April 24, 2014 |
See complete forecast
Copy and paste the link:
Westar's presentation can be found athttp://www.westarenergy.com/wcm.nsf/content/2013ratereview
If I read the presentations correctly, Westar did not really have a recognized rate structure. Nowhere, did I find the current rates, There were two structures considered - Peak and Average Usage and Class Cost of Service. The consultants recommended the Class Cost of Service.
Did anyone else notice the $33.9 million for environmental upgrades?
Will Westar then change the type of lights/bulbs used in city street lamps to make them more effecient?
Fair? Funny word. Without the base load need from large commercial demand they would not need so many coal plants that need upgrades.
Do they always have to have the highest paid people? Do they always have to have the newest trucks? Must they always have a guaranteed return when others don't?
Do more with less like everyone else is having to do.
It's a little hard to understand why Westar needs 18 rate increases in a 4-1/2 year period. Makes one wonder whether the utility is being run efficiently or it is merely greed driven; fueled and enabled by an unduly cooperative KCC..
Support financial research efforts into free energy and create a new industry. It would still cost to lease or buy a device in the future, but the energy used would be free. It would provide a real alternative to the electric companies.
I would support this only if we were all allowed to sit for a few hours in the lobby of a big business and enjoy the A/C while we charged our devices and used their wi-fi...
Sounds like Koch Brothers work as the same theme....little guy pays for big business?!
Why can't big business pay for their own usage?
Why do the little people keep having to pay for business?
Boycott ANYTHING to do with Westar!
All part of Agenda 21 & ICLEI
Another reason to move and another reason retirees are not coming.
This sounds very much like the governor's office gave the idea to Westar. It fits perfectly with Sam's belief that precious business must be given every advantage under the sun. As far as consumers getting the shaft, they don't count to the governor or Koch. So be it. I predict Sam will have the class warfare he has always wanted. I pray that when he leaves there is enough left in Kansas to start the rebuilding process without sucking the last breath out of those still here.
When did Koch Industries buy WESTAR?
Acclimatize like the settlers in covered wagons had to. Save big money! No one is forcing you to use electricity.
I would imagine there are many more residential customers than big business and nickel and diming residential customers, while giving relief to BIG BUSINESS will make more money for WESTAR in the long run and make WESTAR look like they are helping someone in the process. That someone would be themselves.
They're paying more than their fair share? Hey, with all those water subsidies maybe they should pay more for something for a change.
What's that smell? Just another .. SUB-SI-DY!
JUST WAIT....this is only the beginning. When the EPA/POTUS roll out their new Regs over coal...it will skyrocket. I found an old bill from 5 years ago for $120. Same house, now, $200. Sure, go ahead and raise it some more...thanks!
It sounds like they're following the same plan that our city commission has established as of late. That is, they'll lower the rates/taxes charged to developers and other business interests, while they raise the taxes/fees on individual homeowners and renters to make up the difference.
Thanks for the tip Ron but you are asking me to rip off my fellow citizens who actually work for a living.
Westar's net profit margin for Q1, Mar '13 was only 9.75%, compared with 12.49% for all of 2012. That compares very favorably with many other businesses. But, this decrease needs to be corrected with a rate increase, in the interests of the shareholders.
Definition of profit margin (noun):
The amount by which revenue from sales exceeds costs in a business.
Westar (WR) is an excellent stock to own because the company is distributed across several states, types of power generation, its customers usually have no other choice for their electricity needs, and it has been consistently very profitable for many years. I can't bring the page up at the moment, but I clearly recall reading that if you had invested $100,000 in WR only ten years ago, the sum of the dividends and the increase in the stock price would now add up to almost $400,000.
WR is an excellent stock to own, and as of today, the share price is $32.07. I highly recommend it.
All the more reason to install some solar panels and generate some of our own electricity.
This is class warfare, nothing more, nothing less
we got our westar bill today, $154.,
I called the KCC and made my thoughts known, and also got some more information.
