30 May '18, 7pm

Merger Creates One of the Largest Wind Power Providers in US

Merger Creates One of the Largest Wind Power Providers in US

The Kansas Corporation Commission originally denied the companies’ request to combine in April of 2017. This revised agreement involves no transaction debt, no exchange of cash, and is a stock-for-stock merger of equals, creating a company with a combined equity value of approximately $15 billion. The merger was approved by shareholders of both companies in November of 2017. The newly-formed business will be called Evergy, Inc. Its principal business will be conducted by the operating companies known today as Westar and KCP&L. “As neighbors, KCP&L and Westar have served customers in Kansas and Missouri for more than 100 years. This merger allows us to be even more efficient as we continue providing excellent customer service while maintaining competitive prices,” said Terry Bassham, chairman and chief executive officer of Great Plains Energy, who will be president and CEO ...

Full article: https://www.renewableenergymagazine.com/wind/merger-creat...

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