Tuesday, September 27, 2005

Aquila execs earn bonuses for sale to Empire Electric

The Kansas City Business Journal reports KC-based Aquila will give executives involved in the sale of its regulated properties earlier this week to Empire District Electric Company of Joplin and three other companies bonuses amounting to 25 percent of their annual salary.
The article said this is the first time executive bonuses have been awarded since 2002, when Aquila lost $2 billion during the collapse of the energy trading market.
Empire District bought Aquila's natural gas operations in Missouri, according to an announcement made Sept. 21.

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