCU University Credit Union ), has been awarded a long-term contract to supply natural gas to members of the American Public Energy Agency (APEA APEA Alaska Public Employees Association APEA Australian Petroleum Exploration Association APEA Applicant Prepared Environmental Assessment APEA Association for Petroleum and Explosives Administration (UK) ). This is the fourth contract the agency has awarded to Aquila since 1998. Under the new contract, Aquila will supply 154 billion cubic feet (Bcf) of natural gas over a 12-year period. The estimated value of the gas over the life of the contract is $550 million. "With the future of gas prices becoming more and more unknown because of increasing demands and tightening supply, our members will benefit greatly from this long-term contract," said Roger Mock, president and chief executive officer of APEA. Under the three previous contracts with APEA Aquila is supplying the agency with 14.4 Bcf of gas over ten years, 91 Bcf over 12 years and 141 Bcf over 12 years. All together, Aquila is providing APEA with more than 400 Bcf over the next 12 years. APEA provides a reliable supply of natural gas to many municipal utilities and other public entities throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . These public buyers serve thousands of homes and businesses. Long-term supply contracts greatly increase the reliability of gas delivery and decrease costs. Most purchase contracts guarantee the buyer a price beneath the monthly market price of natural gas. "Our strategy is to provide our customers with the most effective portfolio of services, both financially and physically, to enhance their competitive position in managing their energy needs," said Tom McCarthy Tom McCarthy can refer to any of the following people
"Our size and liquidity positions us as one of select few that can provide the necessary operational flexibility and the financial wherewithal to meet the needs of the customer." Based in Kansas City, Aquila Energy is a provider of risk management services and one of the largest wholesalers of electricity and natural gas in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . It also provides wholesale energy services in the U.K. and in 1999 established a presence in Scandinavia, Germany and Spain. Aquila is a wholly-owned subsidiary of UtiliCorp United, an international energy company with about 4.5 million customers across the U.S. and in Canada, Great Britain, New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. and Australia. At June 30, 2000, UtiliCorp had $8.8 billion in assets and 12-month sales of $21.4 billion. |
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