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BULLETIN: Westar Energy's Rate Filing Does Not Affect Rating May 05
Standard & Poors, May 2005
Abstract
NEW YORK (Standard & Poor's) May 2, 2005--Standard & Poor's Ratings Services said today that Westar Energy Inc.'s (BB+/Positive/--) rate filing with the Kansas Corporation Commission (KCC) was expected, and will not affect its rating or outlook on the company. However, a responsive rate decision, which is expected in December 2005, together with Westar's continued credit-supportive actions, might enable the company to achieve and sustain investment grade credit metrics. Westar is seeking a $47.8 million (9%) electric rate hike, and subsidiary Kansas Gas & Electric Co. (BB+/Positive/--) is requesting a $36.3 million (6%) rate increase. The application is one of the final steps of a plan agreed to with the KCC in July 2003. The rate hike would be the...
Companies mentioned in this report are: Westar Energy Inc.,Kansas Gas & Electric Co.
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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