BULLETIN: Kansas Regulatory Commission's Staff Recommends Westar Rate Cut; No Effect On Rating Sep 05
- ID: 2040431
- September 2005
- Region: Kansas
- Standard & Poors
NEW YORK (Standard & Poor's) Sept. 9, 2005--Standard & Poor's Ratings Services said today that the recommendation by the staff of the Kansas Corporation Commission (KCC) in Westar Energy Inc.'s (BB+/Positive/-) pending rate case, which is not binding on KCC, will not affect the rating on Westar. Although the staff has endorsed important ratemaking principles, with modifications, the $41.5 million (6.9%) rate cut for Westar's southern region and an $11.2 million (2.1%) rate hike for the northern region fall significantly short of Westar's request. The company is seeking a $47.8 million (9.3%) increase for the company's northern region and $36.3 million (6.3%) for the southern area. A final KCC order is expected in December 2005. Should the KCC embrace the...
Companies mentioned in this report are: Westar Energy Inc.
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Westar Energy Inc.