WESTAR ENERGY, INC. (NYSE:WR) Files An 8-K Other EventsItem 8.01. Other Events.
As previously disclosed, on July 9, 2017, Westar Energy, Inc. (“Westar Energy”), Great Plains Energy Incorporated (“Great Plains Energy”) and certain other parties entered into an Amended and Restated Agreement and Plan of Merger (“Merger Agreement”). On August 25, 2017, Westar Energy and Great Plains Energy filed a joint application with the Kansas Corporation Commission (“KCC”) requesting approval of the transactions contemplated by the Merger Agreement.
On March 7, 2018, Westar Energy, Great Plains Energy, the KCC Staff, the Citizens’ Utility Ratepayer Board, or CURB, and certain other intervenors entered into a settlement agreement (the “Settlement Agreement”) to settle certain issues related to the joint application. The Settlement Agreement is subject to review and approval by the KCC.
Once available, the Settlement Agreement can be accessed on the KCC’s website. To access the agreement, visit http://www.kcc.state.ks.us, click “Docket Filings,” search for docket 18-KCPE-095-MER, click on the docket that is retrieved from the search results, click on the “Documents” tab and find the relevant document. The information contained on the KCC’s website is not part of, or incorporated by reference into, this filing.
About WESTAR ENERGY, INC. (NYSE:WR)
Westar Energy, Inc. (Westar Energy) is an electric utility in Kansas. The Company provides electric generation, transmission and distribution services to approximately 700,000 customers in Kansas. The Company provides these services in central and northeastern Kansas, including the cities of Topeka, Lawrence, Manhattan, Salina and Hutchinson. Kansas Gas and Electric Company (KGE), Westar Energy’s subsidiary, provides the services in south-central and southeastern Kansas, including the city of Wichita. Both Westar Energy and KGE conduct business using the name Westar Energy. It supplies electric energy at retail to customers in Kansas. It also supplies electric energy at wholesale to municipalities and electric cooperatives in Kansas, and has contracts for the sale or purchase of wholesale electricity with other utilities. The Company classifies it customers as residential, commercial and industrial. It has approximately 6,270 megawatts (MW) of generating capacity in service.
