The company also submitted a revised proposal to the Missouri Public Service Commission that continues to provide increased short-term and long-term value to all stakeholders.
The terms of the Kansas agreement remain confidential until the agreement is filed with the commission. With the expected filing and approval in Kansas, the transaction will have received numerous state and federal approvals. This would leave the Missouri Public Service Commission as the only regulatory approval needed to finalize the acquisition, the company said.
Michael Chesser, chairman and CEO of Great Plains Energy, said: We remain committed to the region’s total living environment by providing clean, affordable, reliable energy and good jobs for years to come. We are confident that the agreement in Kansas and the revised proposal in Missouri strike the right balance between customers and shareholders and will create a strong regional utility.
