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Kansas City, Mo. – Aquila Inc., which operates electric and natural-gas utilities in Missouri, Colorado, Iowa, Nebraska and Kansas, said Tuesday that federal authorities have cleared its proposed acquisition by utilities Great Plains Energy Inc. and Black Hills Corp.
Aquila serves 92,000 customers in Colorado. Great Plains, based in Kansas City, and Rapid City, S.D.-based Black Hills plan to acquire Aquila’s assets in separate transactions for a combined $2.6 billion.
The company said the Federal Trade Commission on Monday granted the companies early termination of the waiting period under the Hart-Scott-Rodino Antitrust Act for both acquisitions.
