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    You are at:Home»State News»KCC to study Westar’s shareholder return

    KCC to study Westar’s shareholder return

    0
    By KMAN Staff on February 15, 2012 State News

    TOPEKA, Kan. (AP) Kansas Corporation Commission members say they will scrutinize Westar Energy’s contention that its shareholders need to make a 10 percent return on their investment in the utility.

    The issue was raised during testimony Monday and Tuesday concerning the utility’s request for a rate increase.

    A settlement reached between Westar, the KCC staff and the company’s large commercial and industrial customers would give Westar a $50 million rate increase. The request includes a shareholder return of 10 percent. The utility says it needs that rate to attract and keep investors.

    A consumer advocacy group is challenging the proposed settlement, which would raise residential utility bills between 5 and 6.5 percent.

    The Wichita Eagle reports the commission is required to set Westar’s new rates by April 23.

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