TOPEKA — Yes, it’s been a cool summer. But that’s not so hot for Westar Energy.
The Kansas utility has announced its earnings will be lower than expected. Westar said that this summer is the coolest in more than 30 years, which has cut sales of electricity for summertime air-conditioning. Wholesale energy prices are at their lowest level in a decade and there are fewer markets for power, Westar said. The utility is cutting the number of employees in its energy marketing division.
