Kan. Regulators Grant Westar $50M Rate Increase

By: AP Posted by Josh Mabry, 13 News
By: AP Posted by Josh Mabry, 13 News

TOPEKA, Kan. (AP/WIBW) _ 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 multi-party agreement approved
Wednesday by the Kansas Corporation Commission.

The agreement allows Westar shareholders to earn a 10 percent
profit on their investments. Westar says the extra revenue will
also help it maintain customer services, including tree pruning.

Westar collected more than $2-billion in revenue last year. About $229-million of the total revenue was profit.

Westar originally sought a rate increase of $91 million, while
the Corporation Commission staff recommended a hike of $33 million.

(Copyright 2012 by The Associated Press. All Rights Reserved.)


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