Westar Energy to redeem 7 7/8% Quips

New York, March 17 - Westar Energy Inc. said it will redeem all the outstanding 7 7/8% cumulative quarterly income preferred securities, series A, issued by Westar Resources Capital I.

The Quips will be redeemed on April 16 at par of $25.00 plus accrued distributions of $0.0820313.

The Topeka, Kan., electric utility has $100 million of the securities outstanding.

Available cash will be used to fund the redemption.

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