Archive for Tuesday, March 19, 1991

E, KPL MERGER

March 19, 1991

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— Shareholders of Kansas' two largest energy utilities voted overwhelmingly today to approve their proposed merger.

More than 90 percent of the shareholders of Kansas Power and Light Co., which operates as KPL Gas Service and is Lawrence's electric utility, approved the merger at a meeting at KPL headquarters here.

More than 98 percent of the shareholders voting at the KG&E; headquarters in Wichita also approved the merger.

However, shareholder approval does not make the merger a reality. Regulatory agencies of Kansas, Missouri, Oklahoma and the federal government also must approve it.

The Kansas Corporation Commission opens its technical hearing on the proposal Monday. The KCC staff and the Citizens Utility Ratepayers Board both have filed testimony opposing the merger.

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