Attached files
Exhibit 99.2
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Investor Fact Sheet
August 2011 Rate Filing | |
Overview:
Filing date August 25, 2011
Based on a 240-day regulatory calendar plan for a decision by late April 2012
New rates approximately May 2012
Request 5.8% or $91 million revenue increase
Test Year
Twelve months ended March 31, 2011 with known and measurable adjustments.
Proposed Rate Base: $3.4 billion
Excludes: $722 million of transmission rate base as of Dec. 31, 2010; and
$393 million of environmental rate base as of Dec. 31, 2010 under ECRR
Proposed Return
Request 10.6% ROE and 8.68% overall return
Currently implied authorized return is 10.4% ROE and 8.50%
Capital structure (pro forma including settlement of forward equity sales)
| A | B | C | ||||||||||||
| % of Capitalization |
Cost | Weighted Avg. Cost |
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| 1 |
Debt | 47.97 | % | 6.65 | % | 3.19 | % | |||||||
| 2 |
Preferred equity | 0.41 | % | 4.55 | % | 0.02 | % | |||||||
| 3 |
Common equity | 51.62 | % | 10.60 | % | 5.47 | % | |||||||
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| 4 |
Total |
100.00 | % | 8.68 | % | |||||||||
Current prices based on 50.83% equity ratio
Rate Case Drivers:
Increased O&M:
Higher tree trimming costs
Increasing regulatory compliance costs
Higher employee benefit costs
Reduced depreciation and amortization
Lower energy sales
Requesting no changes in principal ratemaking methods
Request to use follow-on abbreviated rate case for La Cygne environmental project
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For more information contact investor relations: Bruce Burns 785-575-8227 bruce.burns@westarenergy.com
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 1
General Rate Case Process
August 2011 Rate Filing
Prepare case using
historical test year
w/pro forma updates
Company files its
request
(August 25, 2011)
Interventions
Discovery
Technical hearings
Briefs
Decision
(240 days after filing)
(Decision late April 2012)
Staff / Interveners
file response to
company request
Rebuttal testimony
Settlement / Pre-hearing
conference
Rates implemented
(generally within
30 days)
Public hearings
(typically at multiple
locations in service area) |