Wednesday, 26 July 2017
Login |  Register 
 
Find Products or Services in your local community
Call us to get YOUR text ad here
 
MSC News National Headlines U.S Health Tech Talk World Business Sports Top Headlines
KS Regulators Reject Westar Sale
04/19/2017

TOPEKA, Kan. (AP) —  Kansas regulators have rejected the proposed sale of the state's largest electric company to a Missouri-based utility for $12.2 billion.

The Kansas Corporation Commission issued an order Wednesday against the proposal from Great Plains Energy of Kansas City, Missouri, to buy Topeka-based Westar Energy.

Critics of the deal argued that Great Plains would be paying as much as $4.9 billion too much. They said the combined company would be so economically fragile that utility regulators would be forced to boost rates for its 1.5 million customers from central Kansas to central Missouri.

Both companies said the acquisition would create nearly $2 billion in efficiencies over the next decade and keep electric rates in check.

Great Plains is the parent of Kansas City Power & Light Co.

© Associated Press
You will need to be logged in to leave a comment.
Please Login

characters left

The posting of advertisements, profanity, or personal attacks is prohibited.
Click here to review our Terms of Use.



MOST VIEWED STORIES
Two Killed, Three Injured, in Brown Co Wreck
Mayetta Boy Dies Following Explosion
Car Wrecked and Burned; Driver Not Found
Six State Enforcement Includes the Local Area
Atchison City Manager Resigns
Funeral Set For Home Invasion Victim
Services Saturday For Local Plane Crash Victim
Injury Wreck Sends Effingham Woman To Hospital
Man Sentenced After Crash Kills 2 Relatives
Suspects in School Burglary Appear in Court
Click Here For All Stories

LATEST STORIES
Preliminary Report Outlines Details From Fatal Plane Crash
Maintaining Approved Cover Required on CRP Acreage
Another Attack on Prison Staff at Tecumseh
Atchison City Manager Resigns
Essential Oils Can Assist With Livestock Digestion
Dispatch Discussion Leads to County Wide Law Enforcement Conversation
Man Sentenced to Life for Murder of Cousin
County Votes to Take Over Dispatch Services
4-H Royalty Named in Doniphan County
Richardson Co Treasurer Applicants to be Interviewed
Click Here For All Stories

©2017 MSC News
Hiawatha, Ks 66434
EEO Public Report


Powered by Radio Media Group