S&P: Westar Energy not impacted

Standard & Poor's said that the recent offering of about $145 million of common stock by Westar Energy Inc. (BBB-/stable) will help to maintain capital structure balance during the company's heavy construction program, but will not affect current ratings.

An over-allotment option, if exercised, will bring the total common stock issuance to roughly $168 million, the agency noted.

Accelerating capital expenditures concentrate on installation of generating units, improvements to transmission and distribution facilities and environmental compliance, S&P said, adding that the proceeds will be used to repay short-term debt that was incurred to fund construction outlays and for general corporate purposes.

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