We appreciate the commission welcoming a different way to combine these two companies, preserving the unique value available only through this particular business combination.”
“We are confident we have addressed the regulatory concerns with our originally proposed transaction. “The logic of combining these two companies is compelling,” Mark Ruelle, president and CEO of Westar said in a statement. The announcement comes two months after Kansas regulators shot down Missouri-based Great Plains’ proposal to acquire the Kansas utility in a $12.2 billion sale. (CN) – Westar Energy and Great Plains Energy announced an equal-merger deal Monday that would create a new $14 billion utility serving Kansas and Missouri.
