The Salina Journal from Salina, Kansas on October 24, 1996 · Page 6
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The Salina Journal from Salina, Kansas · Page 6

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Salina, Kansas
Issue Date:
Thursday, October 24, 1996
Page:
Page 6
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I AB THURSDAY, OCTOBER 24, 1996 GREAT PLAIIMS THE SALINA JOURNAL V UTILITY RATES KPL rates may be lowered KCC hasn't decided how to divide $10 million in rate cuts By LEW FERGUSON The Associated Press TOPEKA — Western Resources and staff of the Kansas Corporation Commission announced agreement Wednesday on a $75 million rate reduction for KPL and KGE customers, to be spread over four years. The agreement also calls for two one-time rebates to retail customers totaling another $10 million. The agreement was reached among Western, which supplies electricity in Kansas through its two operating divisions, KPL and KGE; the commission staff, Citizens Utility ratepayers Board and the city of Wichita. KPL serves Salina. Customers of KGE, the former Kansas Gas & Electric Co. of Wichita, will get $65 million of the reduction, while those of KPL, the former Kansas Power and Light Co. of Topeka, will get $10 million. Western Resources said the cuts would put KGE's rates 10 percent below the national average. KPL's rates are 28 percent below the national average, and that is why the bulk of the reduction went to KGE customers, said Michel' Philipp, Western's spokeswoman. Western first proposed in August 1995 a reduction of nearly $78 million over two years in conjunction with its proposed merger with Kansas City Power & Light light Truck Radlals Surefooted Mile After Mile RUGGED. Unique patented, Durashield™ construction Tire Co., a merger Western still is pursuing despite opposition from KC- PL management. The new rate agreement, if approved, clears an impediment to the Western-KCPL merger. Western said the agreement "supports projected earnings calculations in Western Resources' merger plans with KCPL, and requires no change in previously- filed financial projections regarding that transaction." The rate reduction agreement still must be approved by the three-member KCC, which is scheduled to open technical hearings on the reduction on Nov. 5. The commission rejected a prior agreement three weeks ago, but said it would entertain a revised agreement calling for rate reductions of $71 million to $96 million. If the commission accepts the agreement, the Nov. 5 hearings will focus on rate structure changes to put the rate reductions into effect. If the commission rejects the new agreement, the hearings will deal both with size of the reduction and the revised rate structure to put it into effect. "The agreement...accommodates the interest of all parties while allowing our company to remain financially strong," said John F. Hayes Jr., Western Resources' chairman and chief executive officer. AMERICAN FAMILY INSURANCE AUTO HOME BUSINESS HEALTH LIFE • Home • Health •Auto •Life Daran Neuschafer 827-5150 1528 E. Iron Here are terms of the agreement: • An $8.7 million interim rate reduction which began in May for KGE customers becomes permanent. • KGE electric customers get another $36.3 million reduction next February, and KPL electricity customers get a $10 million cut at that time. • In June 1998 and June 1999, KGE electric customers receive an additional $10 million reduction. • In both January 1998 and January 1999, retail electric customers on both systems will get one-time rebates of $5 million. "5*\ "A T-*ersonalization v /^onograms <jjf For Christmas! 'Snu It With Thread' 252-8 S. Santa Fe Salina 800-282-4055 Friday Oct. 25, 10:30 AM -12:30 PM Call for Free Tlcket(8) 825-6273 corner of South & Clark, Salina CO. Don't Miss These Great Prices In Downtown Salinal FINAl WEEI ,' J if: "'SGhlldreh's Hundreds of Ladies' Shoes r* and less SALE ENDS Thurs. October 31 This Season's Biggest Shoe Sale Athletic Stales at Outlet Prices 100'S OF PAIRS! •NIKE REEBOK •FILA Men's & Ladies' Rockports i| ! SOFT SB ENTfRl $10 off regular price, expires 10-31 MM mm MM i •96 $10 off regular price, expires 10-31-96 Wj^stsfQs&GSiit&ttVfiif&s&^xyt^ BEADED JACKETS GLAMOROUS, VALUE PRICED FASHION FOR EVENINGS IN MISSES, PETITES AND WOMEN'S SIZES! AND THE BEST SELECTION Is ALWAYS AT DILLARD'S! Long jacket in black with all-over black vermicelli beading and gold fireworks pattern border. Migses S»XXL. Women's World lx-3^ $99. Black bolero jacket has bright miiltieolov ?o»ff tti pattern beads and black beaded fringe trim, Misses $&)&, LAURENCE KAZAR Black beaded style has a bright multicolor floral border, Misses. S-XXL and petites PP-PL. Women's World $99, Women's World sizes, $99 Dillani's For Your Convenience We Accept Visa, MasterCard, American Express, Discover, Carte Blanctie, Diner's Club Or Your Dillard's Charge INTEGRITY. . .QUALITY. . .VALUE. . .DISCOVER THE DIFFERENCEI SHOP TODAY 10 A.M. - 9 P.M.

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