Aquila to Supply Electricity for Alcoa Facility.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)--Jan. 30, 2001 Aquila Energy, a 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. 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 ), was awarded a five-year contract to supply the power needs of Alcoa's aluminum smelting facility in Badin, N.C. The contract provides risk management for both power and the impact of weather on the energy production of Alcoa's generating units. Under the terms of the contract, Aquila will provide the plant with the power it needs to operate the smelter 24 hours a day, seven days a week, by optimizing the balance of Aquila's supply, Alcoa's own generation, and the market. "This agreement provides a stable and consistent power supply for Alcoa's base load energy demand, while effectively mitigating the weather-related variability of its generating capacity," said Tripp Dunman, senior director of Industrial Origination for Aquila. Based in Kansas City, Aquila Energy is a provider of risk management services and a wholesaler 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 has a presence in Scandinavia, Germany and Spain. Aquila is a wholly owned subsidiary of UtiliCorp United, 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. At September 30, 2000, UtiliCorp had $10.0 billion in assets and 12-month sales of $23.0 billion. |
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