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Westar Energy Granted Rate Increase
( AP ) Kansas regulators have granted Westar Energy a $50 million rate increase that will add an average of $3.54 a month to residential customers’ bills.
Topeka-based Westar is the state’s biggest electric utility. The increase was contained in a multiparty agreement approved Wednesday by the Kansas Corporation Commission.
The agreement allows Westar shareholders to earn a 10 percent profit on their investments. Westar said the extra revenue also will help it maintain customer services, including tree pruning.
Westar originally sought a rate increase of $91 million, while the corporation commission staff recommended a hike of $33 million.
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Hiawatha, Ks 66434