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sold its electric utility holdings in Kansas and
Colorado to UtiliCorp for $ 345 million which operated under the name WestPlains Energy. Before then, Centel in Colorado was known as Southern Colorado Power Company which was later changed to Centel Electric-Southern Colorado Power Division. Centel in
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Ralph Green died in 1962 and his son
Richard Green took the helm. Richard Green, Jr. took over in 1982. The latest Green looked to expand it beyond its Missouri base and it was renamed UtiliCorp United Inc. in 1985. It bought People's Natural Gas, Northern Minnesota Utilities, West Virginia Power,
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In 2004 five lawsuits were filed in federal court alleging that Aquila's board of directors steered employees into heavily investing their retirement savings in company stock. On Jan. 26, 2005, these suits were folded into a single class action alleging top company officials violated the federal
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In 2006, Aquila
Networks sold the Kansas electric properties to Mid-Kansas Electric Company (a cooperative). The Mid-Kansas Electric Company consists of six electric cooperatives: Lane-Scott Electric Cooperative, Inc. (Dighton, Kansas|Dighton), Prairie Land Electric Cooperative, Inc.
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West
Kootenay Power and Light in British Columbia, and Michigan Gas Utilities. In 1989 it assigned its unregulated gas operations to a newly created subsidiary, Aquila Energy Corp. The acquisitions were done by issuing stock and reducing Green family control.
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broke up utilities. Green's son Ralph Green bought controlling interest in
Missouri Public Service. Green was to bring in Middle West Corporation, Missouri Gas & Electric Service Company and City Light and Traction Company of Sedalia, Missouri.
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The company began selling its assets and dropped to 891 on the
Fortune list in 2007. In 2007 its electric assets in northwest Missouri were acquired by its historic rival Kansas City Power & Light (via its new parent
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requiring that employers manage employees retirement programs responsibly. The company settled the case for $ 10.5 million in April 2007. 66,000 of the company's customers in
Missouri lost power for several days in the
283:. Prior to Green's purchase the plant generated power only dawn to midnight and was closed on Sundays. Green bought power from another flour mill and began selling power to neighboring towns.
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Aquila's stock price peaked at $ 37.55 in May 2001 and it ranked #33 on the
Fortune 500. The stock plummeted to $ 6.75 in July 2002 in the wake of the
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gas utilities for $ 940 million. The merger closed on July 14, 2008, and Aquila now operates under the name Black Hills Energy.
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On
February 6, 2007, the company announced plans for a merger valued at $ 1.7 billion to become a wholly owned subsidiary of
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456:. In 2008, the Colorado electric properties were acquired by Black Hills Corporation and was renamed Black Hills Energy.
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In 2001 UtiliCorp spun off Aquila but then bought it back in 2002 and then renamed the entire corporation Aquila, Inc.
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Kansas was previously
Western Power and Gas which was changed to Centel Electric-Western Power Division.
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and renamed the company Green Power & Light Company. He then built Baldwin Lake which was used for
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Aquila has its roots in the Solomon Valley Milling Company founded in 1902 by Lemuel K. Green in
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he took the company public under the name West Missouri Power Company. Its chief rival in the
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In 1992 the company entered into a joint venture to distribute and market natural gas in the
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again which merged with the Missouri Public Service Company. Green retired to
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which had called into question business practices of all electric utilities.
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International Directory of Company Histories, Vol. 50. St. James Press, 2003
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Mid-Kansas Electric Company Communities formerly served by Aquila Networks:
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where bought a 2,000-acre (8.1 km) orange grove. He died in 1930. The
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In 1908 sold the mill and bought the H. M. Spalding Electric Light Plant in
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for $ 550,000. He then bought the Reeder Light, Ice & Fuel Company in
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713:"Empire District agrees to buy Aquila Mo. natgas ops for $ 84M"
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327:. The company continued to expand through southwest Missouri.
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in 1999, becoming part of its Monongahela Power subsidiary.
