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6/16/2006 5:13:00 PM -0400
Newstrack: The vice president of the Grand Rapids, Mich., school board slipped and fell 500 feet to her death at Yellowstone National Park in Wyoming. Weekend voting in Slovakia has given a leftist opposition party a minority victory that will require a fragile coalition among several other parties. U.S. and Iraqi troops began encircling the city of Ramadi on land and the Euphrates River Sunday in a bid to choke out the hotbed of insurgents. The Vatican and Chinese government have begun quiet talks over the fate of seven imprisoned elderly bishops, The Sunday Times of London reports. Britain is facing a critical shortage of available prison cells, with just 1,715 left from a national total of 79,500, the Sunday Times of London reports. Two experienced Oregon mountain climbers were hospitalized in fair condition Sunday after falling 450 feet on Mount Hood. A militant British Muslim imam says both Prime Minister Tony Blair and U.S. President George Bush are "legitimate targets" for terrorist attacks. The issue of ordaining known homosexuals as bishops was at the forefront of a national Episcopalian convention in Ohio Sunday. New Orleans police Sunday were investigating the shooting deaths of five male teenagers in a part of the city known for drug dealing. North Korea was poised Sunday to test-fire a missile after satellite imagery showed fueling had been completed, South Korea's Yonhap news agency reported.

NewsTrack

Aquila buys out tolling contract

KANSAS CITY, Mo., June 16 (UPI) -- Aquila Inc. of Kansas City, Mo., is paying a unit of Constellation Energy Group Inc. $218 million for its Elwood tolling contracts.

The contract obligations being purchased extend through August 2017, Aquila said Friday. Constellation assumes all responsibility for the Elwood tolling contracts. For Aquila, the $218 million payment will be a pretax charge to earnings.

"Removing this obligation allows us to achieve another milestone in our repositioning plan," said Richard C. Green, Aquila's chairman and chief executive officer.

Aquila runs electric power generation and electric and natural gas transmission and distribution utilities serving 1.2 million customers in Colorado, Iowa, Kansas, Minnesota, Missouri and Nebraska.


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