Salina, KS

Now: 59 °

Currently: Cloudy

Hi: 59 ° | Lo: 43 °

Westar and Great Plains formally ask KCC to approve merger

KSAL StaffAugust 26, 2017

Westar Energy and Great Plains Energy have formally asked the Kansas Corporation Commission to approve a merger between the two utility companies.

The companies submitted a filing to the KCC Friday, seeking formal approval of a $14 billion merger announced in July.

The Topeka Capital-Journal reports the merger request comes after the commission earlier this year rejected a proposal to allow Great Plains to buy Westar for $12.2 billion. The commission said the proposed sale price was too high and would leave the combined utility financially weaker than the separate companies.

The new transaction would require no cash exchange and no debt for the companies.

Great Plains Energy, the parent company of Kansas City Power & Light, is based in Kansas City, Missouri. Westar is the largest utility in Kansas.


Information from: The Topeka (Kan.) Capital-Journal, http://www.cjonline.com.

Copyright © Rocking M Media, 2019. All Rights Reserved. No part of this story may be reproduced without Rocking M Media’s express consent.

CATEGORIES :

COMMENTS

RELATED POSTS

Agreement is “Great Day For Salina”

October 23, 2017 4:22 pm

More Westar Crews Headed to Help in Florida

September 12, 2017 4:57 am

STAY IN TOUCH!

GET OUR APP!

LATEST POSTS

Rare Advanced Spotter Cla...
March 24, 2019Comments
Våffeldagen: Celebrating...
March 23, 2019Comments
Zoo Mourning Loss of Belo...
March 23, 2019Comments
Salina Lands State Baseba...
March 23, 2019Comments

LATEST TWEETS

Read all tweets
© 2007 - 2019 - EEO  - KDJM  - KABI  - KSAL-AM  - KSAL-FM  - KVOB  - KYEZ  - KZUH