Corporation Commission Rejects Utilities' Plea for More Time
TOPEKA, Kan. (AP) — The Kansas Corporation Commission won’t allow Westar Energy and Great Plains Energy extra time to renegotiate a new merger.
After the commission in April rejected the proposed merger, the two companies filed a petition asking for extra time to revise the deal to meet commissioners’ expectations.
The Topeka Capital-Journal reports (http://bit.ly/2qLxlDs ) the commission rejected the request Tuesday. The commission’s staff has recommended the companies start an entirely new case for the merger.
Spokeswomen for both utilities said the companies are evaluating their options.
Westar spokeswoman Gina Penzig says appealing the decision to the Kansas District Court would be an option but that decision lies with Great Plains.
The commission rejected the proposed sale price was too high and would leave the combined utility financially weaker than the separate companies.
Related News
From Archive
- NTSB publishes preliminary report on fatal gas pipeline explosion in Lexington, Mo.
- 290-mile gas pipeline expansion proposed across Georgia, Alabama and South Carolina
- Ripple Fiber breaks ground on $140 million project, expanding into central Mass.
- City of Albuquerque halts fiber optic construction in response to damage, complaints
- Body retrieved day after fatal trench collapse at Bakersfield, Calif., job site
- Gehl and Mustang offer world’s largest skid loader
- Growing Pains and Gains
- Authorities investigating trench collapse that killed worker in Ashburn, Va.
- City of Albuquerque halts fiber optic construction in response to damage, complaints
- Pasadena, Calif., undergrounding project could take 500 years to finish
Comments