ILA Aquila

 CUSIP Number-03840P102

 Event Requiring Filing -December 2005

 Filed pursuant to Rule 13d-1(b)

 CUSIP Number 03840P102

 Reporter- Kinetics Asset Management, Inc.
 Tax ID#13-3878346

 Place of Organization-New York

 Number of Shares-sole voting power-26,189,536
 Sole dispositive power-26,189,536
 Amount beneficially owned-26,189,536


 Percent of Class represented by above-6.97%

 Type of Reporting Person-IA

Name of Issuer-Aquila Inc.
Address of Issuer-20 West Ninth Street, Kansas City, Mo 64105

Name of Person Filing-Kinetics Asset Management, Inc.
Address -470 Park Avenue South, 4th Floor South, NY, NY, 10016
Citizenship-New York
 Securities Class-common stock

Filing re Section 240.13d-1(b) by investment
adviser under Section 240.13d-1(b)(1)(ii)(E).
Amount beneficially owned-26,189,536
Percent of class-6.97%
sole voting power-26,189,536 shares
shared power to vote or direct the vote-0
sole power to dispose/direct the disposition-26,189,536
shared power to dispose/direct the disposition-0

Certification pursuant to Section 240.13d-1(b):
 By signing below I certify that, to the
best of my knowledge and belief, the securities
referred to above
 were not acquired and
are not held for the purpose of or with the effect of
 changing or influencing the control of
the issuer of the securities and were not acquired
and are not held in connection with or
as a participant in any transaction
having that purpose or effect.

After reasonable inquiry and to the best of
 my knowledge and belief, I certify that the
information set forth in this statement is
 true, complete and correct.

Date-February 27, 2008
Signature-Andrew M. Fishman
Title- chief Compliance Officer