in News Departments > New & Noteworthy
print the content item

Topeka, Kan.-based Westar Energy Inc. has announced that all parties to its Kansas retail rate case have agreed to a settlement. The settlement - subject to the execution by all parties of a definitive settlement agreement and subsequent approval by the Kansas Corporation Commission (KCC) - provides for a $130 million annual increase in rates and addresses other issues identified in the company's rate case filing.

The settlement represents an overall increase in rates of 11%, which is lower than the company's requested increase of 15%. The settlement does not address the issue of consolidating the rates of Westar Energy North and Westar Energy South. That matter will be reserved for a hearing. The parties expect to file the executed settlement agreement - which will set forth the terms of the settlement - with the KCC in the next few days.

Included in the settlement is a recognition of Westar's significant investment in new generating facilities, including wind energy. However, it requires Westar to forego any incentive return on that wind investment, something the company had again sought in its application.

In the next several days, the KCC will establish a procedural schedule to consider the approval of the settlement agreement.

SOURCE: Westar Energy Inc.


Trachte Inc._id1770
Latest Top Stories

Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.


Texas Comptroller Attacks Wind Power, And Industry Fights Back

Texas Comptroller Susan Combs recently released a report calling for an end to wind power subsidies. The Wind Coalition has responded, saying the report is riddled with misinformation.


How To Mitigate Blade Issues And Costly Downtime

Routinely inspecting your turbine's blades can help identify problems early on, ultimately cutting down unscheduled maintenance costs.

Canwea_id1984
Renewable NRG_id1934