Thursday, November 22, 2012

Westar Energy seeks $19.7M rate increase - The Business Journal of Milwaukee:

burdukovahycel.blogspot.com
million, or 1.5 percent. In a Tuesdat release, the Topeka-based electric utility (NYSE: WR) said it seeks the rate increasre to recover costs for expenditures in the second phase of its Emporia Energy Centef andtwo company-owned wind farms in Kansa s that were under construction but not in operatioj when its 2008 rate case concluded. The if approved by the KCC, woulde mean a $9.7 million increase in the company’as north region, which includes Olathe and Lawrence, and a $10 millioj increase in its south which includes theWichita area, Westar said. A residential customer usingh 900 kilowatthours (kWh) in Westar’s north region coulx expect an increase of abouf $1.
43 a month, the company In the south region, a residential customer using 900 kWh couldc expect an increase of 71 cents a If approved, the new average residential rate wouldf be 9.33 cents per kWh for Westar’s nortuh region and 9.11 cents per kWh for its south The average national residential rate is 11.52 cents per kWh, the companh said. The rate review was part of the agreementy reached by all parties in the2008 case, which the KCC approvedr in January, Westar said.
“Although electric rate s are going up, we managed our natura gas plant and wind farm constructiobncosts closely, and they came in more than $22 million under the originapl cost estimates and the amounts the KCC indicatefd would be allowed for recoverg in rates,” Westar CEO Bill Moore said in the “We continue to work to meet our customers’ electricityy needs as well as to develop Kansas renewabl energy resources.” Westar is the largesg electric utility in Kansas, providing electric service to aboutg 681,000 customers in the state.
It also has about 6,80 megawatts of electric generation capacity and operates and coordinates morethan 35,00 0 miles of electric distribution and transmission

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