Tuesday, 19 February 2019
Login |  Register 
 
Find Products or Services in your local community
 
MSC News National Headlines U.S Health Tech Talk World Business Sports Top Headlines
KS Regulators Reject Westar Sale
04/19/2017

TOPEKA, Kan. (AP) —  Kansas regulators have rejected the proposed sale of the state's largest electric company to a Missouri-based utility for $12.2 billion.

The Kansas Corporation Commission issued an order Wednesday against the proposal from Great Plains Energy of Kansas City, Missouri, to buy Topeka-based Westar Energy.

Critics of the deal argued that Great Plains would be paying as much as $4.9 billion too much. They said the combined company would be so economically fragile that utility regulators would be forced to boost rates for its 1.5 million customers from central Kansas to central Missouri.

Both companies said the acquisition would create nearly $2 billion in efficiencies over the next decade and keep electric rates in check.

Great Plains is the parent of Kansas City Power & Light Co.

© Associated Press
You will need to be logged in to leave a comment.
Please Login

characters left

The posting of advertisements, profanity, or personal attacks is prohibited.
Click here to review our Terms of Use.



MOST VIEWED STORIES
Local officer found dead identified Wednesday
Rural Falls City man arrested following Auburn robbery
Theft scheme nets two arrests
Investigation continues following Atchison pursuit
Wildlife investigation holds Atchison man
Hiawatha man arrested on child sex charges
Services set for local officer
Wathena man killed in Wednesday accident
Saturday wreck downs power lines
Easton shooting leads to search
Click Here For All Stories

LATEST STORIES
Pursuit turned crash injures one
Monday night fire claims one life
Extension approved for Johnson-Brock Principal
Two injured after a car and semi collide head-on
Friday fire leaves family homeless
Slick roadway leads to crash and arrest
Minor injuries after a car collides with tree
One fatality confirmed in Sunday fire
Public meeting scheduled on Highway 50 project
Positive audit report for Pawnee City
Click Here For All Stories

©2019 MSC News
Hiawatha, Ks 66434
EEO Public Report

Powered by Radio Media Group
162.158.79.65