Protection One Announces Resolution of Key Outstanding Issues in Kansas Corporation Commission Proceeding; Tax Sharing Agreement with Westar Energy to Remain Intact; Credit Facility with Westar Industries to Be Reduced and Extended by One Year to January 2005.

PR Newswire | March 13, 2003 | Copyright

Protection One today announced that the Kansas Corporation Commission (KCC) has entered an order conditionally approving a settlement between Protection One, the Kansas Corporation Commission Staff, Westar Energy, Inc., Westar Industries, Inc. and MBIA Insurance Corporation. The settlement successfully resolves, without contested proceedings or litigation, certain points relating to the Commission's previously issued Order No. 55 that could have jeopardized Protection One's contractual arrangements with Westar Energy and Westar Industries.

The KCC conditionally ...

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