CAMPUS AND AREA
University Daily Kansan, March 21, 1984 Page 10
Wolf Creek
continued from p. 1
the company's dividends. He said that the company technically had sufficient assets to cover its dividends, but that money had been borrowed anyway.
KOERPER SAID THAT if the dividend payment amendment became law, the KC would have to examine K&E's financial books and determine whether the money the company had borrowed actually had paid dividends.
Because the committee added the dividend payment amendment and several other changes, the bill the Senate will consider is slightly different from the version the House approved March 2. The House passed the bill, 117-7, after debating for nearly six hours the day before.
Senate Majority Leader Robert Talkington, R-Iola, said the Senate probably would consider the bill Thursday or Friday.
IF APPROVED BY THE Senate, the bill would go back to the House. The House would have to agree word for word to the Senate's changes.
The conference committee would
KANSAS ELECTRICAL Power Cooperatives, a group of 25 rural electric companies, owns the remaining 6 percent. The KCC has estimated that bills for KEPCO's customers will jump about 60 percent.
The bill sent to the Senate would give the KCC more authority in dealing with
meet at the end of the session, probably in late April, to iron out differences in the two versions of the bill before sending a final draft to Gov. John Carlisle.
The KCC has estimated that rates will at least double for customers of KGRE and Kansas City Power and Light Co. of Kansas City, Mo. Both companies own 47 percent of Wolf Creek. KGRE officials told the KCC in February that the company's rates must increase 95.4 percent over five years if the company is to pay for Wolf Creek.
Construction on Wolf Creek is more than two years behind schedule and $2.63 billion over budget. The plant, which has been scheduled to go on line next February.
those rate increases and determining how those increases should be phased in to buffer the impact on consumers.
Several committee members questioned what impact, if any, the dividend payment amendment would have on utility companies' abilities to build power plants.
"last week I read a story in the paper that said the amendment would have no effect at all on the companies," said State Sen. Bill Morris, R-Wichita. "the president of KGRE said it would exempt them. I want to know who's right."
DON LOW, DIRECTOR of utilities for the KCC, said he thought the dividend amendment would not hurt utility efforts to raise money to build plants.
Talkington said, "From what I understand, this could put enough of a burden on the companies that it could cause some problems."
"I don't think it would be that significant," he said.
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Baha'is of Lawrence wish to familiarize Lawrence residents with the teaching of the Baha'i Faith. Since we do not want to force our religion on anyone, we are offering to send you A FREE BOOK so you can read it in the privacy of your home. You may obtain this book by mailing the coupon.
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Applications for 1984-85 STUDENT ORGANIZATION OFFICE SPACE IN THE KANSAS UNION ARE NOW BEING TAKEN ANY STUDENT ORGANIZATION MAY APPLY
MAY APPLY
Pick up Information & Applications at the SUA Office, 4th level, Kansas Union headline is March 28. 5.c
Deadline is March 28, 5 p.m.
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MidAmerican Bank makes student loans, guaranteed by the Higher Education Assistance Foundation (HEAF). Contact the Financial Aid officer at your school, or call our Student Loan Department, MidAmerican Bank. (913) 384-3450.
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