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Westar Energy Inc. May 10
Standard & Poors, May 2010
Mostly regulated integrated utility Supportive rate-making mechanisms Cash flow diversity Decreasing regulatory risk High leverage ratio Historically weaker than expected cash flow measures The ratings on Topeka, Kan.-based 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 profile and its aggressive financial profile. As of Dec. 31, 2010, Westar had about $2.7 billion of total debt outstanding. Westar distributes electricity to approximately 685,000 customers in Kansas. The company also generates approximately 7,100 megawatts (MW) of electricity, using a fuel mix of about 77% coal, 15% nuclear, 7% gas, and 1% wind. The excellent business profile reflects the company's core regulated strategy that has...
Companies mentioned in this report are: Westar Energy Inc.,Kansas Gas & Electric Co.
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: Full Analysis
Westar Energy Inc.,Kansas Gas & Electric Co.