The Kansas Corporation Commission approved a settlement agreement that will cut electric rates for Westar customers by 66 million dollars annually. For the average residential customer, that equates to approximately 3.80 dollars per month. The settlement agreement also includes the Tax Cuts and Jobs Act bill credit to Westar customers of approximately 50 million dollar and up-front bill credits of approximately 23 million dollars based on the commission approved merger of Westar and Kansas City Power and Light earlier this year. In addition, in issuing today’s decision, the commission found the settlement agreement to be in the public interest, and that it will result in non-discriminatory, just, and reasonable rates that will enable Westar to continue to provide sufficient and efficient service.
