Aquila Inc. tossed overboard a significant amount of excess baggage last Tuesday by exiting a power purchase agreement in Batesville, MS, and terminating another long-term prepaid natural gas supply contract. Both of the deals were a drain on liquidity and exiting them is part of the company’s ongoing repositioning program aimed at getting out of the merchant energy business.
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Aquila Exits Tolling, Prepaid Gas Supply Deals
Aquila Inc. tossed overboard a significant amount of excess baggage on Tuesday by exiting a power purchase agreement in Batesville, MS, and terminating another long-term prepaid natural gas supply contract. Both of the deals were a drain on liquidity and exiting them is part of the company’s ongoing repositioning program aimed at getting out of the merchant energy business.
December 22, 2004
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