LAWFUEL – Press Release Service – Britton Gibson and Brendan Rittel recently assisted Aquila, Inc. (NYSE: ILA) in the successful assignment of the Elwood tolling contracts to Constellation Energy Commodities Group, Inc., a subsidiary of Constellation Energy. Pursuant to the transaction, Aquila paid the Constellation subsidiary $218 million to assume the obligations of the contracts that extend through August 2017. This transaction effectively eliminates approximately $405 million in fixed financial obligations.
“Removing this obligation allows us to achieve another milestone in our repositioning plan,” said Richard C. Green, Aquila’s chairman and chief executive officer.
