Aquila Energy Changes Name to Aquila, Inc.Business Editors KANSAS CITY, Mo.--(BUSINESS WIRE)--Feb. 26, 2001 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 ) announced today that its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. Aquila Energy has changed its name to Aquila, Inc. The change reflects Aquila's increasing participation in markets outside the energy industry. In addition to trading natural gas and power throughout North America and Europe, the company entered the broadband capacity market last year. It also offers a broad range of risk management products and services to its clients, including a family of weather risk products. "Our new corporate name gives us a great opportunity to communicate a consistent message around the world about who we are as a company, our vision and our strategies," said Keith Stamm, Aquila's chief executive officer. Aquila (pronounced "uh-kwil-uh," rhyming with gorilla) is a Latin word meaning eagle. It also is the name of a constellation containing the star Altair. In some cases this constellation is known as the flying eagle. Based in Kansas City, Aquila is a provider of risk management services and a leading wholesaler of electricity and natural gas in North America. It also provides wholesale energy services in the U.K. and has a presence in Scandinavia, Germany and Spain. Aquila is a wholly owned subsidiary of UtiliCorp United, also based in Kansas City. UtiliCorp is an international energy company with about 4 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. UtiliCorp had $14.1 billion in assets at the end of 2000 and sales of $29 billion. (Additional information about Aquila and UtiliCorp may be found at their web sites: aquila.com and utilicorp.com). "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 The terms "expects," "seeking," "striving," "positions," "forecasts" and similar expressions identify forward-looking information. Naturally all forward-looking statements involve risk and uncertainty and actual results or events could be materially different. Although UtiliCorp United believes that its expectations are based on reasonable assumptions, it can give no assurance that its goals will be achieved. Important factors that could cause actual results to differ materially from expectations include weather conditions; financial market conditions, including changes in exchange rates, interest rates, and commodity prices; prices of natural gas, natural gas liquids, and electricity; future economic conditions in our regional, national, and international markets; our ability to enter new markets successfully and to capitalize on growth opportunities in non-regulated businesses; changing competition, including the deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. of the U.S. electric utility industry and the entry of new competitors; and adverse changes in applicable laws, regulations or rules governing environmental, tax or accounting matters. In light of these risks, uncertainties, and assumptions, the forward-looking events discussed might not occur. Please review UtiliCorp's latest annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , quarterly report on Form 10-Q Form 10-Q See 10-Q. , and current reports on Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. for other important factors that could cause results to differ materially from those in any such forward-looking statements. Information in these archived materials may not be current and may be superceded by more recent information published by UtiliCorp United. |
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