Summary: Kansas Gas & Electric Co. Apr 11

Standard & Poors, April 2011

Abstract
Standard & Poor's Ratings Services' rating on Kansas Gas & Electric Co. (KG&E) reflects the consolidated credit profile of parent Westar Energy Inc. The rating also reflects the companies' excellent consolidated business risk profile and aggressive consolidated financial risk profile. As of Dec. 31, 2010, Westar had about $3.0 billion of total debt outstanding. The excellent business risk profile reflects Westar'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 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 and KG&E have demonstrated an...

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

Kansas Gas & Electric Co.,Westar Energy Inc.

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