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BULLETIN: Kansas Court Reverses Parts Of Westar's Rate Order; No Effect On Rating Jul 06
Standard & Poors, July 2006
Abstract
NEW YORK (Standard & Poor's) July 10, 2006--Standard & Poor's Ratings Services said today that the Kansas Court of Appeals rejection of parts of the Kansas Corporation Commission's (KCC) December 2005 rate order for Westar Energy Inc. (BB+/Positive/--) does not immediately affect the company's ratings or positive outlook. However, if reconsideration leads to a material rate reduction or customer refund, upside credit potential for Westar could be limited. The concerns raised focus on transmission delivery charges, recovery of terminal net salvage in depreciation rates, and other technical issues. The issues remanded to the KCC can be resolved through a proceeding before the KCC or the various parties, including Westar, the KCC, and consumer advocates, can appeal to the Kansas Supreme...
Companies mentioned in this report are: Westar Energy Inc.
Action: Bulletin
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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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