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UTILICORP OFFERS 4.6 MILLION SHARES OF COMMON STOCK

 KANSAS CITY, Mo., Feb. 10 /PRNewswire/ -- UtiliCorp United (NYSE: UCU) today announced it is offering through underwriters 4.6 million shares of common stock at $28.50 per share.
 Net proceeds from the sale will be used to reduce short-term debt incurred for construction, acquisitions, and for general corporate purposes.
 UtiliCorp's managing underwriters for the 4.6 million shares are Smith Barney, Harris Upham & Co. Incorporated, Donaldson, Lufkin & Jenrette Securities Corporation, Goldman, Sachs & Co. and Dean Witter Reynolds Inc.
 The underwriters also have a 30-day option to purchase up to 675,000 additional shares to cover any over-allotments of shares.
 There are currently more than 35.6 million shares of UtiliCorp common stock outstanding. The shares are traded on the New York, Toronto and Pacific stock exchanges. The February 9 closing price on UtiliCorp common stock on the New York Stock Exchange was $28.50.
 Based in Kansas City, UtiliCorp provides gas and electric service to approximately one million customers in eight states and the province of British Columbia. The company also is engaged in various non-regulated utility and energy related enterprises.
 -0- 2/10/93
 /CONTACT: Phil Hermanson of UtiliCorp, 816-691-3541/
 (UCU)


CO: UtiliCorp United ST: Missouri IN: UTI SU: OFR

MP -- MN005 -- 5063 02/10/93 10:19 EST
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Publication:PR Newswire
Date:Feb 10, 1993
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