S&P: Westar Energy unchanged

Standard & Poor's said that the Kansas Corporation Commission's (KCC) rate order reconsideration for Westar Energy Inc. (BB+/positive) does not affect the ratings or outlook on the company.

The KCC declined to modify, among other things, the 10% ROE, the treatment of wholesale sales margins and merger savings allocation, the agency noted.

However, the initial adoption of certain important rate-making mechanisms, including a fuel adjustment clause and an environmental cost recovery rider, coupled with management's continued credit supportive actions may still lead to higher ratings in the foreseeable future, although on a more delayed basis, S&P added.

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