Westar reports large gain on tax benefit

“We expected earnings in the quarter apart from the tax benefit to be down compared to last year, largely because of capital investments we have made to serve customers that are not yet reflected in our prices.”

Recognizing a large federal income tax benefit, Westar Energy, Inc. today said the utility turned a $60.9 million profit during the first three months of the year, more than double that recorded a year ago.The ... via KansasCity.com