Closing down what was once the crown jewel and future of the company, Aquila Inc. said Tuesday that it is officially exiting the wholesale energy marketing and trading business operated by its Aquila Merchant Services subsidiary by the end of the third quarter. The company targeted “late September” for a complete exit from the segment.
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Large Electrics May be Headed Toward Extinction
The majority of existing large electric-related companies willnot be intact a decade from now, says Roger Gale of WashingtonInternational Energy Group. In fact, he anticipates more than halfof the companies will disappear completely.
May 8, 1998
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