SOURCE: Industrial Info Resources

Industrial Info Resources

August 09, 2012 06:15 ET

Westar Energy Sees Strong Retail Sales in Second-Quarter 2012, but Tames Outlook for Full Year, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Aug 9, 2012) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Energy company Westar Energy Incorporated (NYSE:WR) (Topeka, Kansas), which is the largest electric utility in Kansas, saw solid gains in the second quarter of 2012 as higher prices and stronger energy sales, driven by warmer weather, far outpaced higher operating costs and weaker Wholesale segment results. Net income was reported to be $61.36 million for the quarter, a 39.82% increase from second-quarter 2011. Industrial Info is tracking $791 million in active projects involving Westar, including two projects in units 4 and 5 at the Lawrence Energy Center in Lawrence, Kansas: the $250 million rebuild of scrubbers, and the $125 million construction of particulate control features.

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