Merger of Great Plains Energy and Westar Energy Approved, Paving Way for Benefits to Customers, Communities and Shareholders
GREAT PLAINS ENERGY (GXP)
Last great plains energy earnings: 5/2 05:09 pm
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greatplainsenergy.com/homepage
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Source: Business Wire
Newly formed Evergy initially will serve customers under familiar Westar, KCP&L brands KANSAS CITY, Mo. & TOPEKA, Kan.--(BUSINESS WIRE)-- Today, Great Plains Energy Incorporated (NYSE: GXP), which serves customers as KCP&L, and Westar Energy, Inc., (NYSE: WR) received final regulatory approval from the Kansas Corporation Commission (KCC) and Missouri Public Service Commission (MPSC) to combine. The stock-for-stock merger of equals creates a holding company of approximately $15 billion equity value, which will be named Evergy, Inc. (NYSE: EVRG). Its principal business will be conducted by the operating companies known today as Westar and KCP&L. This press release features multimedia. View the full release here:https://www.businesswire.com/news/home/20180524006453/en/ “As neighbors, KCP&L and Westar have served customers in Kansas and Missouri for more than 100 years. This merger allows us to be even more
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