Salina, KS

Now: 80 °

Currently: Clouds

Hi: 87 ° | Lo: 66 °

Great Plains-Westar Acquisition Decision Expected April 24

KSAL StaffFebruary 8, 2017

The Kansas Corporation Commission is expected to decide by April 24 whether it will approve Great Plains Energy’s acquisition of Westar Energy.

The commission heard six days of testimony on the proposed $12.2 billion acquisition before ending the hearings Tuesday.

The Topeka Capital-Journal reports attorneys will present written briefs to the commission before commissioners make their decision.

Stockholders for both Missouri-based Great Plains and Topeka-based Westar overwhelmingly approved the deal in September, saying it would lead to lower electric rates.

But the commission’s staff, consumer advocates and others opposed the deal, contending it would cause closed plants and job losses.

If approved, the new company would serve 1.5 million customers from central Kansas to central Missouri. Great Plains is the parent company of Kansas City Power & Light Co.

Copyright © Meridian Media, 2022. All Rights Reserved. No part of this story may be reproduced without Meridian Media’s express consent.

CATEGORIES :

RELATED POSTS


STAY IN TOUCH!

GET OUR APP!

LATEST POSTS

App Helps Saline County B...
August 19, 2022Comments
Kansas Enjoying Significa...
August 19, 2022Comments
One Dead Following Stabbi...
August 19, 2022Comments
Hutch Cop Going to Court ...
August 19, 2022Comments

LATEST TWEETS

Read all tweets