Aquila Executives to Speak at Wall Street Conferences.Business Editors KANSAS CITY, Mo.--(BUSINESS WIRE)--Sept. 4, 2001 Keith G. Stamm, chief executive officer of Aquila, Inc. (NYSE NYSE See: New York Stock Exchange :ILA ILA abbr. insulinlike activity ), will speak at the Lehman Brothers CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Energy Conference in New York on Wednesday, September 5, to discuss Aquila's outstanding 2001 performance and outlook for the future. The presentation will be available to the public via live webcast at 10:00 A.M. Eastern Time, accessible on the Aquila website, www.aquila.com under Investor Information. In addition, on September 11, Robert K. Green, chairman of Aquila, will be participating in a panel discussion on energy production hosted by Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. and speaking at the CIBC CIBC Canadian Imperial Bank of Commerce CIBC Centres Interinstitutionnels de Bilan de Compétences CIBC Commonwealth Institute of Biological Control (Trinidad) CIBC Commercial International Brokerage Company World Market's Power Technologies and Growth Conference. Mr. Green will also present at the Merrill Lynch Power and Gas Leader's Conference in New York on September 12. Both the CIBC presentation at 2:00 P.M. Eastern Time on the 11th and the Merrill Lynch presentation at 7:45 A.M. Eastern Time on the 12th will be available to the public via live webcast. To access these webcasts, please go to www.aquila.com, and choose Investor Information. The presentations will be archived at the same site later in the day. As announced last month, Aquila achieved a 367 percent increase over the prior year's second-quarter net income. Earnings before interest and taxes In financial and business accounting, earnings before interest and taxes (EBIT) is a measure of a firm's profitability that excludes interest and income tax expenses.[1] EBIT = Operating Revenue – Operating Expenses + Non-operating Income (EBIT EBIT See: Earnings Before Interest and Taxes EBIT See earnings before interest and taxes (EBIT). ) were up 366 percent compared to a year earlier. First-half earnings per share in 2001 were $1.65 compared to $.38 in last year's first half and $1.14 for all of 2000. Second-quarter sales nearly doubled from $5.3 billion last year to $9.9 billion in 2001. Based in Kansas City, Aquila is one of the top wholesalers of electricity and natural gas in North America and is an innovative provider of risk management products and services. The company also owns and controls a diverse portfolio of merchant assets, including power plants, gas storage, pipeline, and processing facilities, and other complementary merchant infrastructure facilities. Outside North America, Aquila provides wholesale energy services in the United Kingdom, Scandinavia and Germany. Aquila is 80 percent owned by UtiliCorp United (NYSE: UCU), a multinational energy company based in Kansas City with more than 4 million customers. It operates in the United States, Canada, New Zealand and Australia. |
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