Quantcast

KCC approves Westar/Kansas City Power and Light merger - KOAM TV 7

KCC approves Westar/Kansas City Power and Light merger

KCC approves Westar/Kansas City Power and Light merger

Updated:

Topeka - This afternoon, the Kansas Corporation Commission (KCC) approved a settlement agreement giving Westar Energy and Great Plains Energy (the parent company of Kansas City Power and Light) approval to merge as equals.

Under the agreement, the two companies will become wholly owned subsidiaries of a new parent company and serve more than 1.5 million customers in Kansas and Missouri.

As the regulator of public utilities in the state, the Commission is charged with determining if the merger is in the public interest. That determination is made largely on the satisfaction of eight merger standards previously established by the Commission.

In its review of the merger standards, the Commission found the merger, as modified by the Settlement Agreement plus one additional condition, is in the public interest. The additional condition requires the companies to develop, and submit for Commission approval, an Integrated Resource Plan (IRP) reporting process within three months of the close of the transaction. The implementation of the IRP will ensure the merger maximizes the use of Kansas energy resources.

The merger standards include:

a) The effect of the transaction on consumers

b) The effect of the transaction on the environment

c) Whether the proposed transaction will be beneficial on an overall basis to state and local economies and to communities in the area served by the resulting public utility operations in the state.

d) Whether the proposed transaction will preserve the Commission's jurisdiction and capacity to effectively regulate and audit public utility operations in the state.

e) The effect of the transaction on affected public utility shareholders.

f) Whether the transaction maximizes the use of Kansas energy resources.

g) Whether the transaction will reduce the possibility of economic waste.

h) What impact, if any, the transaction has on the public safety.

Today's order can be viewed at: <http://estar.kcc.ks.gov/estar/ViewFile.aspx?Id=4ab19c7e-9957-40f1-8fb6-dd49aad0966f>

The merger application was filed with the Commission on August 25, 2017. Statutorily the Commission is required to render a decision within 300 days. The parties have the right to file a petition for reconsideration within 15 days of the effective date of the order.

  • NewsMore>>

  • Pittsburg City Officials Set Budget that Includes Pay Raises

    Pittsburg City Officials Set Budget that Includes Pay Raises

    Tuesday, August 14 2018 10:49 PM EDT2018-08-15 02:49:16 GMT

    Pittsburg City commissioners Tuesday night unanimously approved the 2019 budget.     

    More >>

    Pittsburg City commissioners Tuesday night unanimously approved the 2019 budget.     

    More >>
  • Kansas Governor Concedes Defeat in GOP Race for Nomination

    Kansas Governor Concedes Defeat in GOP Race for Nomination

    Tuesday, August 14 2018 9:14 PM EDT2018-08-15 01:14:31 GMT

    The state of Kansas now has a Republican nominee for Governor. What has been a roller coaster primary between Kansas Governor Jeff Colyer and Secretary of State Kris Kobach, Colyer announced today he is conceding defeat and is endorsing Kobach. Kobach will face the Democratic nominee Laura Kelly.  Governor Colyer was elevated from his position after former Kansas Governor Sam Brownback took an ambassador's position. 

    More >>

    The state of Kansas now has a Republican nominee for Governor. What has been a roller coaster primary between Kansas Governor Jeff Colyer and Secretary of State Kris Kobach, Colyer announced today he is conceding defeat and is endorsing Kobach. Kobach will face the Democratic nominee Laura Kelly.  Governor Colyer was elevated from his position after former Kansas Governor Sam Brownback took an ambassador's position. 

    More >>
  • A Missouri Man is Indicted for Bomb Threat at VA Clinic

    A Missouri Man is Indicted for Bomb Threat at VA Clinic

    Tuesday, August 14 2018 7:50 PM EDT2018-08-14 23:50:03 GMT
    A Springfield man was indicted by a federal grand jury today (Aug 14, 2018) for making a bomb threat at a Veterans Affairs Clinic. 48-year-old Richard Leslie Turner III allegedly threatened to blow up the Community Based Outpatient Clinic located at 600 N. Main Street in Mount Vernon, Missouri. According to an affidavit filed in support of the original criminal complaint, Turner arrived at the clinic on July 13th, 2018, for an appointment but was told the appointment had be...More >>
    A Springfield man was indicted by a federal grand jury today (Aug 14, 2018) for making a bomb threat at a Veterans Affairs Clinic. 48-year-old Richard Leslie Turner III allegedly threatened to blow up the Community Based Outpatient Clinic located at 600 N. Main Street in Mount Vernon, Missouri. According to an affidavit filed in support of the original criminal complaint, Turner arrived at the clinic on July 13th, 2018, for an appointment but was told the appointment had be...More >>
Powered by Frankly

KOAM - Licensed to Pittsburg, Kansas
Send tips, ideas and press releases to: tips@koamtv.com
Send newsroom questions or comments to: comments@koamtv.com
Phone: (417) 624-0233 or (620) 231-0400
Web comments or questions: webmaster@koamtv.com
Newsroom Fax: (417) 624-3158

Powered by Frankly, Inc. All content © Copyright 2000 - 2018 KOAM. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.