Aquila names Keith Stamm COO

KANSAS CITY, Mo., Oct. 4, 2002 — Aquila Inc. announced that Keith Stamm has been named Senior Vice President and Chief Operating Officer and Mike Jonagan has been appointed Senior Vice President, Capacity Services.

Reporting to Stamm, Jonagan will oversee the continuing wind-down of Aquila’s energy trading and will manage the company’s non-regulated generation assets across the United States. Stamm will also have responsibility for domestic and international network operations and the sale of the company’s non-core assets.

“Keith Stamm has served Aquila and its affiliates, both foreign and domestic, and in both regulated and non-regulated businesses, for nearly 20 years in a variety of positions,” said Richard C. Green, Jr., chairman, president and chief executive officer. “Mike Jonagan also has a very successful track record in a variety of positions at Aquila. Both these leaders share my focus on reestablishing stability in our businesses as quickly as possible.”

Stamm now reports to Green. Following 14 years with the Missouri Public Service division in various engineering and operating capacities, Stamm joined Aquila’s first power trading group in 1996. In 1997 he became chief executive officer of United Energy in Australia, an electric and natural gas utility in Melbourne that is managed and 34 percent-owned by Aquila.

He returned to Kansas City in early 2000 to assume the role of chief executive officer of the Aquila Merchant Services subsidiary. In November 2001, he was appointed president and chief operating officer of Aquila’s Global Networks Group, which manages all the company’s network operations serving more than 6 million customers in the United States, Canada, Australia, New Zealand and the United Kingdom. He became Senior Vice President, Strategic Initiatives, in August 2002.

Stamm is certified as a professional engineer and has a bachelor’s degree in mechanical engineering from the University of Missouri and an M.B.A. from Rockhurst College in Kansas City.

Jonagan, a 16-year veteran with the company, has served as chief executive officer of the U.S. operations of Aquila’s Global Networks Group since April. Prior to that, he completed a two-year assignment in Australia as chief operating officer of United Energy. Before going to Australia, Jonagan was vice president of Aquila’s U.S. power supply operations and held various leadership positions in the company’s network generation and merchant power operations.

A licensed professional engineer, he has a bachelor’s degree in mechanical and petroleum engineering from the University of Missouri-Rolla and a master’s in engineering management from the University of Kansas.

Based in Kansas City, Missouri, Aquila operates electricity and natural gas distribution networks serving more than six million customers in seven states and in Canada, the United Kingdom, New Zealand and Australia. The company also owns and operates power generation and mid-stream natural gas assets. At June 30, 2002, Aquila had total assets of $11.9 billion. More information is available at www.aquila.com.

Source: Aquila, Inc.

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