Hunton & Williams Advises on Kansas Gas and Electric Company $250 Million First Mortgage Bond Offering
Hunton & Williams LLP advised Barclays Capital Inc., J.P. Morgan Securities LLC, and Mitsubishi UFJ Securities (USA), Inc., as joint book-running managers on a Rule 144A for life/Regulation S offering by Kansas Gas and Electric Company (“KGE”) of $250 million aggregate principal amount of first mortgage bonds due 2044.
KGE is a regulated electric utility incorporated in 1990 in the State of Kansas. KGE is a wholly- owned subsidiary of Westar Energy, Inc., which is a publicly listed company on the New York Stock Exchange. KGE provided electric generation, transmission and distribution services to approximately 321,000 customers as of March 31, 2014 in south-central and southeastern Kansas, including the city of Wichita. KGE’s retail customer base includes residential, commercial and industrial customers, and KGE also supplies electric energy at wholesale to the electric distribution systems of 10 cities in Kansas. In addition, KGE purchases and sells electricity at wholesale in areas outside its retail service territory. KGE owns a 47% interest in Wolf Creek, a nuclear power plant located near Burlington, Kansas.
The Hunton & Williams LLP team included Peter O’Brien, Kevin Felz and Christina Kwon. Cary Tolley and Emily Winbigler provided tax advice.
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