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BULLETIN: Kansas Regulatory Staff's Rate Cut Recommendation Does Not Affect Westar Rating Oct 05
Standard & Poors, Oct 2005
Abstract
NEW YORK (Standard & Poor's) Oct. 6, 2005--Standard & Poor's Ratings Services said today that although the recommendation by the Kansas Corporation Commission's (KCC) staff in Westar Energy Inc.'s (BB+/Positive/-) pending rate case is punitive, the recommendation will not affect the rating or outlook on the company. The staff's endorsement is not binding on the KCC, which is expected to issue an order in December 2005. The staff's initial publicly announced proposal of a $30 million rate cut is actually a decrease of $66 million, because it did not include a $36 million rate credit related to wholesale sales that will be made to customers through Westar's proposed fuel adjustment clause. The company is seeking an $84 million revenue increase....
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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