Last Updated on August 11th, 2017
August 11th, 2017
Written by Brandon Peoples
Westar Energy and Great Plains Energy are moving forward on their merger agreement.
Speaking with shareholders Wednesday over second quarter earnings, Westar CEO Mark Ruelle shared a timeline of when they hope to secure the necessary paperwork to bring the two sides together.
Second quarter earnings were lower at $72 million, or 50 cents per share, but right on par with the second quarter of 2016. Ruelle remains optimistic that the merger will help bring a stronger financial outlook.
The two sides hope to have the paperwork filed by the end of August as they aim to complete the merger agreement in the first half of 2018.