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Lawrence Journal World in Lawrence, Kansas

28 Jun 2001

Page 7

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Newspaper

Lawrence Journal World

Location

Lawrence, Kansas, United States of America

Date

Jun 28, 2001

Page

7

Western defends compensation deal in Kansas review

Western Resources faces a Kansas Corporation Commission review over a change of control compensation plan for top executives tied to a KPL and KGE merger with Public Service Company of New Mexico. Critics warn of debt buildup and potential loss of reliable service, while Western argues such agreements are common and aimed at reducing debt.

MENTIONED IN THIS ARTICLE

Chuck Garcia Public Service Company of New Mexico Western Resources Kansas Corporation Commission Topeka Kansas KPL KGE KCC Garcia Western Resources Inc Western ECC James Martin Citizens’ Utility Ratepayers Board PNM Walker Hendrix CURB Martin Westar Carl Koupal Hendrix Fortune Magazine Michael Lennon John Wine Koupal James Zakoura Overland Park
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Shareholders eye lawsuit over Western Resources stock drop

A Topeka lawyer confirms shareholders are consulting attorneys about possible legal action against Western Resources Inc. over a stock decline from 42 to 15 between 1998 and 2000. The Kansas Corporation Commission reviews a planned restructuring separating electric utilities from other units including Protection One. A New York firm specializing in shareholder suits is being considered, with a decision expected by early August.

MENTIONED IN THIS ARTICLE

Topeka Western Resources Inc Kansas Corporation Commission Western Protection One Security Dan Lykins New York Lykins Western’s New York Stock Exchange Kim Groninger
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