Aquila Presentation At Banc of America Conference Webcast Today; Question and Answer Session At 11:00 a.m. Eastern.

Business Editors

KANSAS CITY, Mo.--(BUSINESS WIRE)--June 17, 2002

Robert K. Green, president and chief executive officer of Aquila, Inc. (NYSE:ILA), was one of several industry participants this morning at the June 17 Banc of America Energy and Power Conference in New York. Green's remarks were scheduled at 9:20 a.m. Eastern Time. The replay of his audio presentation and accompanying information can be viewed in a webcast accessible to the public.

A separate question and answer session will take place today at 11:00 a.m. Eastern Time with Green and Dan Streek, Aquila's chief financial officer.

To access the either webcast via the Internet, go to Aquila's website at www.aquila.com and click on "Investors" for the webcast link. Listeners should allow five minutes to register and access the presentation. Replays will be available for two weeks, beginning approximately one hour after the presentations, using the same access method.

Based in Kansas City, Missouri, Aquila operates electricity and natural gas distribution networks serving more than six million customers in seven states and in Canada, the United Kingdom, New Zealand and Australia. It also provides risk management products and wholesale energy services. At March 31, 2002, Aquila had total assets of $12.3 billion. More information is available at www.aquila.com.