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
- Fatal trench collapse halts sewer construction in Massachusetts; two workers hospitalized
- Alaska LNG pipeline could require 7,000 workers at peak construction, developers say
- Ohio trench collapse kills one worker, injures two during pipe installation
- Elon Musk's Boring Co. fined for dumping drilling waste into Vegas sewer system
- $1.4 billion Midwest pipeline expansion to move more Canadian oil to U.S. Gulf
- Glenfarne Alaska LNG targets late-2026 construction start for 807-mile pipeline project
- Fatal trench collapse halts sewer construction in Massachusetts; two workers hospitalized
- Massive water line failure leaves majority of Waterbury without service
- Infrastructure failure releases 100,000 gallons of wastewater in Houston; repairs ongoing
- Pennsylvania American Water launches interactive map to identify, replace lead water service lines
Comments