Westar

Stephen Koranda / KPR

Kansas regulators Wednesday blocked the $12 billion purchase of Topeka-based Westar Energy by Great Plains Energy.

Members of the Kansas Corporation Commission had concerns that the purchase price was too high and that the merger wouldn’t create enough efficiencies to guarantee lower costs to customers.

The order from the three-member commission called the proposal “too risky.”

Kansas regulators will consider a compromise that would allow Westar Energy to increase rates for electricity customers by $78 million. That would mean $5 to $7 more a month for most customers. The Kansas Corporation Commission will consider the compromise during hearings starting Monday. Commissioners will decide whether to adopt it or craft their own plan.

zkoenig / Panoramio

Compared to other areas of the country, Missouri and Kansas have it pretty good when it comes to energy pricing.