Kansas regulators are threatening to halt the $12.2 billion sale of Topeka-based Westar Energy to Kansas City-based Great Plains Energy if they don’t get details on cost savings and other information.
Kansas Corporation Commission took no action at a meeting Tuesday. But an order warned that if merger standards aren’t met, possible action could include a request for dismissal of the merger application.
“We’re still evaluating the order … we want to be very thoughtful about how we read it and make sure that we’re understanding it clearly,” said Chuck Caisley, spokesman for Missouri-based Great Plains Energy and Westar. “We’re still committed to closing this transaction in the spring of 2017, and nothing in the commission’s order today changes that timeline.”
KCC staff raised concerns about what departments or functions would remain in the Topeka headquarters and how long the commitment to Topeka would last. The response from Great Plains Energy said specific departments, functions or a time period had not been determined.
Read more: St. Louis Post-Dispatch