Joplin, MO, Nov. 9, 2005 — The Empire District Electric Co., The Empire District Gas Co., and Aquila Inc. filed with the Missouri Public Service Commission (MPSC) seeking an order authorizing the sale, transfer, and assignment of certain assets and liabilities from Aquila to The Empire District Gas Co. The Empire District Gas Co. is a newly formed, wholly owned subsidiary of The Empire District Electric Co.
Empire and Aquila announced on Sept. 21, 2005, an agreement for Empire to acquire the Missouri natural gas distribution operations of Aquila for the base purchase price of $84.0 million in cash, plus working capital and subject to net plant adjustments.
Empire is also seeking approval from MPSC to adopt the existing MPSC-approved Aquila gas tariffs, including the base rates and purchased gas adjustment. In addition, Empire is asking that new certificates of convenience and necessity be issued authorizing the provision of natural gas service in the involved service areas.
The Missouri gas properties consist of approximately 48,500 customers, who includes about 42,650 residential, 5,600 commercial and industrial and 250 transportation customers. These customers are in 44 Missouri communities in northwest, north central, and west central Missouri and are served with 1,274 miles of transmission and distribution mains.