...The ratings, which were raised on Aug. ##, ####, consider Westar Energy, Inc s (WR) conservative management team, utility-fo cused investment strategy and ongoing commitment to credit quality. WR s and subsidiary Kansas Gas & Electric Co. s (KG&E) credit ratings are the same, re flecting centralized management and operations as explained further in the Company Profile section below. WR s and KG&E s credit profiles benefit significantly from adoption by the Kansas Corporation Commission (KCC) of regulatory mechanisms and tariffs designed to enhance the likelihood and timeliness of re covery of utility investment and certain variable costs. Such mechanisms includ e fuel and purchase power adjustment, environmental investment and Federal Energy Regulatory Commission -approved tariff mechanisms. In addition, legislation enables WR to file for predetermination of large generation projects, including renewable energy projects. Under the predetermination process, the commission...
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