Testimony Before the Kansas Corp. Comm. on the Proposed Acquisition of Westar by GPE

The testimony addresses the following: (a) The effect of the Transaction on consumers, including: (i) reasonableness of the purchase price, including whether the purchase price was reasonable in light of the savings that can be demonstrated from the merger and whether the purchase price is within a reasonable range; (ii) whether ratepayer benefits resulting from the Transaction can be quantified; (iii) whether there are operational synergies that justify payment of a premium in excess of book value; and (iv) the effect of the proposed Transaction on the existing competition. (b) Whether the proposed transaction will preserve the jurisdiction of the KCC and the capacity of the KCC to effectively regulate and audit public utility operations in the state. (c) Whether the Transaction will reduce the possibility of economic waste.