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BULLETIN: Kansas Regulators' Rate Reconsideration For Westar Does Not Affect Rating Feb 06
Standard & Poors, Feb 2006
Abstract
NEW YORK (Standard & Poor's) Feb. 16, 2006--Standard & Poor's Ratings Services said today that the Kansas Corporation Commission's (KCC) rate order reconsideration for Westar Energy Inc. (BB+/Positive/--) does not affect the ratings or outlook on the company. As expected, the order did not result in additional meaningful rate relief. The KCC declined to modify, among other things, the 10% ROE, the treatment of wholesale sales margins, and merger savings allocation. However, the initial adoption of certain important rate-making mechanisms, including a fuel adjustment clause and an environmental cost recovery rider, coupled with management's continued credit supportive actions may still lead to higher ratings in the foreseeable future, although on a more delayed basis....
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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