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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