The rate increase requested is a sort of mish-mash of things that make sense that I support, and others that I don't support.
I encourage everybody who is concerned about this to do the same.
Daily CEO Pay Now Exceeds U.S. Workers Annual Salary. And CEO’s sometimes do even better when they quit. What a rip off for consumers. We're looking at one aspect of why the cost living increases beyond reality. CEO's should work for a flat $750,000 a year or less. Consumers cannot afford CEO's , golden parachutes etc etc etc etc etc.
Take for example, James Mulva of ConocoPhillips. He was paid $140.8 million in 2011 but topped that in 2012 when he left the company after 10 years as CEO. Once he cashed out his stock options, took his retirement bonus and got his final paycheck, he collected a whopping $260 million in 2012.
Additionally “golden parachute” arrangements have had a negative impact on corporate performance, say experts. “If you have a safety net of this type of gargantuan size, it starts to undermine the CEO’s desire to build long-term value for shareholders,” Paul Hodgson, a director at corporate governance researcher at BHJ Partners, told Bloomberg. “You don’t really care if you’re fired or not.”
Way more to this nonsense.
Come on guys, if they jack up our rates too much, we can just take our business elsewhere.....um....never mind!
Another fact missing from this story - what profits has this utility, which is essentially a monopoly, posted with all these rate increases the past 4 years? What are they using these profits to do? Other than buy politicians and pay their executives huge salaries?
KCC will rubber stamp this. They think legalized monopolies are entitled to 10% annual return on investment. CURB is inadequate to say the least.
Cut the CEO's pay package by 75% to prevent further reckless spending
Remove the Golden Parachutes from the budget = stop spending recklessly
Remove all political campaign donations from the budget = stop spending recklessly
Cut all advertising $$$$$$ from the budget = stop spending recklessly
Cut all executive jets from the budget then sell off the jets
Cut BOD's salary packages by 75% !!!!!!
Quit taking politicians to dinner and drinks!!!
Do not sponsor any athletic events!!!!!
Now Westar is managing in a fiscal responsible manner thus eliminating the need for any rate
This is Westar being smart about how to get a rate increase through the current Kansas legislature. The key to getting the rate increase is to appeal to the far right's wealth redistribution agenda. As long as Westar can ensure their policies are moving in the direction of the super rich having all the money and the poor having no money, they know they can get their rate hike. Westar also threw the far right a bone by saying the hike is needed because of federal rules designed to help the environment. I predict this increase will sail through. And others will learn from this.
Would love to see the rates that are payed by each type of customer. Without that information it is impossible to make a judgement on this.
This state is whacked...businesses no longer pay taxes and now this.....this song is very fitting for this state....
big guys won , little guys lost
we are doomed
get out your tin foil hats,
Obama will ride to the rescue
and save the downtrodden again
What are the rates per kw-hr for each? Information vital to making a judgement...
LJWorld: what are the rates per kW-hr that "big-business" and residential customers pay? Without knowing that, it is impossible to judge the assertions being made.
According to the Dow big business should be bringing in record profits. Why now stick it to the little guy and gals? Is this the shovel ready jobs promised? Digging are own grave.
Apparently the Koch's and the C of C are now dictating rates to be charged customers as well.
My bill goes up every summer already. I do not need another rate increase. Why is it that "big business" is always getting the break? Let the businesses deal with it. I don"t make a profit from my home, why should I have to foot the bill for theirs?
If big business wants to lower their bills they need to find their own way to do that not go I to my pocket
"And Westar says it needs to shift the rate-structure burden because big business customers are paying more than their fair share."
How are they paying more than their fair share? Because you said so? Howsabout some detail there, Mark?
"First, we need to make sure rates are fair and reflect the cost of providing service to each type of customer."
Somehow, I'm doubting that parity is the real goal here.
Commenting has been disabled for this item.
Find more businesses on Marketplace
Arts & Entertainment ·