Regulators Reviewing Westar Rate Settlement
Associated Press - September 26, 2013 4:25 am
Westar Energy and Great Plains Energy have formally asked the Kansas Corporation Commission to approve a merger between the two utility companies.
Kansas regulators are reviewing a proposal to let the state’s largest electric company raise rates for residential customers by an average of $3 a month.
The Kansas Corporation Commission’s hearing Thursday focuses on a settlement involving Westar Energy and representatives of its customers. The deal would let Westar boost overall rates by about $31 million annually, or less than 2 percent.
The company had proposed a slightly higher overall increase, mostly to pay for environmental upgrades at its La Cygne power plant in eastern Kansas.
But it also wanted to shift about $50 million in charges to residential customers and small businesses from larger businesses and public schools. Under the settlement, it would drop that idea.
Westar has nearly 700,000 customers in Kansas.