Public Utilities Reports

PUR Guide 2012 Fully Updated Version

Available NOW!
PUR Guide

This comprehensive self-study certification course is designed to teach the novice or pro everything they need to understand and succeed in every phase of the public utilities business.

Order Now

What to do with All that Cash?

Fortnightly Magazine - September 1 1996

unsuccessful diversification, the current eagerness of utility managements to expand beyond their franchises raises questions about the priority that will be given to shareholder interests. The hostile attempt by Western Resources to buy Kansas City Power & Light (KCP&L) is a case in point. Western has shown itself so anxious to acquire KCP&L that it is willing to pay a price that carries important risks for Western shareholders. And by rejecting Western's excessively generous offers, KCP&L appears so eager to pursue its own expansionist agenda that it will disregard the interests of its shareholders. t

Charles M. Studness is a contributing editor of PUBLIC UTILITIES FORTNIGHTLY. Dr. Studness has a PhD in economics from Columbia University, and specializes in economics and financial research on electric utilities.

28

Articles found on this page are available to Internet subscribers only. For more information about obtaining a username and password, please call our Customer Service Department at 1-800-368-5001.

Pages