Summary: Westar Energy Inc. Jun 11

Standard & Poors, June 2011

Abstract
The ratings on Topeka, Kan.-based electric utility Westar Energy Inc. reflect its consolidated credit profile including its regulated subsidiary Kansas Gas & Electric Co. (KG&E). The ratings also reflect the company's excellent business risk profile and its aggressive financial risk profile. As of Dec. 31, 2010, Westar had about $3.0 billion of total debt outstanding. The consolidated excellent business risk profile reflects the company's core strategy as a lower-risk regulated electric utility and its declining regulatory risk. Westar and KG&E distribute electricity to approximately 687,000 customers in Kansas. The company also generates approximately 6,800 megawatts (MW) of electricity, using a generation mix of about 76% coal, 16% nuclear, 7% gas, and 1% wind. Over the past two years, Westar has...

Companies mentioned in this report are: Westar Energy Inc.,Kansas Gas & Electric Co.
Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

Westar Energy Inc.,Kansas Gas & Electric Co.

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