Regulators Asked to Reconsider Rejection of Utility Sale

KSAL StaffMay 4, 2017

Kansas regulators are being asked to reconsider their rejection of the proposed sale of the state’s largest electric company to a Missouri firm.

Kansas City, Missouri-based Great Plains Energy Inc. and Topeka-based Westar Energy Inc. announced Thursday that they made the request in a petition filed with the Kansas Corporation Commission

Regulators said last month in rejecting the proposed sale that the $12.2 billion price was too high and would leave the combined utility financially weaker than the separate companies. Great Plains and Westar argued the deal would create nearly $2 billion in operating efficiencies over the next decade to keep electric rates in check.

The utilities are asking to have until the end of May to determine whether a revised transaction can be negotiated that resolves the commission’s concerns.]

Copyright © Rocking M Media, 2020. All Rights Reserved. No part of this story may be reproduced without Rocking M Media’s express consent.

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