Analyst Coverage

Investor Relations
Firm Analyst
BroadWall Capital Brian Russo
Credit Suisse First Boston Dan Eggers
Lehman Brothers Dan Ford
Merrill Lynch & Co. Steve Fleishman
Natexis Bleichroeder, Inc. Gordon Howald
Robert W. Baird & Co. David Parker
UBS Warburg LLC Ron Barone
Value Line Publishing, Inc. Paul Debbas

Aquila is followed by the analyst(s) listed above. Please note that any opinions, estimates or forecasts regarding Aquila's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Aquila or its management. Aquila does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.

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