Westar Returning $38 Million To Customers
Associated Press - March 23, 2015 8:10 am
Westar Energy will be sending rebates to customers after collecting $38 million too much last year.
The rebates, which will average about $1.26 a month, come from Westar’s Retail Energy Cost Adjustment rider, which pays for fuel for Westar’s generating plants.
The rebates were detailed in filings with the Kansas Corporation Commission.
A fuel charge means customers essentially pay the cost of Westar’s fuel, and the charge fluctuates every month. If Westar collects too much, customers get a rebate. If the utility collects too little, customers pay more.
In 2014, Westar charged customers just over $510 million for the fuel charge. But the company spent a little over $479 million.
Associated Press Information from: The Wichita Eagle