Great Plains-Westar acquisition decision expected April 24

TOPEKA, Kan. (AP) — The Kansas Corporation Commission is expected to decide by April 24 whether it will approve Great Plains Energy’s acquisition of Westar Energy.

The commission heard six days of testimony on the proposed $12.2 billion acquisition before ending the hearings Tuesday.

The Topeka Capital-Journal reports attorneys will present written briefs to the commission before commissioners make their decision.

Stockholders for both Missouri-based Great Plains and Topeka-based Westar overwhelmingly approved the deal in September, saying it would lead to lower electric rates.

But the commission’s staff, consumer advocates and others opposed the deal, contending it would cause closed plants and job losses.

If approved, the new company would serve 1.5 million customers from central Kansas to central Missouri. Great Plains is the parent company of Kansas City Power & Light Co.


Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s