Published:
Westar Energy Announces Agreement With Electric Transmission America to Form New Transmission Company

Westar Energy, Inc. (NYSE: WR) today announced it
and Electric Transmission America (ETA) have formed Prairie Wind
Transmission, LLC, a joint venture company that plans to construct
ultra-high capacity electric transmission facilities in Kansas. This
project will be the first
ultra-high capacity transmission west of the Mississippi River. Westar
Energy, Inc. and ETA will have equal ownership shares in Prairie Wind
Transmission. ETA is a joint venture between AEP Transmission Holding
Company, a wholly-owned subsidiary of American Electric Power (AEP) and
MEHC America Transco, a wholly-owned subsidiary of MidAmerican Energy
Holdings Co.
Prairie Wind Transmission is proposing to build approximately 230 miles of
765 kilovolt (kV) transmission facilities extending from the Wichita area
west to the Dodge City area and then south-southwest to the Kansas border
from Medicine Lodge. Following the receipt of necessary regulatory
approvals, including approval from the Kansas Corporation Commission, these
facilities are expected to be in service by the end of 2013.
"Westar is pleased to launch this new transmission company with AEP and
MidAmerican. AEP has the most experience with ultra-high capacity 765 kV
transmission lines of any transmission provider in the country, MidAmerican
ranks among the largest transmission owners in the country, and Westar has
more new transmission projects approved and under construction in Kansas
than any other utility in the state," said Bill Moore, Westar Energy
president and CEO. "Our new Prairie Wind project advances federal policy
for a more robust transmission system to ensure reliability of our nation's
electricity grid and promotes Kansas policy for rapid development of wind
energy and the transmission network required to support it."
"The proposed project is good for the region, the state and our customers,"
said Kelly Harrison, Westar Energy Vice President, Transmission Operations
and President of Prairie Wind. "This project is the best first step toward
the development of an interstate transmission 'super highway' in the
Midwest that will enable Kansas to export renewable energy resources to
other regions and facilitate access to markets for other generation
sources. Each participant in this joint venture brings diverse strengths
that make Prairie Wind unique."
Prairie Wind Transmission's project is consistent with the Southwest Power
Pool's plans for new ultra-high capacity transmission lines serving Kansas
and the region to enhance access to lower-cost electric power markets,
improve efficiency of the electric grid, improve reliability, and enable
extensive development of renewable energy. In addition, the project will
provide an economic development boost to the rural area of Kansas by
providing jobs during construction and for future operations.
AEP is one of the largest electric utilities in the United States,
delivering electricity to more than 5 million customers in 11 states. AEP
also owns the nation's largest electricity transmission system. AEP has
more experience constructing, operating and maintaining 765 kV transmission
facilities than any other utility in the United States. MidAmerican's
electric subsidiaries have almost 18,000 miles of transmission facilities
making it the fifth largest transmission owner in the United States.
AEP and MidAmerican operate another transmission joint venture, Electric
Transmission Texas, LLC, which is a transmission-only utility providing
transmission services and pursuing opportunities for additional
transmission projects in Texas.
Westar Energy, Inc. (NYSE: WR) is the largest electric utility in Kansas,
providing electric service to about 674,000 customers in the state. Westar
Energy has about 6,200 megawatts of electric generation capacity and
operates and coordinates approximately 33,000 miles of electric
distribution and transmission lines.
For more information about Westar Energy, visit us on the Internet at
http://www.WestarEnergy.com.
Forward-looking statements: Certain matters discussed in this news release
are "forward-looking statements." The Private Securities Litigation Reform
Act of 1995 has established that these statements qualify for safe harbors
from liability. Forward-looking statements may include words like
"believe," "anticipate," "target," "expect," "pro forma," "estimate,"
"intend," "guidance" or words of similar meaning. Forward-looking
statements describe future plans, objectives, expectations or goals.
Although Westar Energy believes that its expectations are based on
reasonable assumptions, all forward-looking statements involve risk and
uncertainty. Therefore, actual results could vary materially from what we
expect. Please review our Annual Report on Form 10-K for the period ended
December 31, 2007 and our Report on Form 10-Q for the period ended March
31, 2008 for important risk factors that could cause results to differ
materially from those in any such forward-looking statements. Any
forward-looking statement speaks only as of the date such statement was
made, and the company does not undertake any obligation to update any
forward-looking statement to reflect events or circumstances after the date
on which such statement was made except as required by applicable laws or
regulations.
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