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Bulletin: Westar Energy Inc.?s Rate Filing Does Not Affect Ratings May 08
Standard & Poors, May 2008
Abstract
NEW YORK (Standard & Poor's) May 28, 2008--Standard & Poor's Ratings Services said today that its ratings and outlook on Westar Energy Inc. (BBB-/Stable/--) are not affected following the company's recent rate filing with the Kansas Corporation Commission for a combined total rate increase of $177.6 million or about 15% for both its north and south regions. If approved, it would help sustain investment-grade credit metrics during Westar's heavy capital expansion program. The request is premised on a 10.95% ROE versus the currently allowed 10%. Rate relief is needed to recover investments made in generation, higher operating expenses, ice storm costs, and for recognition of Emporia Energy Center construction work in progress (CWIP) and wind CWIP. A final commission decision...
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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