Utilities ask Kansas regulators to reconsider rejection of sale

Kansas regulators are being asked to reconsider their rejection of the proposed sale of the state’s largest electric company to a Missouri firm.

Kansas City, Mo.-based Great Plains Energy and Topeka-based Westar Energy announced Thursday that they made the request in a petition filed with the Kansas Corporation Commission

Regulators said last month in rejecting the proposed sale that the $12.2 billion price was too high and would leave the combined utility financially weaker than the separate companies. Great Plains and Westar argued the deal would create nearly $2 billion in operating efficiencies over the next decade to keutilitiesep electric rates in check.

The utilities are asking to have until the end of May to determine whether a revised transaction can be negotiated that resolves the commission’s concerns.

This story was originally published May 4, 2017 at 10:39 AM with the headline "Utilities ask Kansas regulators to reconsider rejection of sale."