TOPEKA, Kan., May 23, 2005 (PRNewswire-FirstCall) — Westar Energy, Inc. and the Federal Energy Regulatory Commission have reached a settlement regarding FERC’s investigation into energy trades made in 2002 involving Cleco Corp., information sharing between the Westar’s transmission and wholesale functions and certain postings regarding a business manager’s activities and other matters on Westar’s OASIS website, which contains transmission information.
In its order approving the agreement, FERC said, “Staff found no actionable violations by Westar resulting from such trades.” As part of the agreement, Westar Energy will follow a three-year plan to ensure compliance with FERC rules. No fines were levied. The settlement was neither a finding of wrongdoing by FERC nor an admission by Westar.
About Westar Energy [ www.wr.com ]
Westar Energy, Inc. is the largest electric utility in Kansas, providing electric service to about 655,000 customers in the state. Westar Energy has nearly 6,000 megawatts of electric generation capacity and operates and coordinates approximately 33,000 miles of electric distribution and transmission lines.