KANSAS CITY, Mo., May 8, 2007 (PRIME NEWSWIRE) -- Aquila, Inc. (NYSE:ILA) and Great Plains Energy Incorporated (NYSE:GXP) today filed with the United States Securities and Exchange Commission (SEC) a joint proxy statement relating to the proposed merger of Aquila and a subsidiary of Great Plains Energy. The joint proxy statement, which is contained in a Form S-4 registration statement filed by Great Plains Energy, will be used to solicit votes from Aquila's and Great Plains Energy's shareholders in favor of the proposed merger. Approval of the merger by the shareholders of both Aquila and Great Plains Energy is required to complete the merger.
The companies announced the proposed merger of Aquila and a subsidiary of Great Plains Energy earlier this year. Upon completion of the merger, Aquila will be a wholly-owned subsidiary of Great Plains Energy.
Based in Kansas City, Mo., Aquila owns electric power generation and operates electric and natural gas transmission and distribution networks serving customers in Colorado, Iowa, Kansas, Missouri and Nebraska. More information is available at www.Aquila.com.
The Aquila, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=1753
Additional Information and Where to Find It
In connection with the proposed merger of Aquila and a subsidiary of Great Plains Energy, on May 8, 2007, Great Plains Energy filed with the SEC a registration statement on Form S-4, containing a joint proxy statement/prospectus and other relevant materials. The final joint proxy statement/prospectus will be mailed to the stockholders of Great Plains Energy and Aquila. INVESTORS AND SECURITY HOLDERS OF GREAT PLAINS ENERGY AND AQUILA ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS AND THE OTHER RELEVANT MATERIALS WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT GREAT PLAINS ENERGY, AQUILA AND THE TRANSACTION. The registration statement and joint proxy statement/prospectus and other relevant materials (when they become available), and any other documents filed by Great Plains Energy or Aquila with the SEC, may be obtained free of charge at the SEC's website at www.sec.gov. In addition, investors and security holders may obtain free copies of the documents filed with the SEC by Great Plains Energy by directing a request to: Great Plains Energy, 1201 Walnut, Kansas City, MO 64106, Attn: Investor Relations. Investors and security holders may obtain free copies of the documents filed with the SEC by Aquila by directing a request to Aquila, 20 West Ninth Street, Kansas City, MO 64105, Attn: Investor Relations.
Participants in Proxy Solicitation
Great Plains Energy, Aquila and their respective executive officers and directors may be deemed to be participants in the solicitation of proxies relating to the proposed transaction. Investors and security holders may obtain more detailed information regarding the direct and indirect interests of Great Plains Energy, Aquila and their respective executive officers and directors in the proposed transaction by reading the joint proxy statement/prospectus.