Westar Seeking Cost Update That Could Reduce Rates
Associated Press - June 23, 2016 4:32 pm
The proposed $12.2 billion merger of Kansas-based Westar Energy with Missouri-based Kansas City Power & Light could be at the mercy of Missouri utility regulators whose staff has recommended the deal be rejected.
Westar Energy is seeking a change in its transmission costs that would reduce customers’ rates by about $18 million.
In March, the Kansas Corporation Commission approved a $25 million increase to the utility’s transmission delivery system. That came a day after the Federal Energy Regulatory Commission approved a settlement between Westar and the KCC after determining the company collected too much money from customers.
Those two decisions prompted Westar to update its transmission costs Tuesday, reducing charges to customers by $18 million.
Westar spokeswoman Gina Penzig says the when customers see the reduced costs will depend on when the KCC acts on the utility’s request. She says if the request is approved, customers in average households should save about $1.50 a month.
Associated Press information from: The Topeka Capital-Journal