Kansas regulatory authorities of the reorganization of command Westar Energy
State regulators markets Friday commissioned a radical reorganization of Westar Energy and the company within a short leave funds for the protection of electrical 647000 Kansas customers.
The Kansas Corporation Commission has ordered Westar to craft a plan to reduce its $ 3.6fbillion, without prejudice to their obligations and recovery operations.
In addition, the company has ordered its separate its businesses other electrical companies, to keep money nonutility ventures in addition to unload supply companies.
Until plans are in place, Westar is required for approval of the Commission to transfers between each of their departments or outside any nonutility investments of more than $ 100000.
In a written response, Westar said it “hopes that the Commission” in achieving their goals.
The mandate comes a day after David Wittig, Westar’s President, Chairman and Chief Executive, occurred after his indictment on federal charges of bank fraud, money laundering and conspiracy.
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