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CEO: Westar-Great Plains merger plan to be filed this month

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By on State News
An older transmission power track and power line stands tall against a Kansas sunset north of Topeka, Kan., Thursday, June 10, 2008. Two competing utilities, ITC Great Plains and Westar Energy are vying to build a new power system to stretch across the state that would give six times more capacity than the present systems. According to government officials the upgraded systems will be needed to help fully harness wind power generation. (AP Photo/Chuck France)
Kansas Corporation Commission members Shari Albrecht, left; Pat Apple, center, and Jay Emler, right, huddle to discuss the handling of documents containing financial information before a hearing on a proposal from Missouri-based Great Plains Energy to buy Kansas-headquartered Westar Energy on Jan. 30 in Topeka. (AP Photo/John Hanna)

TOPEKA — The CEO of Westar says the utility and Great Plains Energy will file their new merger plan with Kansas regulators later this month.

CEO Mark Ruelle says meetings will be scheduled later this year for a shareholder vote on the proposal.

Ruelle updated investors Wednesday on the second plan to combine the utilities. The Kansas Corporation Commission rejected a proposal in April for the $12.2 billion sale of Westar to Great Plains.

Ruelle says paperwork will be filed with state and federal entities by the end of August.

The Topeka Capital-Journal reports the goal is to complete the agreement in the first half of 2018.

Great Plains Energy, the parent company of Kansas City Power & Light, is based in Kansas City, Missouri. Westar is the largest utility in Kansas.

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