What Is Westar Energy?

What Is Westar Energy?

Westar Energy is a corporate owned electric utility company with its headquarters in Topeka, Kansas. It was founded in 1924 and it generates, transmits and supplies power to residents, industries and commercial buildings. Westar Energy has 12 power plants generating over 27,000,000 megawatt-hours of electricity yearly, as of 2015.

Westar Energy also supplies power for lighting the streets, highways, electric cooperatives and municipalities in Kansas. It produces its power supply using a wide range of fuels including coal, natural gas, wind, uranium, diesel and landfill gas.

The area covered by Westar Energy includes central and northeastern Kansas, south-central and southeastern Kansas with a customer base of an estimate of 698,000. It owns more than 6300 miles of transmission lines and approximately 28,100 miles of supply lines.

Westar Energy started its operations in 1909 as Kansas Gas and Electric Company. Since then, it changed the name several times until 2002, when it was rebranded as Westar Energy.

For three years running from 1997 to 1999, Westar Energy was faced with faced with controversies over consolidated financial statements related to the Westinghouse Security System acquisition. In January 2003, the company was charged for deals in involving illegal power sales, and paid $30 million dollars settlement to account for added impairment.