Kansas regulators to rule on $12.2B Westar-Great Plains deal

By The Associated Press

Kansas regulators are preparing to decide whether the state's largest electric company can be acquired by a Missouri-based utility in a $12.2 billion deal.

 

TOPEKA, Kan. (AP) — Kansas regulators are preparing to decide whether the state's largest electric company can be acquired by a Missouri-based utility in a $12.2 billion deal.

The Kansas Corporation Commission planned to issue its order Wednesday afternoon.

Great Plains Energy of Kansas City, Missouri, says its acquisition of Westar Energy of Topeka would create nearly $2 billion in efficiencies over the next decade to keep electric rates in check.

Critics of the deal contend that Great Plains is paying too much for Westar. They argue that the combined company would be so fragile that regulators would be forced to boost rates to keep it stable.

The combined company would serve 1.5 million customers from central Kansas to central Missouri. Great Plains is the parent of Kansas City Power & Light Co.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs