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Kansas Gas & Electric Co. Feb 09 Product Image

Kansas Gas & Electric Co. Feb 09

  • Published: February 2009
  • Region: Kansas
  • Standard & Poors

FEATURED COMPANIES

  • Kansas Gas & Electric Co.
  • Westar Energy Inc.
  • MORE

Abstract
Mostly regulated integrated utility; Recent constructive regulatory settlement; and Supportive rate-making mechanisms. Large capital expenditures concurrent with the economic recession; Weak cash flow measures; and Reliance on the current volatile capital markets. The ratings on Kansas Gas & Electric Co. (KG&E) are based on parent Westar Energy Inc. consolidated credit profile. The ratings also reflect the KG&E's excellent business profile and Westar's aggressive financial profile. As of Sept. 30, 2008, the Topeka, Kan.-based Westar had about $2.3 billion of total debt outstanding. Westar distributes electricity to approximately 675,000 customers in Kansas. The company also generates approximately 6,500 MW of electricity, using a fuel mix of about 80% coal and 14% uranium. The excellent business profile primarily reflects a mostly regulated...

Companies mentioned in this report are:
- Kansas Gas & Electric Co.
- Westar Energy Inc.

Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured READ MORE >

- Kansas Gas & Electric Co.
- Westar Energy Inc.

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