The Average Payment Plan can help reduce your high bills in summer and winter and make it easier to manage your monthly bill. The plan allows you to pay a monthly bill on the average cost of your most recent 12-month period. The amount due may vary slightly month to month but if you were signed up for Average Payment, your bill for this month would have only been Label and then every bill in the coming months would be close to that same amount. It’s not too late to sign up for your Label bill.
For more information about the Average Pay Program and how it can help reduce high bill surprises, visit our Average Payment Plan page
Topeka, Kan., July 1, 2015 – Westar Energy (NYSE: WR) and the Kansas Corporation Commission agreed to a settlement June 30 that, if approved, would resolve the complaint filed with the Federal Energy Regulatory Commission by the KCC last year.
Through the agreement, Westar Energy’s transmission investment would have an authorized return on equity of 10.3 percent and provides for a refund of $10 million, reflecting the change in return retroactive to the KCC’s filing in August. Most residential customers would see a monthly savings of about 40 cents or less per month beginning in early 2016, pending FERC approval.
During the past decade, Westar has invested about $1.3 billion in the Kansas transmission grid.
“Transmission investment is critical to keep Kansas moving forward. A strong grid lets Kansas profit from its great wind resources, enables economic development and provides access to lower-cost electricity,” said Mark Ruelle, Westar Energy president and chief executive officer.
“I appreciate that through a constructive regulatory process we were able to reach an agreement that will maintain a return for our investors, allowing continued investment in our state’s infrastructure,” Ruelle said.
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Westar Energy, Inc. (NYSE: WR) is Kansas’ largest electric utility. For more than a century, we have provided Kansans the safe, reliable electricity needed to power their businesses and homes. Every day our team of professionals takes on projects to generate and deliver electricity, protect the environment and provide excellent service to our nearly 700,000 customers. Westar has 7,200 MW of electric generation capacity fueled by coal, uranium, natural gas, wind, solar and landfill gas. We are also a leader in electric transmission in Kansas. Our innovative customer service programs include mobile-enabled customer care, digital meters and paving the way for electric vehicle adoption. Our employees live, volunteer and work in the communities we serve.
For more information about Westar Energy, visit us on the Internet at http://www.WestarEnergy.com. Westar Energy is on Facebook: www.Facebook.com/yourwestar and Twitter: www.Twitter.com/WestarEnergy.
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