Westar Energy Acquisition
Great Plains Energy and Westar Energy: Creating a Leading Midwest Energy Utility
The proposed combination of Great Plains Energy and Westar Energy creates a strong company committed to delivering superior value to shareholders by improving our ability to serve customers, meeting the region’s energy needs, and achieving improved and more stable, long-term financial returns.
By combining with Westar Energy, Great Plains Energy will be better positioned to deliver superior shareholder value than it would on a standalone basis.
Delivering Significant Anticipated Benefits for Customers and Communities in Kansas and Missouri
- Positioned to deliver more competitive rates to customers and committed to superior customer service and reliability. Together, Great Plains Energy and Westar will be better positioned to deliver more competitive rates than either company can achieve on its own. In addition, future cost savings are expected to mitigate future rate increases.
- Trusted neighbors responsive to regulators, customers and employees and committed to supporting local communities. Both Great Plains Energy and Westar take great pride in having operated in Kansas for over 100 years. Kansas has been critical to the success of our organizations and we have developed strong relationships with the communities and customers we serve. The combined company will maintain its level of community involvement and charitable contributions.
- Provides robust platform to pursue sustainable growth opportunities while meeting the region's energy needs. With the addition of Westar’s generation fleet, Great Plains Energy will have a more diverse and sustainable generation portfolio. This will provide increased flexibility to mitigate the potential customer impacts from future carbon regulation.
Driving Significant Opportunities for Savings and Growth
By combining with Westar Energy, Great Plains Energy will be better positioned to drive growth and enhance value for shareholders. Specifically, the transaction delivers compelling financial benefits, including:
Important Additional Information Regarding the Transaction:
- Press releases
o Great Plains Energy and Westar Energy Shareholders Approve Merger Related Proposals at Special Shareholder Meetings
o Great Plains Energy to Acquire Westar Energy, Creating Long-Term Value for Shareholders and Cost Savings for Customers
o Great Plains Energy and Westar Energy Schedule Special Shareholder Meetings
- Definitive proxy materials
- Shareholder letter
o September 2016 Presentation
o June 2016 Presentation
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