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Victory Electric Cooperative Association: Dodge City
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In 1922 looking to expand with a generating plant at
777:Hydroelectric power companies of the United States
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307:power as well as provide water for the community.
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276:and Green discovered he could sell electricity.
220:assets. It previously operated under the name
410:Mid-December 2007 North American Winter storms
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767:Electric power companies of the United States
444:), Western Cooperative Electric Association (
448:) and Wheatland Electric Cooperative, Inc. (
115:Richard C. Green (Chairman, President, CEO)
762:Natural gas companies of the United States
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604:"Aquila Amended Complaint (0092098.DOC;1)"
224:The company at one time ranked #33 on the
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452:) The Kansas gas operations were sold to
772:Companies based in Kansas City, Missouri
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436:), Pioneer Electric Cooperative, Inc. (
405:Employee Retirement Income Security Act
216:. The company also owned and operated
792:American companies established in 1902
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208:distribution network headquartered in
787:Energy companies established in 1902
632:"Herman Cain's Enron-esque Disaster"
468:Prairie Land Electric Cooperative:
243:electric utility and the Colorado,
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478:Southern Pioneer Electric Company
272:. The steam mill used to process
235:. In conjunction with the merger
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711:Pritchard, Carolyn (2005-09-21).
462:Lane-Scott Electric Cooperative:
291:In 1916 he sold the plant to the
79:2007 (Certain assets acquired by
505:Wheatland Electric Cooperative:
454:Empire District Electric Company
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16:Defunct electric utility company
797:1902 establishments in Missouri
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331:Missouri Public Service Company
287:Green Power & Light Company
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264:Solomon Valley Milling Company
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802:2007 mergers and acquisitions
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325:Kansas City Power & Light
321:Kansas City metropolitan area
345:Public Utilities Act of 1935
181:USD $ 1,306.1 Million (2006)
55:; 122 years ago
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311:West Missouri Power Company
127:USD $ 1,369 Million (2006)
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335:In 1926 he sold it to the
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169:USD $ 874.0 Million (2006)
157:USD $ 23.9 Million (2006)
630:Andy Kroll (2011-05-23).
293:A.E. Fitkin & Company
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580:"History of Aquila, Inc"
677:"Fortune 500 - Fortune"
653:"CAR_Public/080326.mbx"
426:Black Hills Corporation
301:Pleasant Hill, Missouri
237:Black Hills Corporation
145:-$ 190.1 Million (2006)
81:Black Hills Corporation
222:UtiliCorp United, Inc.
556:"FORTUNE 500: Aquila"
352:UtiliCorp United Inc.
341:Escondido, California
210:Kansas City, Missouri
97:Kansas City, Missouri
83:, others acquired by
424:), were acquired by
190:blackhillsenergy.com
119:(Director 1992-2008)
584:Fundinguniverse.com
418:Great Plains Energy
233:Great Plains Energy
85:Great Plains Energy
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542:2007-12-10 at the
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337:Fitkin Group
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198:Aquila, Inc.
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176:Total equity
164:Total assets
92:Headquarters
34:Company type
20:Aquila, Inc.
374:New Zealand
226:Fortune 500
206:natural gas
202:electricity
117:Herman Cain
756:Categories
719:2017-05-23
687:2017-05-23
662:2017-05-23
638:2017-05-23
616:2017-05-23
589:2017-05-23
565:2017-05-23
516:References
507:Great Bend
450:Scott City
442:Dodge City
152:Net income
111:Key people
497:Ellsworth
480:Coldwater
464:Ness City
378:Australia
360:In 1991,
540:Archived
446:WaKeeney
253:Nebraska
241:Colorado
501:Lincoln
484:Liberal
438:Ulysses
259:History
212:in the
200:was an
186:Website
124:Revenue
76:Defunct
68:Founder
58: (
50:Founded
782:Evergy
511:Harper
434:Norton
422:Pueblo
362:Centel
251:, and
249:Kansas
228:list.
37:Merged
607:(PDF)
274:flour
42:Genre
376:and
323:was
245:Iowa
204:and
139:USD
60:1902
53:1902
295:in
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
