View:
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934
Filed by the Registrant / /
Filed by a Party other than the Registrant /X/
Check the appropriate box:
/ / Preliminary Proxy Statement
/ / Definitive Proxy Statement
/X/ Definitive Additional Materials
/ / Soliciting Material Pursuant to Rule 14a-11(c) or
or Rule 14a-12
KANSAS CITY POWER AND LIGHT COMPANY
- ----------------------------------------------------------------------
(Name of Registrant as Specified In Its Charter)
WESTERN RESOURCES, INC.
- ----------------------------------------------------------------------
(Name of Person(s) Filing Proxy Statement)
Payment of Filing Fee (Check the appropriate box):
/ / $125 per Exchange Act Rules 0-11(c)(1)(ii), 14a-6(I)(1), or 14a-6(I)(2)
/ / $500 per each party to the controversy pursuant to Exchange Act
Rule 14a-6(I)(3)
/ / Fee computed on table below per Exchange Act Rules
14a-6(I)(4)
and 0-11
1) Title of each class of securities to which transaction applies:
------------------------------------------------------------------
2) Aggregate number of securities to which transaction applies:
-----------------------------------------------------------------
3) Per unit price or other underlying value of transaction
computed pursuant to Exchange Act Rule 0-11:*
-----------------------------------------------------------------
4) Proposed maximum aggregate value of transaction:
-----------------------------------------------------------------
Set forth the amount on which the filing fee is calculated and state how it
was determined.
/ / Check box if any part of the fee is offset as provided by Exchange Act
Rule 0-11(a)(2) and identify the filing for which the offsetting fee was
paid previously. Identify the previous filing by registration statement
number, or the Form or Schedule and the date of its filing.
1) Amount Previously Paid:
------------------------------------------------------------
2) Form, Schedule or Registration Statement No.:
------------------------------------------------------------
3) Filing Party:
------------------------------------------------------------
4) Date Filed:
------------------------------------------------------------
/x/ Filing fee paid with preliminary filing.
The following press release was issued on May 22, 1996:
WESTERN RESOURCES FILES TESTIMONY TO
ELECTRIC RATE CASE AT KANSAS CORPORATION COMMISSION
COMPANY REMAINS COMMITTED TO LOWERING RATES BY
$92 MILLION
TOPEKA, Kansas, May 22, 1996 -- Western Resources today filed
testimony in its regulatory plan pending before the Kansas Corporation
Commission supporting its plan to lower electric rates by approximately $92
million during the next seven years.
"Our filing today shows that our electric rates are where they should
be, and plans for future reductions of $92 million have a solid foundation"
said John E. Hayes, Jr., Western Resources chairman of the board and chief
executive officer.
On August 17, 1995, Western Resources filed a regulatory plan to
accelerate depreciation on the Wolf Creek Generating Station and
simultaneously reduce rates for KGE electric retail customers. The plan
proposes $8.7 million in annual reductions over the next seven years for a
total of approximately $61 million in reductions for KGE retail electric
customers.
In addition, Western Resources' recent KCPL merger proposal would add
$21 million in annual electric rate reductions for KCPL customers and
another $10 million annually for KGE electric retail customers.
Western Resources earnings figures were calculated with the assistance
of two private consulting firms -- Benore Financial Consultants, New
London, Connecticut; and Applied Energy Group, Hauppauge, New York.
"Whatever our cost of service studies show, we are keenly aware of the
competitive forces that necessitate lowering rates, not raising them," said
Hayes. "We are ready and willing to move forward to ensure that we are
implementing our series of rate reductions in a timely manner to benefit
customers."
Hayes said that if the KCC approves the pending rate reduction plan
and merger proposal with KCPL, KGE and KCPL retail electric rates would be
10 percent below the current national average by 2002. KPL rates, already
27 percent below the national average, are expected to remain stable.
Western Resources (NYSE:WR) is a diversified energy company. Its
utilities, KPL and KGE, operating in Kansas and Oklahoma, provide natural
gas service to approximately 650,000 customers and electric service to
approximately 600,000 customers. Through its subsidiaries, Westar Business
Services, Westar Consumer Services, Westar Capital, and The Wing Group,
energy-related products and services are developed and marketed in the
continental U.S., and offshore.
For more information about Western Resources and its operating
companies, visit us on the Internet at http://www.wstnres.com.
Western Resources has filed exchange offer materials with the
Securities and Exchange Commission and intends to make its offer directly
to shareholders of KCPL as soon as its registration statement has been
declared effective by the Securities and Exchange Commission.
A registration statement relating to the Western Resources securities
referred to in these materials has been filed with the Securities and
Exchange Commission but has not yet become effective. Such securities may
not be sold nor may offers to buy be accepted prior to the time the
registration statement becomes effective. These materials shall not
constitute an offer to sell or the solicitation of an offer to buy nor
shall there be any sale of these securities in any state in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state.
The following Employee Update was issued on May 22, 1996:
May 22, 1996
WESTERN RESOURCES FILES TESTIMONY TO
ELECTRIC RATE CASE AT KANSAS CORPORATION COMMISSION
COMPANY REMAINS COMMITTED TO LOWERING RATES BY $92 MILLION
Western Resources today filed testimony in its regulatory plan pending
before the Kansas Corporation Commission supporting its plan to lower
electric rates by approximately $92 million during the next seven years.
"Our filing today shows that our electric rates are where they should be,
and plans for future reductions of $92 million have a solid foundation,"
said John E. Hayes, Jr., Western Resources chairman of the board and chief
executive officer.
On August 17, 1995, Western Resources filed a regulatory plan to
accelerate depreciation on the Wolf Creek Generating Station and
simultaneously reduce rates for KGE electric retail customers. The plan
proposes $8.7 million in annual reductions over the next seven years for a
total of approximately $61 million in reductions for KGE retail electric
customers. In addition, Western Resources' recent KCPL merger proposal
would add $21 million in annual electric rate reductions for KCPL customers
and another $10 million annually for KGE electric retail customers.
Western Resources earnings figures were calculated with the assistance
of two private consulting firms -- Benore Financial Consultants, New
London, Connecticut; and Applied Energy Group, Hauppauge, New York.
"Whatever our cost of service studies show, we are keenly aware of the
competitive forces that necessitate lowering rates, not raising them," said
Hayes. "We are ready and willing to move forward to ensure that we are
implementing our series of rate reductions in a timely manner to benefit
customers." Hayes said that if the KCC approves the pending rate reduction
plan and merger proposal with KCPL, KGE and KCPL retail electric rates
would be 10 percent below the current national average by 2002. KPL rates,
already 27 percent below the national average, are expected to remain
stable.
Western Resources has filed exchange offer materials with the
Securities and Exchange Commission and intends to make its offer directly
to shareholders of KCPL as soon as its registration statement has been
declared effective by the Securities and Exchange Commission.
A registration statement relating to the Western Resources securities
referred to in these materials has been filed with the Securities and
Exchange Commission but has not yet become effective. Such securities may
not be sold nor may offers to buy be accepted prior to the time the
registration statement becomes effective. These materials shall not
constitute an offer to sell or the solicitation of an offer to buy nor
shall there be any sale of these securities in any state in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state.